Here we go again with the Financial Transaction Tax

The Democrats are making a pretty sharp turn left, and outright campaigning on socialism (they call it "Democratic Socialism" as if that's something better than socialism).

You're going to hear more and more about the FTT in this country going forward.
 
The thing to watch for is a global effort to enact a FTT. It probably won't happen until then since any country enacting a FTT will instantly be less desirable for finance/trading/banking. Probably why we haven't seen it enacted on state level.
 
Arnie said:
The thing to watch for is a global effort to enact a FTT. It probably won't happen until then since any country enacting a FTT will instantly be less desirable for finance/trading/banking. Probably why we haven't seen it enacted on state level.
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I think it will happen in this country, assuming Dem control of Congress and White House, after the next 2008-style dive.
 
tortoise said:
I think it will happen in this country, assuming Dem control of Congress and White House, after the next 2008-style dive.
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A financial transaction tax would reduce liquidity and increase the cost of capital. If that wasn't the case than every socialist utopia would already have it. The problem is that the average voter is too stupid to understand that.
 
ET180 said:
A financial transaction tax would reduce liquidity and increase the cost of capital. If that wasn't the case than every socialist utopia would already have it. The problem is that the average voter is too stupid to understand that.
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That’s exactly the problem.
 
smallfil said:
That is why the midterm elections in November 2018 will be crucial in determining the course of the US! Elect more conservative Republicans and support the MAGA! President Trump is doing an awesome job! We all need to get out and vote! Do not let the extreme liberal Anti-business politicians win!
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I agree 1000%
 
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