While it would have to go through legislative channels in those respective countries, bear in mind that they (as far as I know) do not have a...
Great posting. Most people currently hate "Wall Street" and they naively think this tax will hit "Wall Street" where it hurts. In reality, the big...
If is concerned about oil in particular, when why tax all equity transactions? Furthermore, I find it amusing that DeFazio had so many...
Just to be clear; nobody will exempt from its consequences. With lower volume, bid and ask spreads will result in a less efficient market and...
Yup. And the government will also lose income taxes from all the jobs that are bound to be lost in the retail trade sector from firms such as...
You do realize that this trader tax won't be the only tax you will be hit with. As volume declines, the bid ask spreads will widen. This will mean...
So far three Democrats in the House has said they are opposed to it. Schumer in the Senate has said he is against it. I have not heard anything...
If they are, I wish they would speak out. As it is, we have for the most part had a media frenzy for this tax, including CNBC.
We don't necessarily have to win in 2010. The key thing will be to get additional senate seats in 2010, thus being able to much easier enforce a...
From the same article, Harkin is quoted as saying: <i>ââ¬ÅI donââ¬â¢t look upon it as any kind of way of punishment or anything like...
But that's just it; this tax will hurt liquidity to such an extent that bid ask spreads will be so large that retirement accounts won't escape the...
Amen to that. It would have been a heck of lot easier for him to do whatever his own party wanted to do. At least he had guts to stand up to them....
Good point!
I do hope Obama/Geithner stands tough on this tough. From what I understand they are getting a lot pressure from his own party. They could also...
In this article, Pelosi stated she is opposed to DeFazio's bill, while she is open to the concept of a tax. In other words, it sounds like she is...
Wouldn't it then be easy to avoid this tax for just about everybody? If the limit is $50,000 and you want to make a $100,000 transaction, you...
Yes, using a transaction tax to slow down speculation worked so well during the 1929 crash didn't? We had a 0.20% transaction tax then, not all...
Then why did Sweden's seven year attempt with transaction taxes fail? Volume moved to markets abroad...
You make it sound like the only tax that will hit long-term investors is the 0.25% tax. When liquidity dries up as it will (most traders will go...
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