The idea of ftt will never die. it is a desperate grab for revenue with projections that are never realized. It will kill off retail traders including hft traders. once instituted it is never rescinded. India has talked for years of revoking it. it has never happened.
As you have previously stated, in the states the door remains wide open to logic, in the end all they will have to push this with is talk of 50 billion out of thin air which needs to be deconstructed. As for europe there is no hope, the germans have bills for you to pay.
the republicans are overconfident about future elections. work is becoming less rewarding when compared to receiving a check from the gov't, free health care, food stamps and other perks. the bills have to be paid. therefore an FTT will sound attractive to legislators even though the amount raised will be negligible and illusionary. the conclusion is that the FTT is not sidetracked.
to say it is not sidetracked is a given. there will always be politicians and left wing economists who will make trial balloons.
With all due respect what is your point? I posted the latest news on the American front which is inline with the purpose of this thread, at page 1147 we are all aware its an idea that will not die though its not sidetracked in the state states because its never even got on track in the states.
Proponents of the tax may not go for open discussion and legislate it as a footnote to another spending bill when everyone is asleep. When you wake up you have to pay.
You think that you are aware. This is not about taxation. This is about control and politics if you missed Lerner case. Trading is about free economy. Not everybody likes that.