Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say

Clearly this would include ETF trades, but what about mutual fund trades? money market fund trades?

I just finished eating lunch (I'm on the West Coast). Excuse me, I have to go throw up now....:mad:
 
In Britain there is 0.5% on stock purchases but not ETF, futures or options. People spreadbet and trade contracts for differences which are not taxed.
 
This would indeed put us all out of business. Would cost me 10-15k per day and I'm not even a high volume trader.

Liquidity would be GONE.

Worst idea in the history of ideas.
 
Quote from Klamath:

There's no fucking way this could happen...

is there?
More...

Surely a 25BP tax on all transactions would kill arbitrage and pretty much kill the derivatives markets in the US. Wouldn't it cause a bigger problem than the one they're trying to fix?
 
Quote from Klamath:

There's no fucking way this could happen...

is there?
More...

no. I dont think even obama would sign this. buffett would surely tell him this is just awful
 
Quote from seasideheights:

`The same Wall Street speculators and investors who are principally responsible for having caused this avoidable financial crisis and profited from it must now be required to pay for it
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Yes. it's all my fault, I should pay for it.

Put me out of business while Paulson keeps his 600 million, or whatever he got from GS.

Bastards.
 
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