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drukes1234
Registered: Aug 2002
Posts: 811 |
11-20-09 08:23 PM
Hopefully this doesn't come off the wrong way but there is A TON of garbage on ET due to there simply being a ton of idiots in the world but this thread has been so on top of this issue it's been really impressive. WSJ, DJ, European websites/papers keep re-hashing the same shit all the time while we're actually finding the fresh, NEW commentary on the subject so good on everyone here. Again though I'm just asking all of you to continue or start writing your congressman/senators and commenting on websites/blogs etc. It really has become part of my trading day to get out there and raise hell against this thing because it's simply part of my job now to ensure my job security by doing my part, I hope all of you do the same. Have a good weekend.
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seasideheights
Registered: Aug 2004
Posts: 645 |
11-20-09 08:28 PM
Quote from drukes1234:
Hopefully this doesn't come off the wrong way but there is A TON of garbage on ET due to there simply being a ton of idiots in the world but this thread has been so on top of this issue it's been really impressive. WSJ, DJ, European websites/papers keep re-hashing the same **** all the time while we're actually finding the fresh, NEW commentary on the subject so good on everyone here.
You'd be surprised at the number of influential people in the business who monitor this thread.
Reminder. Shortcut to this thread.
http://www.tinyurl.com/TransactionTax
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rsikit
Registered: Jan 2008
Posts: 652 |
11-20-09 08:40 PM
Quote from drukes1234:
Hopefully this doesn't come off the wrong way but there is A TON of garbage on ET due to there simply being a ton of idiots in the world but this thread has been so on top of this issue it's been really impressive. WSJ, DJ, European websites/papers keep re-hashing the same shit all the time while we're actually finding the fresh, NEW commentary on the subject so good on everyone here. Again though I'm just asking all of you to continue or start writing your congressman/senators and commenting on websites/blogs etc. It really has become part of my trading day to get out there and raise hell against this thing because it's simply part of my job now to ensure my job security by doing my part, I hope all of you do the same. Have a good weekend.
I agree, this is one of the most civil threads on ET and people actually get good info. I spend alot of my free time searching out articles and responding to them as well. I also write and rewrite my congress men and women along with senators. I have heard back so I know they are going through. You can email not just your reps but usually most reps have a place for non constituents, as I find people of importance I email them. Whether they are for or against the tax and different committees that our meaningful to our cause. Remember when your writing people to please be civil , not like we are on ET sometimes! Also when wrting you should mention you are a trader becuase we are proud of who we are but the focus of your arguments against the bill should be on the harm to mainstreet, the joblosses on mainstreet from the back lash effect of this. We keep to focus of mainstreet that should help. The legislators do not care about us traders in particular but they do care about the corporations losing jobs becuase we are out of work, as well as the effects on the economy this would have and tax revenue and what not. Thanks
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lindq
Registered: Mar 2002
Posts: 1948 |
11-20-09 09:10 PM
The rationale for this potential tax - as expoused by some in congress - is to help pay for the "jobs bill".
And proposals are to increase the portion of the jobs bill that is going to create jobs in building infrastructure. Roads and bridges.
So...very simply...the tax would transfer jobs from the financial industry to the construction industry, and into the hands of your local politicians and their road-building buddies.
This, folks, is the bottom line.
So I would suggest that when writing your congressmen, you remind them of the impact on jobs throughout the financial industry on main street, not just in major institutions on Wall Street.
(If anyone has a link to online courses in how to lay concrete, I would appreciate it.)
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