You are the fool and the rest who think like you. In total denial. You have no chance of ever getting everything accomplished until you get a clue, research and THINK.
I've seen this trend years ago, now it's written on the wall. Just how fucking stupid are you? Wall Street gave huge money to Obama's campaign and they also lobby very heavily. All regulations put into effect over the last decade benefitted the Wall Street elite at the expense of the smaller guy. Why do you think that Goldman, whose volume dwarfs what the daytraders do, has said nothing whatsoever. Should be a hint.
Do you contribute any money to your senators? Do you lobby? No need to answer that, we all know that the daytrader community has no lobbying power and no organization. You are too busy bashing each other over P&Ls, putting each other down, pennying each other. The prop firms are too busy trying to churn their traders, too busy trying to screw their traders for any minute amount of money (well most of the firms). And now you want to make a valiant effort? Please, who are you kidding? The daytraders did nothing over all the other regulations which hurt them and you will do nothing now.
Don't get mad at me because I am telling you how it is. Don't get mad at me because you don't have the critical thinking, observation & analytical skills to see that this is not exactly a surprise. Face the reality that the daytrader is not needed by this market, the fact that you can trade & make money is a luxury not a necessity. Sorry to break it to you, but the real volume is not short-term trading but the sucker money put into pensions & mutual funds, who will not be affected significantly by this tax. After all, it's OPM, the managers still get paid to do pretty much nothing. Best of all, now they have another excuse for subpar returns.
The Wall Street giants will get exemptions for market making activities, just like they did for naked shorting. You writing to senators and such means jack shit. What happened with TARP is a prime example of that. Once you recognize this fact, you might actually have a chance to see what real course of action needs to be taken and attack some of the real problems at hand, which span way beyond the daytrading universe.
