Transaction Tax Bill has now been introduced

Quote from Lon Eagle:

I think if this happens, then it will be a global G8 or 20 plan to stop what you suggest.
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Like there was a G8 with the USA when UK decided to create the "stamp tax" and France "l'impot de bourse"...

If it passes, it's not because the US decide to be dumb and create a tax that everybody has to do so.

The winner will simply be the country smart enough to make evil speculators come.
 
Quote from Shagi:

Keeping things real - There is too much panic, this bill will never become reality. Think about it, it would destroy the industry completely and such selective tax punishment can and will be contensted.
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i beg to differ - i lived through H-1b visa

in 1998, guys like you said the exact same thing

what was to come was beyond even the worst pessemist's nightmare - they just took one group of people who'd done nothing wrong (who actually had done everything they were 'supposed to' do), out to the wood shed and relentlessly knocked the crap out of them for the next 10 years
 
Quote from tomahawk:

Wouldn't that be giving a pass to "Wall Street" at the expense of the public, which would seem to be the exact opposite of the bill's stated intention?
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You mean just like with naked shorting rules? Or decimalization? Or outlawing bullets? Or just about any piece of legislation affecting any industry that does opposite of the stated intent?

As long as people keep blowing it off as "stupid policies by stupid politicians", this game will continue and laws meant to benefit a few elite at the expense of most will get by under other pretenses.
 
Quote from swtrader:

i beg to differ - i lived through H-1b visa

in 1998, guys like you said the exact same thing

what was to come was beyond even the worst pessemist's nightmare - they just took one group of people who'd done nothing wrong (who actually had done everything they were 'supposed to' do), out to the wood shed and relentlessly knocked the crap out of them for the next 10 years
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Its like saying tax pizza and french fries and takeaway businesses for making many folks fat and costing the nation trillions in avoidable health care problems.

Any lawyer who knows his $0.02 can make mince meat of this as a constitutional argument.
 
Once again, posters with the lowest number of posts make the best contributions( or in this case carry the good news )... I hope you ( and he ) are right.
 
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