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Transaction Tax Bill has now been introduced
- Thread starter Bullet
- Start date
PLEASE VOTE NO FOR THE BILL BELOW
http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/
http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/
Quote from Klamath:
I was speaking of "active investors" who only turn their portfolio over a few times a year, not every day.
Not too many people are sympathetic to "speculators" who trade every day, but there are lots of people who buy RIMM for a couple of months, then sell it and buy BIDU etc etc. I'm just saying that we need to point out this tax will cost them a lot too.
Most idiots don't understand that those "speculators" provide the liquidity that improves their transactions costs and reduces their risk.
I used to be sympathetic to ma and pa investors until I realized they were the ones begging and screaming to pay up for more risk. Fuck 'em. If they want to pay more, we'll lobby for exemptions, widen our markets and let them pay.
Quote from proptrader12345:
PLEASE VOTE NO FOR THE BILL BELOW
http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/
bill introduced on friday the 13th
it's the only superstition i have
the clause of that email
"
Finally, such a tax will undoubtedly affect the number of shares traded on an absolute basis, thus reducing liquidity â a necessary ingredient in the effective pricing of assets. Itâs the complete lack of liquidity, for example, which made collateralized mortgage obligations effectively worthless."
which is absolutly true
the scary thing is, I learned from H-1b that people in that building will utterly destroy innocent people without even thinking for a moment what they are doing
great time to be looking for a new career - right in the middle of a fucking great depression
tradersboredom
Guest
trade forex move on.
Quote from Bullet:
Let Wall Street Pay for Wall Street's Bailout Act of 2009 (Introduced in House)
HR 1068 IH
To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program.
IN THE HOUSE OF REPRESENTATIVES
February 13, 2009
Mr. DEFAZIO (for himself, Mr. WELCH, Ms. SUTTON, Mr. CAPUANO, Mr. WU, Mr. STARK, Ms. DELAURO, and Ms. EDWARDS of Maryland) introduced the following bill; which was referred to the Committee on Ways and Means
http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.1068.IH:
Welcome to America...or at least what's left of it! How exactly did short term traders take down the financial system...oh yeah, from scalping GS and AAPL
tradersboredom
Guest
they don't introduce bills without consultation. i'm sure some insiders knew about this bill coming for a long time.
etrade sold and some future broker sold their business.
etrade sold and some future broker sold their business.
Quote from swtrader:
bill introduced on friday the 13th
it's the only superstition i have
the clause of that email
"
Finally, such a tax will undoubtedly affect the number of shares traded on an absolute basis, thus reducing liquidity â a necessary ingredient in the effective pricing of assets. Itâs the complete lack of liquidity, for example, which made collateralized mortgage obligations effectively worthless."
which is absolutly true
the scary thing is, I learned form H-1b that people in that bujilding will uterly destroy innocent people without even thinking for a moment what they are doing
great time to be looking for a new career - right in the middle of a fucking great depression
Let them do it , no more pumping and dumping. Just good old trading , pay and wait. No more naked shorting and manipulation , daytraders are fucked.
Peter DeFazio has sponsored 180 bills since Feb 4, 1991. of which 161 haven't made it out of committee and 10 were successfully enacted.
http://www.govtrack.us/congress/person.xpd?id=400100
http://www.govtrack.us/congress/person.xpd?id=400100
Plain and Simple.
If you want to crash the financials of every discount broker out there then pass this bill.
The only discount broker that will remain standing is probably IB.
Tons of daily transaction will come to a halt and so good buy Ameritrade, Etrade, Schwab or whomever.
Think About It.
If you want to crash the financials of every discount broker out there then pass this bill.
The only discount broker that will remain standing is probably IB.
Tons of daily transaction will come to a halt and so good buy Ameritrade, Etrade, Schwab or whomever.
Think About It.