NY wants to try a FTT

Sig said:
If its passed, absolutely. Note she's talking about a global tax. That's very different than a NY or U.S. tax, which of course is idiotic because trading just moves elsewhere.
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Slick way of saying that she won’t support it.
 
KCalhoun said:
If Democrats win, we're fucked.

"If it moves, tax it" especially wall street with ftt
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Given that we weren't fucked in 1944 or 1984 or 2005 or....well any time when taxes were higher (and deficits were lower) than they are today, I'm not sure why we're fucked now? Because Trump has created historic deficits and debts and you're about to start caring about that now?
 
Sig said:
Not something Schumer, Pelosi, or Biden have ever indicated an interest in and not in the platform. Care to place a small $10,000 wager to the charity of the other's choice on that, you seem pretty certain?
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Okay, I'll take a bet. Make it $1,000. Must be to a 501(c)(3). Conditions are: (1) Democrats take the Senate in the November election, (2) House and Senate propose and vote on a trading tax during the year 2021. If house and senate do not propose and vote, then I lose and will make the contribution to your charity.

Accept, and I will see you back here next year.
 
lindq said:
Okay, I'll take a bet. Make it $1,000. Must be to a 501(c)(3). Conditions are: (1) Democrats take the Senate in the November election, (2) House and Senate propose and vote on a trading tax during the year 2021. If house and senate do not propose and vote, then I lose and will make the contribution to your charity.

Accept, and I will see you back here next year.
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Accepted, and just to clarify it needs to make it out of committee and be voted on by the entire House and Senate.
 
Sig said:
Accepted, and just to clarify it needs to make it out of committee and be voted on by the entire House and Senate.
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Accepted. Understanding of course that a trading/transaction tax can either be a stand-alone, or part of a larger bill.

My risk here is that if Trump remains in office, they may not vote, knowing he will likely veto.

Your risk is that if Trump leaves office, you are completely toast.

But, in either case, the bets are on the table. Good luck.
 
lindq said:
Accepted. Understanding of course that a trading/transaction tax can either be a stand-alone, or part of a larger bill.

My risk here is that if Trump remains in office, they may not vote, knowing he will likely veto.

Your risk is that if Trump leaves office, you are completely toast.

But, in either case, the bets are on the table. Good luck.
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You're on, good luck to you as well! In all fairness, I'll even take the Trump win part off the table. If he wins the bet is just off since it wasn't part of our original discussion.
 
Sig said:
You're on, good luck to you as well! In all fairness, I'll even take the Trump win part off the table. If he wins the bet is just off since it wasn't part of our original discussion.
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Well, okay, but I think you just removed your stop loss. So, in your kindness and foolishness, I accept your offer that if Trump remains in office then our bet is null and void. But if he leaves office, the bet remains, and I am betting there will be a vote on a transaction/trading tax.

Accepted?
 
No way that Schumer and Pelosi give the FTT any more than lip service and your usual lefty platitudes. They will completely support it until it comes time for it to leave committee.

Wall Street has bought and paid for the Democratic Party power brokers, especially the Obama alumni that will become the core of the Biden administration. And the Republicans, as usual, are bought and paid for by the corporate interests for that matter.
 
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