If the "Trading Tax" is Passed

Quote from Businessman:

You can trade the european markets, but you will have to wake up at 3am in the morning though. Alternatively trade the after market in european stock futures which normally tracks the US futures closely.
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Would anyone consider moving overseas altogether?
 
Quote from ivanbaj:
Obama is from Chicago. He will not do anything to harm CME. We are safe for now.
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The CBOE too........Hillary is from Illinois and "New York". The NYSE would be safe too. :cool:
 
Quote from stevegee58:

Bah. All we need is another bull market to put a stop to all this whining. Long-only investors (i.e. "suckers", "sheeple") get scared when their NAV goes down and they turn to the gubment for help. During a bull market everyone and their grandmother has dreams of riches.
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How exactly will a trade tax make stocks go up?
 
Quote from nazzdack:

The CBOE too........Hillary is from Illinois and "New York". The NYSE would be safe too. :cool:
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Dan Rostenkowski from Chicago was the one to fix the 60/40 tax split to help CME and CBOT. They will be dead by now without it.

There are tons of money given. I don't see it passing. We are talking big mula here.
 
Quote from ivanbaj:
.....big moolah......
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The threat of a trading tax will become an annual "shakedown" of the industry by lobbyists and politicians for atleast the next four years. :mad:
 
I'm not going to loose any sleep over this. I'm not expecting such a tax to be implemented. But if it was, I would expect it to be levied on U.S. taxpapers based on global trading. That is, trading overseas wouldn't help. No different than interest and dividends earned on foreign investments. The U.S. taxes it's citizens based on their global income/activity.
 
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