Traders overwhelmingly back Romney.

tomdavis · Nov 11, 2012

Quote from PHOENIX TRADING:

Great reply THANKS

If you're interested in learning more about the destructive nature of the Financial Transaction Tax (FTT) please read:

http://financialtransactiontaxes.com/

Mav88 · Nov 11, 2012

Quote from Ricter:

Under these extraordinarily difficult circumstances my suggestion, to borrow yours from other arguments, would be to get a real job.

the great presumptious leftist gets to say what a 'real' job is

Let's review what some liberals get paid for

1. Steisand stands on a stage and sings, makes millions. I've seen rock stars perform their jobs drunk and/or high yet there is no call to tax them out of existance.

2. Michelle Obama's bullshit $300K a year job at chicago hospitals, all good with Ricter I'm sure

3. OWS protestor living in street and shitting on sidewalks, not paid, just in the way of others trying to work

4. Staff writer at ACORN, boy those guys really contribute to our well being eh?

5. Public servant union retiree. Sucking in those dollars, who gives a shit if the state or city is broke?

6. Humanities professors- sit around and spew shit all day while we pick up the tab, great gig

So yes, liberals sure know what REAL work is, glad they are in charge since I'm gunning for one of those bullshit income streams if SSDI doesn't work. And good job liberals putting coal miners out of work, along with these guys at Blitz

Blitz USA, a bankrupt Oklahoma gasoline can manufacturer, to illustrate the consequences of abusive lawsuits. The ad shows tearful workers losing their jobs and the lights going out at the 46-year-old company as a result of steep legal costs from lawsuits targeting the red plastic containers, according to the company and the institute.

http://www.nytimes.com/2012/10/05/b...of-product-liability.html?pagewanted=all&_r=0

let's get those damn gas can makers a REAL job, let the chinese make those things

Mav88 · Nov 11, 2012

Quote from tomdavis:

You're not being adversarial. You're asking an important question.

There are two financial transaction tax (FTT) bills pending in Congress: (a) Harkin-Defazio, (b) Ellison.

The Harkin-Defazio bill would place a .3% tax on all stock and bond transactions and a .03% tax on all derivative trades (futures and options). The Ellison bill would use .5% and .05%. (Details of the bills can be found by doing a Google search on "Harkin-Defazio" or "Ellison" along with "transaction tax.")

Here's the Harkin-Defazio FTT calculation assuming the ES futures contract is trading at 1400.

1) The "value" of the contract is $50 per point: $50 x 1400 = $70,000.

2) One percent of $70,000 = $700.

3) One one-hundredth of one percent (.01%) = $7.

4) Three one-hundredths of one percent (.03%) = $21 per transaction, or $42 tax per round trip.

The proposed Ellison bill (.05% tax on futures transactions) comes to about $70 tax per round trip.

Tim Harkin refers to his FTT legislation as a "tiny tax." A $42-70 tax per round trip is 10-20 times higher than what most of us pay in commissions.

===============================================

To the naive traders who think the FTT can't happen here, it's time to wake up. That's exactly where we're headed.

http://washingtonexaminer.com/repor...ama-cabinet-slot/article/2512982#.UJwE3UbCz8A

"White House Chief of Staff Jack Lew is the favorite to replace Treasury Secretary Tim Geithner, but Obama aide Pete Rouse is looking for âa Fortune 500 CEOâ to work under the president who embraced Occupy Wall Street."

The number one demand made by OWS was a tax on financial transactions.

thanks for the homework, please post new threads if this gets any traction.

Ricter · Nov 11, 2012

Quote from Mav88:

the great presumptious leftist gets to say what a 'real' job is

It's a rightie argument when we're talking about the social safety net but a leftie argument when we're talking about money renters.

Mav88 · Nov 11, 2012

Quote from Ricter:

It's a rightie argument when we're talking about the social safety net but a leftie argument when we're talking about money renters.

living off welfare is not a job

let's try and get this crammed into your little mind: It's my money, not yours, I am not renting anything.

Ricter · Nov 11, 2012

Quote from Mav88:

living off welfare is not a job

let's try and get this crammed into your little mind: It's my money, not yours, I am not renting anything.

You probably don't have enough money to rent out.

Lucrum · Nov 11, 2012

Quote from PHOENIX TRADING:

ah the soft bigotry of a non-trader.

Quote from Ricter:
01-18-12 05:12 PM
I am not a trader...

A devout communist with no interest in trading. Spends his life on a web site dedicated to trading, preaching the communist manifesto Ad nauseam.

AND to my knowledge he's utterly failed to convert a single capitalist trader ET member to communism.

What a fucking loser.

smilingsynic · Nov 11, 2012

Considering the fact that most traders are losers anyway,the fact that Romney was the preferred choice for most of them makes perfect sense.

A winning trader who backed Obama despite the certain boost in my taxes.

Mav88 · Nov 11, 2012

Quote from Ricter:

You probably don't have enough money to rent out.

I'm not sure what you mean by that, but it is clear that you think us retail guys should be put out of business

Mav88 · Nov 11, 2012

Quote from smilingsynic:

Considering the fact that most traders are losers anyway,the fact that Romney was the preferred choice for most of them makes perfect sense.

A winning trader who backed Obama despite the certain boost in my taxes.

are you for the transaction tax?