Every Democrat gets their wish now.
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Trading Tax Would âDecimateâ Markets, NYSEâs Niederauer Says
- Thread starter piggie2000
- Start date
Every Democrat gets their wish now.
This bill WILL NOT pass in it's current incarnation. It is a flawed bill. The threat is that it may be tacked on to another bill that would embarrass Obama if he tried to veto it. THAT IS THE REAL THREAT.
However, that being said, I believe first you will see an increase in cap gains for traders, maybe something akin to what they are trying to do with hedges - take the income earned and classify it as regular income. Good Bye 60/40 treatment, etc.
However, that being said, I believe first you will see an increase in cap gains for traders, maybe something akin to what they are trying to do with hedges - take the income earned and classify it as regular income. Good Bye 60/40 treatment, etc.
Quote from JOSEF:
<i>Your kidding yourselves if you think this won't pass. I hope you Obama voters are happy now. It should serve as a lesson to you all about how far out of control the democrats have become.</i>
If the Republicans are opposed to this tax, they can filibuster it and get it stopped. So, if it does indeed pass, the Republicans have as much blame as the Democrats.
By the way, on CNBC I have heard all kinds of right-wingers fail to oppose this tax. Heck, Jack Welch stated that he was fine with a 0.25% transaction tax on stocks. So, if it does pass, there is plenty of blame to go around. And it should serve as a lesson to everybody how far out of control BOTH parties have become.
The only reason this Nazi democrat hasn't gotten it passed before now is because the Republicans wouldn't hear of it and Bush would have vetoed any bill with it included.
The Senate is fillibuster proof anyway from a practical point of view anyway so this is all the dems doing.
Quote from jficquette:
The only reason this Nazi democrat hasn't gotten it passed before now is because the Republicans wouldn't hear of it and Bush would have vetoed any bill with it included.
The Senate is fillibuster proof anyway from a practical point of view anyway so this is all the dems doing.
You're obviously an ardent Republican. Nothing wrong with that as there have been many fine Republican presidents.
However you are probably one of the most unobjective people on the site. If the Democrats ran Jesus Christ in the next election you'd find fault with him. I hope you're not this unobjective in your trading, if you are it would seriously impede your success.
On your profile you've listed your occupation as 'know it all'. Probably a little tongue in cheek but that's a very vain way of thinking. Case in point, I think most on this site would label 'stock_trad3r' a 'know it all'.
Quote from piggie2000:
âThere is not even a causal connection between the trading firms that would pay the lionâs share of this tax and the underlying sources of the issues we are facing.â
Translation: Traders didn't ruin this economy. Bankers did.
Translation: DeFazio is a douche-bag.
Quote from Red_Ink_inc:
You're obviously an ardent Republican. Nothing wrong with that as there have been many fine Republican presidents.
However you are probably one of the most unobjective people on the site. If the Democrats ran Jesus Christ in the next election you'd find fault with him. I hope you're not this unobjective in your trading, if you are it would seriously impede your success.
On your profile you've listed your occupation as 'know it all'. Probably a little tongue in cheek but that's a very vain way of thinking. Case in point, I think most on this site would label 'stock_trad3r' a 'know it all'.
If I had been an ardent of a supporter of Obama then I doubt you would have made your comment.
You dems can dish it out be you can't take it.
Big investors look for liquidity.
Investment can go elsewhere if there isn't enough round trip trading happening to provide liquidity.
Investors need day traders.
People who vote for this are ultimately voting for a reduction in investment in the U.S.
It's not going to happen, no matter what the Brits did, or how much anti-wall street sentiment is going around.
Investment can go elsewhere if there isn't enough round trip trading happening to provide liquidity.
Investors need day traders.
People who vote for this are ultimately voting for a reduction in investment in the U.S.
It's not going to happen, no matter what the Brits did, or how much anti-wall street sentiment is going around.