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

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vicirek

Registered: Dec 2011
Posts: 386

01-15-12 08:22 PM

The core of western economy success was free flow of capital. Capital gains are already taxed and for active traders it is taxed as income. FFT is double tax and it taxes FLOW of capital. FFT restricts free economy and changes capital into government budget. Most importantly where there is tax there is an exemption because it is politicians rackett. Guess what is exempted already: trading government bonds. What they want is to suck all the capital from free markets to fund government waste. Then they will exempt all bond dealer banks (the big ones) because they warehouse and distribute government bonds. All the "good things" FFT will be spent for is just cover up and all the propaganda surrounding it seems to work looking at some of the opinions expressed. Always follow the money !

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bwolinsky

Registered: Jul 2008
Posts: 4589

01-15-12 08:43 PM

Quote from gkishot:

Transaction tax is totally not the same as doubling or tripling of commission. This is more equivalent to increasing buy/sell spread, where loss on transaction is percent of position amount.

Yes, that's correct when it comes to the real cost of the tax is not just a simple doubling or tripling of commission. It's significantly larger with proposed transaction tax rates from 0.005% to 0.5%. Introducing such a tax that differs from country to country will help the Brits out more than those idiotic religious fanatics and socialists Merkel's trying to appease.

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seasideheights

Registered: Aug 2004
Posts: 974

01-15-12 08:50 PM

how about nasdaq stocks purchased via ARCA?

how about nasdaq stocks purchased via NSDQ where the counterpary is ARCA?

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southbeach4me

Registered: Jun 2009
Posts: 885

01-15-12 09:36 PM

Would you people stop talking about the transaction tax here in the USA .....its NOT going to happen !!

the U.S govt (especially the GOP led House in Congress) will kill it instantaneously.

Do you dumbasses really think Merkel has the power to do that?...LOL

IDIOTS !!

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dealmaker

Registered: Dec 2006
Posts: 616

01-15-12 09:39 PM

Quote from southbeach4me:

Would you people stop talking about the transaction tax here in the USA .....its NOT going to happen !!

the U.S govt (especially the GOP led House in Congress) will kill it instantaneously.

Do you dumbasses really think Merkel has the power to do that?...LOL

IDIOTS !!

Agreed!

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failed_trad3r

Registered: Oct 2009
Posts: 1615

01-15-12 11:11 PM

Quote from gkishot:

Transaction tax is totally not the same as doubling or tripling of commission. This is more equivalent to increasing buy/sell spread, where loss on transaction is percent of position amount.

maybe not. if fills today are worser due to HFT frontrunning, bid/ask spread might widen but in reality go smaller. Yes you will literally see it widen, but these spreads can effectual be smaller without HFT frontrunning. this is my hypothesis. HFT disappear, and investor won't notice much difference at all because they stop losing money to frontrunning order flow HFT. That said, daytraders will die.

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