I'm no longer worried about this. With the Republicans in full control of Congress for the next 10 years(at least), plus Hilary Clinton's support of Wall Street, and the republican candidites, combined with actual common sense and logic, this will never go through. The UK is also a conservative majority and there's no chance of the eurozone ftt any longer. France and Italy will come to the realization that other countries don't want to destroy there own economic infrastructure and cause a depression(go figure?), and ultimately this tax will never come to the USA, Canada, or UK, or ANY leading economy any time soon(over the next 20 years or so). The robin hood tax morons are beating a dead horse, it's fucking dead. Let it decompose and move on, your idea was emotionally driven and foolish, and studying how it impacts markets, now we all know it's foolish(everyone who looks into it). Moving on......
There is a new Transaction Tax Proposal that has been put on the table in the Senate. Transaction tax on stock trades in return for FREE college for all Americans. This will gain traction with the general public & be part of the Presidential debates. The visibility of the idea will be very high, which is EXACTLY the opposite of what we need. This transaction tax idea can never be totally knocked off the table for good, when it reappears we jump into the Reader Comment sections of the online news articles to ensure our point of view is heard as well. That was the original intent of this thread & why it still exists. Please consider going to the following link & responding in the Reader Comment Sections of the articles written about this tax and offering your viewpoint as well. At risk is your livelihood. Here is the link. https://www.google.com/?gws_rd=ssl#q=sanders+college+transaction+tax&tbm=nws
"Sanders’ proposal has little chance of succeeding in Congress, but it provides him with another opportunity to contrast himself with Clinton and potentially to exert some leftward pressure on her campaign platform." Just been through all this crap in the uk with miliband proposing policy's he knew would cause great damage just to further his chances of gaining power, the issue is currently dead in Europe, looks set to be a lot of bleeding heart noise about it in the states for the next two dam years
I think all (US) traders should be putting money into retirement accounts. Since these are generally cash accounts, your minimum realistic holding time is going to be around 4 days or so. And so running your IRA should eventually give them practice.
Remember to keep it up in the comment sections if you have time, I am seeing a lot of comments under news articles about bernie sanders "with just a tiny tiny tax on transactions which no one will notice we can send every one to university for free, its a no brainer, who could be against it" etc Keep it coming with the information showing every one pays, from pensions to a can of coke, no consumer escapes.
Is Sanders the main one pushing the FTT right now? Since he's 73, realistically how much longer will he be able to carry this torch? I'm not seeing anyone else (with any influence) talking up the FTT.
No one knows who Bernie Sanders is and once they get to see him he will become a laughing stock. Once you peel back the populism his policies will look rediculous. He has a roughly 3-5% chance of winning the nomination and then a 30% chance he could win the general. The U.S. isnt ready to elect a socialist IMO.
We did elect a socialist (he sold socialism to get elected). He's in the White House (or more likely on a golf course somewhere).
"Appealing to working families in her first major campaign speech, U.S. Democratic presidential candidate Hillary Clinton said on Saturday she would rewrite the U.S. tax code if she is elected so that it rewards hard work, and not quick equities trades ...." http://nypost.com/2015/06/14/hillary-touts-girl-power-fair-paychecks-at-campaign-rally/
It's great to know that we have Mr. & Mrs. Everyman looking out for us. Did she say what she would do about guys who charge public universities half a million dollars to give a 45 min speech?