http://www.elitetrader.com/vb/showthread.php?s=&postid=3877631#post3877631 read this thread to find out about a stealth tax. this is the reason that no ftt tax no matter how ridiculously low should be allowed to come into existence.
The UK labour party leader was talking about wanting to cap retail energy bills a few days ago and also grabbing unused land. he was in full retard mode. he is totally owned by the unions and clueless about how markets work. If the guy ever gets his hands on power i wouldn't put it past him to try and join the euro ftt
Worse than, he knows the workings of nothing and his father was a Marxist, this class of politician are so far removed it turns my stomach and the public may well vote them in again. If he gets in I am leaving the country.
This board is older than the bull mkt at 5 yrs now. Outside a few nurses and some chatter here and there the transaction tax never really got any real push in this country. If they were going to do a tax it would have been done during this great bull run.