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

Quote from swtrader:

I calculate that an ES contract based on roughly $60,000 would be $150 each way

$300 divided by the current transaction expense of 5 dollars means transaction expense increased by a factor of 60 times
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If this happens, I'm done - out

i cant get over a 300 dollar hurdle
 
Quote from IanMacQuaide:

You, me, and thousands of other traders.

Wouldn't the mkts cease to exist?

( I sent my broker the URL!)
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as a former tech worker smashed by H-1b visa, I can defiinately see them doing it - h-1b was so far beyond my worst nightmare

i really feel cursed - no matter what i go into, the government seems to declare war on it

how do you 'rescue' wall street, by putting all traders out of business, including those innocent in all of this?
 
Ain't that the truth. Bastards.

Quote from swtrader:

as a former tech worker smashed by H-1b visa, I can defiinately see them doing it - h-1b was so far beyond my worst nightmare

i really feel cursed - no matter what i go into, the government seems to declare war on it

how do you 'rescue' wall street, by putting all traders out of business, including those innocent in all of this?
More...
 
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, not U.S. taxpayers,'' according to the letter, which was signed by Representative Peter DeFazio, an Oregon Democrat, and Representative Pete Stark, a California Democrat.


http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5UhcbI4jecU
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DeFazio. What a Clown.

"Speculators" caused this?

No, dumb fuck.

1% Fed Funds caused this. And useless Politicians (like you) who were either too stupid, or too corrupt to realize 65 Trillion in derivatives and Fed ownership in the same hands (Wallstreet), is a bad fucking idea.

Its called Moral Hazard, you Douche Bag
 
These self-serving, dirt-stupid Politicians will be the death of this Country.

They grin and spread lies all day to butter their own bread.

What a load of cocksucking Motherless Whores.

Fuck it makes me ANGRY
 
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