The only reference I can find from Obama regarding taxing transactions is from a July 22 speech in which he said this: "I think at minimum what we want to do is to make sure that to the extent the federal government is going to have to be a backstop, just like the Federal Deposit Insurance Corporation, what everybody's familiar with, FDIC -- the reason that when you put your deposits in your bank, you can have confidence that they're insurance, that's paid for through bank fees -- we may need to make sure that there is a similar mechanism in place for some of these other far-out transactions; so if you guys want to do them, then you got to put something into the kitty to make sure that if you screw up, it's not taxpayer dollars that have to pay for it, but it's dollars coming out of your profits." "And in terms of the last point that you made, which is the possibility of fees for transactions that we want to discourage, that is one of the ideas that is going to be working its way through the process." http://www.nytimes.com/2009/07/22/us/politics/22obama.transcript.html?pagewanted=all -Guru
What about Soros? When did he say that? Buffett is just a bull market hero that sat on his fat ass collecting dividends all his life. He knows he will die soon and try to buy his place in heaven with "good actions "... But Soros is a real trader... Today, trading has become one of the only industry where it is good, "socially useful" to sit on your money and collect dividends while doing nothing, as opposed to work and be active... Just think about that.
Soros has been advocating for a transaction tax this year! Its a shame when someone like Soros, a trader, comes out in favor of the tax. Sure he already made his billions so screw everyone else.
Obama, Hillary all of them want your money to support there socialist regime. Lets don't get fooled into thinking they don't want this tax. Believe me they want it along with as much as they can get away with taking. The only reason Obama may be cold to it is he does not believe he can get it and has his irons elsewhere. When Obama is done with us many people who hated Bush will be begging to go back to the Bush years where government did not poke its hand into every aspect of your life. Bush spent to much but it will pale in comparison to Obama and company. They will spend until they have to tax us everywhere possible. Problem is it will destroy us and destroy the tax base resulting in a vicious circle we can't dig out of. Better just hope the Republicans pick up enough seats in 2010 to stop the Democrats. Otherwise I fear the U.S. will never recover from the things they pass over the next 4 years. Want to see what the nations premier green energy city looks like. Take a look at Austin, TX where I live. We have a program called Green Choice where you can choose to be apart of a program where most of the energy you get is green. However, the program is not cost effective and will not work. It was supposed to be the shining example of how green can work. But it is failing so now the liberal controlled city council of Austin wants to force everyone to participate in the program knowing it will double everyones bill and the economies of scale still will not bring prices down. Green Choice is going to become Green Force. Force us to pay more because they think they know what is right for us.
http://wallstcheatsheet.com/knowled...action-tax-destroys-small-businesses/?p=4818/ SMB Capital partner thoughts on the tax
Video is about how the US is going to pay the Billions On Climate http://www.cnbc.com/id/15840232?video=1361585315&play=1
Sarko made a speech and he looked really upset, fearing nothing concrete would be done. "Who dare to say that african countries don't need this money? Who dare to say that we don't need an organism to control everyone's behaviour? Who dare to say that we don't need innovative financing,like a global transaction tax?" It may not be his exact words. However, he looked pissed and I am really happy when he is pissed.
Your from France right? When is the next election, I have seen rumors that Strauss Kahn will be a candidate in the next French election, have you heard that?
I haven't watched the video yet but did they mention how they are going to pay for it? Was the transaction tax mentioned? -Guru
Yes I am. I think Sarko was elected in 2007, so this moron is here 'til 2012. Strauss-Kahn may be the most likely candidate for PS. He is a socialist by heart but a pragmatic technician when it comes to the economy.I guess you don't land chief of the IMF for nothing. I remember that when he was finance minister for Jospin, my dad who was a conservative business owner was always saying that he made more sense about the economy and enterprises than most conservative politicians... He is a risk but compared to what we have now...