The only law written in stone is the law of God. Which is the Golden Rules : Don't do to some one else what you don't want him to do to you... The rest is only word... and when the wind blow strong enough noone can hear these kind of words... And be really carefull... the more you try to stand against the wind the stronger it become... Only trees know how to resist it... be wise enough.
I'm sorry for not being clear. My suggestion is that we focus on the issue at hand, transaction taxes and not on other political issues. After all, the name of the thread is "1/4% Tax on all stock trades pushed in NY Times today". All least that's what I intend to do.
Or 52 years, which is how long the first Transaction tax in this country lasted. I will be dead by the time the next transaction tax gets abolished. It is better not to have it enacted in the first place. I am surprised that some people on this thread seem to be so sure that it doesn't matter if this gets enacted or not since Republicans will eliminate it anyway in 2012. Since they didn't do it at anytime between 1914-1966, why do you think they will be in a rush to do it this time?
Dear Josef, Thank you for clarifying your thought on the subject. I clearly agree with you. PEACE However don't miss my point...
1)This tax won't affect non-US citizens 2)US citizens/corporations affected by this tax would move to foreign exchanges (particularly true for futures & options)
Democrats versus Republicans is like Andre the Giant versus Hulk Hogan. While the lights are on, it's an all out battle. But after the show, they are drinking together at the bar and collecting their checks from the same boss. Congrats on being the equivalent of the redneck who thinks the WWF rivalries are real.