.........So, who really gets hurt by this proposal? In the end itâs the individual investor.â No need to be smart to figure it out.
Democrats don't give a shit about anything but controlling the masses. My only hope is since they are easy to bribe that someone will come up with money to pay them off.
Maybe we shall move to trade in China. No capital gain tax there as far as I know. transaction tax is 0.1%, only charged when you buy. its said they are going to lower tax rate further.
there have been posts that have shown the cost of .1% would bankrupt a leveraged trader within 6 months to a year if he just breaks even from the market including commissions. yet these ridiculous posts with ridiculous solutions are still put up.
I think DeFazio is rather a bad guy not because he is working for Al Capone, but because, his personal lobbist could be probably Al Qaeda (since 2000). It can explains everything. Otherwise I would assume that the honorable member of Congress is not comfortable with the very basics of trivial arithmetics and devastating cumulative effect of "tiny" %%.
Duh. London already has a transaction tax. Frankfurt abolished their transaction tax in 1991, but the Social Democrat Party is currently proposing bringing it back. The SPD trails the CDU by about 10 percentage points in the polls. http://66.218.69.11/search/cache?ei...ax+taxes+london&d=S6NCCZ2uSX39&icp=1&.intl=us NYC Independent Budget Office Effects of Reviving NY Stock Transfer Tax "Revenues and Risks" Nov. 2003