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	Forums ›› Main ›› Wall St. News ›› It's official: Merkel seeks German F.T.T. at NYSE

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Random.Capital

Registered: Jan 2005
Posts: 3848

01-15-12 02:45 AM

Quote from JamesL:

Taxes rarely ever go to their intended purpose

Dollars are fungible. So are Euros.

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Random.Capital

Registered: Jan 2005
Posts: 3848

01-15-12 02:47 AM

Quote from tortoise:

by the way, "wall street," as you may know, has paid back its bailout money, with interest

Nonsense.

"Wall Street" hasn't even paid back yet the developing-debt backstops from 30 years ago.

This industry is based on an endless stream of handouts, and that needs to change, ASAP.

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KINGOFSHORTS

Registered: Sep 2007
Posts: 3554

01-15-12 02:47 AM

Quote from tortoise:

An exchange can impose whatever fees it wishes. There's no law against that.

Thats fine, I will never route orders to the NYSE.

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tortoise

Registered: Nov 2005
Posts: 2580

01-15-12 02:48 AM

Quote from Random.Capital:

Dollars are fungible. So are Euros.

Sorry, for a moment I was unsure whether or not to take you seriously. Thanks for clarifying.

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Random.Capital

Registered: Jan 2005
Posts: 3848

01-15-12 02:57 AM

No problem, always happy to help the ET socialists dressed in capitalist clothing.

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clacy

Registered: Sep 2006
Posts: 2411

01-15-12 03:01 AM

Quote from Random.Capital:

Dollars are fungible. So are Euros.

That's exactly the point!!!!

The revenue gained from a FTT would not be locked in some "lockbox" for the next financial meltdown. It would be spent gaining votes and political favors regardless. Then we would be right back to where we started.... needing to borrow to pay for whatever bailouts are called for.

There simply is not enough revenue for these greedy, leftist politicians. They will spend as much as they possibly can, via revenue and borrowing. The only way to stop them is to starve the beast.

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