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

Quote from clacy:

I hope you realize that this was the title of the article, not "my title"

I think this crystalizes the arguement between those who are free market/capitalist and those who believe socialism is the right way. By the way, I would put Bush firmly in the socialist category. Along with ALL of the Dems and a fair amount of the Republicans.
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i learned the hard way with H-1b visa, that they only believe in free markets when THEY are winning

the moment someone else does, instant socialist, they become

this whole bailout thing is, some of the currently wealthy made dumb bets and blew their wad, and they'll do anything to get it back

they have political influence, and they're using it
 
Quote from swtrader:

i learned the hard way with H-1b visa, that they only believe in free markets when THEY are winning

the moment someone else does, INSTANT socialist, they become
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At the end of the day, it's about liberty and freedom. Unfortunately, this country is going away from those principles. Everyone expects the government to solve their problems. What they don't realize is that the government will ALWAYS create bigger problems in that process.
 
One more thing: Say I *am* over reacting and there is absolutely no chance of this happening. Go ahead and take a few minutes and voice your opinion, what have you lost? What's a few minutes compared to even a very small chance of losing your livelyhood?
 
Quote from drukes1234:

Does anyone know what the transaction tax is in Europe?
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A few countries have it.
.15% - .5% in most cases.

BUT BELIEVE ME, THE OUTCOME WOULD BE: BANKS ARE EXEMPT, MM FIRMS ARE EXEMPT, LARGE FUNDS ETC ARE EXEMPT.

SMALLER TRADERS: PAY
 
Guys (and Gals), email your BROKER about this issue. They're the ones who can stand up & say I have X number of common people who would be seriously injured by this issue.

EMAIL YOUR BROKER! It only takes 2 minutes.
 
Quote from Klamath:

One more thing: Say I *am* over reacting and there is absolutely no chance of this happening. Go ahead and take a few minutes and voice your opinion, what have you lost? What's a few minutes compared to even a very small chance of losing your livelyhood?
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I'm not really sure why this couldn't happen. If this is how other stock markets operate and they're doing fine why couldn't this happen to the US.

Also it really makes sense as congress is to not put the burdon on the tax payers and instead put it on wall street.

I remember back in october of 2006 when you heard the govt was going to outlaw online poker no one thought that it would pass... it did
 
Quote from Sky123987:

I'm not really sure why this couldn't happen. If this is how other stock markets operate and they're doing fine why couldn't this happen to the US.

Also it really makes sense as congress is to not put the burdon on the tax payers and instead put it on wall street.

I remember back in october of 2006 when you heard the govt was going to outlaw online poker no one thought that it would pass... it did
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I agree completely. Let's ask Ivanovich...
 
Quote from clacy:

Ok, let's have a discussion of options for traders, should this pass............................

Trading foreign instruments? Would that have to be through a foreign broker?

Would forex be effected?
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Hopefully trading foreign instruments would be enough, but they might structure it in such a way that you'd basically need to move offshore.

The forex market would be killed off, what's 0.25% of a million bucks? But I think that's what they want. After all, those evil currency traders are screwing with the dollar as well, got to stop them right?
 
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