So if it happens this way basically the only people paying the tax will be the mom and pop investors. lol
yeah i agree with you on the political environment thing, but theres not a chance in hell they will make market makers pay it. Someones gotta be exempt..and from there starts the swap business. In fact i would say theres a bunch of swap/cfd brokers already analysing the business
Agreed! I also think the odds of this tax being placed on us is very slim, but with a Democrat in office, this still causes me some concern. If Obama needs to generate more tax revenues for all these zillion dollar bailouts, I would rather have him jack up all federal tax brackets than impose something like this.
Well what do you expect man, that Defazio and his groupies with down syndrome actually thought this through?
So pretend to punish those who were responsible by punishing those who were not while exempting the real culprits and the bulk of the transactions that would provide revenue? I don't think we've reached that level of stupidity yet.
Problem with cfds is ( not sure, never traded it ) is that you cannot provide liquidity. It doesn't make sense to trade it unless the "house" make errors.Definitely not the solution.