thanks for presenting a different perspective. from time to time it is necessary to provide the numbers that would show that even the smallest proposed ftt would put prop stock traders out of business.
http://www.lowtax.net/asp/story/front/Germanys_Steinbrck_Slams_FTT_Delays____61723.html "Due to the ongoing delays, the German Government now expects that the FTT will not now enter into force before 2015, although most likely will apply in 2016."
this article so f** up on so many levels.. but before all this -i like to see gvt CUTTING the spending. and study the effect on those taxes in countries above. what a dumb**ts..it would be also nice(since they referring to 'wall streeters')that the tax should be applied to everyone EXCEPT the retail. this would make SOME sense. yeah..and let's see what GS will say in this case to this dumb**ck defazio..but..it's ain't going to happens and one again, if they enforce FTT-we,the retailers will be the ones,who will(or not) foot the bill. the problem is (for those,who expect a cool 300+B)-they won't see it. retail is gone already long time ago. what you are going to see(in exchange for a few M's into the budget from this FTT scam) is lower volume,les liquidity,wider spreads . the spreds will be so f** wide that those dumbf**ks at SEC with their 5% halt rule will be halting damn stocks all day long. what a bunch of morons. on every f** level. sad and pathetic to see the mad man at work nice comparison to a sales tax. idiotic
Aye, sales tax is corporate tax now, those pushing this have not got the slightest bit wiser in what, 2-3 freaking years? Its been quiet lately but reading a pro article, the simple minded thinking applied to such an issue still makes me cringe, hard.