PLEASE VOTE AGAINST THE BILL H.R. 1068-link enclosed
- Thread starter proptrader12345
- Start date
I just signed and gave my 2 cents.
How about no bailouts, then we don't pay for big, stupid, fat cats' mistakes.
The socialist wolves are circling the henhouse...frickin' scum! lol
How about no bailouts, then we don't pay for big, stupid, fat cats' mistakes.
The socialist wolves are circling the henhouse...frickin' scum! lol
take this stuff seriously
in 1998, all of a sudden the democratic and republican parties, the media and industry all of a sudden decided to drop the hammer on citizen tech workers
it was a kafka like transformation
bill after bill passed, supported with flat out lies, in congress and the media
many of you people have no idea what it's like to wake up one day and realize society's competely turned against you
the process was very simple
1) democrats pandered for votes among minorities and social leftists who wanted expanded government
2) silicon vally types had leftist social agenda, but fascist labor desires for their own sweatshops - they became the democrat party's ATM
3) democrats passed bill after bill beating the shit out of citizen tech workers - year in year out, always something vicious in the works - citizen tech worker's interests were the 'fuel' to be spent for the 'greater good'
God help anyone who's viewed as political food
in 1998, all of a sudden the democratic and republican parties, the media and industry all of a sudden decided to drop the hammer on citizen tech workers
it was a kafka like transformation
bill after bill passed, supported with flat out lies, in congress and the media
many of you people have no idea what it's like to wake up one day and realize society's competely turned against you
the process was very simple
1) democrats pandered for votes among minorities and social leftists who wanted expanded government
2) silicon vally types had leftist social agenda, but fascist labor desires for their own sweatshops - they became the democrat party's ATM
3) democrats passed bill after bill beating the shit out of citizen tech workers - year in year out, always something vicious in the works - citizen tech worker's interests were the 'fuel' to be spent for the 'greater good'
God help anyone who's viewed as political food
This is some bad news shiite. Some are saying it has no chance to pass. I hope so, but there has been plenty of terrible legislation that has gotten thru.
Baron ought to get into this too. Maybe start a "Fight the Proposed Trader Tax" section. If this POS goes though, ET will be a ghost town in a year.
Baron ought to get into this too. Maybe start a "Fight the Proposed Trader Tax" section. If this POS goes though, ET will be a ghost town in a year.
The important difference is that the one bill is to ADD yet another new tax on us (and lawmakers love those), while the other bill is to REPEAL the income tax (lawmakers hate repealing any tax) to replace it with state run sales taxes.
That's why, in this case, we need to e-mail / contact your reps in our current Democratic party controlled congress to not add yet another tax, because that is what they normally do when left unchecked.
Quote from Wayne Gibbous:
This is some bad news shiite. Some are saying it has no chance to pass. I hope so, but there has been plenty of terrible legislation that has gotten thru.
Baron ought to get into this too. Maybe start a "Fight the Proposed Trader Tax" section. If this POS goes though, ET will be a ghost town in a year.
i still say the key thing to monitor is CME's position
they have clean hands on this whole mess, and they will be SHUT DOWN if this goes through
cme is in chicago, obama's from chicago
The last time STET was seriously considered in 1990 the lobbyists that came out strongly against it weren't who you'd think they might be. The liberal left has come up with this idea but when they see who comes out against it, they will probably back down. I added this to my petition stamp:
Some of the strongest lobbying against a securities tax has come from organized labor. Union officials will again argue that a large share of securities transactions are conducted by pension funds and that a tax on them would reduce workers' retirement benefits.
Wall St. should pay for its own bailout? They are EXEMPT from excise taxes of this sort. The people most hurt by the under-regulated over-levered banks, the American taxpayer/consumer/saver/investor will be specifically targeted by a financial transaction tax to foot this bailout. Now that makes sense, huh??
Some of the strongest lobbying against a securities tax has come from organized labor. Union officials will again argue that a large share of securities transactions are conducted by pension funds and that a tax on them would reduce workers' retirement benefits.
Wall St. should pay for its own bailout? They are EXEMPT from excise taxes of this sort. The people most hurt by the under-regulated over-levered banks, the American taxpayer/consumer/saver/investor will be specifically targeted by a financial transaction tax to foot this bailout. Now that makes sense, huh??
CME STATES OPPOSITION TO FUTURES TRANSACTION TAX
Article from
R Newswire Article date:February 6, 1995 More results for: CME STATES OPPOSITION TO FUTURES TRANSACTION TAX | Copyright informationCOPYRIGHT 1995 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
CHICAGO, Feb. 6 /PRNewswire/ -- The Chicago Mercantile Exchange today reiterated its long-standing opposition to a transaction tax on futures and options included in the administration's Fiscal Year 1996 budget proposal to Congress.
Said Jack Sandner, chairman of the CME: "The Chicago Mercantile Exchange and the futures industry in the United States compete against exchanges and other markets around the world that are unencumbered by transaction taxes. Our industry has created hundreds of thousands of jobs that would be put needlessly at risk by a transaction tax of any size, and Congress has come to the same conclusion again and again when such a tax has been proposed and ...
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well, at least the cme has dealt with this before
Article from
R Newswire Article date:February 6, 1995 More results for: CME STATES OPPOSITION TO FUTURES TRANSACTION TAX | Copyright informationCOPYRIGHT 1995 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) CHICAGO, Feb. 6 /PRNewswire/ -- The Chicago Mercantile Exchange today reiterated its long-standing opposition to a transaction tax on futures and options included in the administration's Fiscal Year 1996 budget proposal to Congress.
Said Jack Sandner, chairman of the CME: "The Chicago Mercantile Exchange and the futures industry in the United States compete against exchanges and other markets around the world that are unencumbered by transaction taxes. Our industry has created hundreds of thousands of jobs that would be put needlessly at risk by a transaction tax of any size, and Congress has come to the same conclusion again and again when such a tax has been proposed and ...
Read all of this article with a FREE trial
Related newspaper, magazine, and journal articles:
http://www.highbeam.com/doc/1G1-16416423.html
well, at least the cme has dealt with this before