You really think the market would sell off big based on some guys on ET discussing a 0.20% tax when it's an already known possibility?
#1 reason I'm not voting Biden = ftt Democrats will raise taxes and a ftt may kill active trading. Fcking leeches with parasitic taxes
"Likely" Will depend a lot on how the House and Senate races playout. A strong showing by the Dems will result in a lot of reform and rollbacks.
Not sure what you mean but yes US stocks are the most traded in the world, and not every other international stock market has a FTT.
I'm not talking about specifically here on ET, I never did. I simply stated, "Such speculation about the .2% is dangerous." Capillary action and whatnot.
I think you're right here with the balance in the House and Senate key to a strong opposition to a FTT, Biden and Harris can't get this done alone. Hopefully there's also a huge pushback from the exchanges/brokers/banks/hedge funds to block it or reduce it.
Agree to disagree, this is a forum for discussing trading tax related issues and that's what I'm doing here, highly doubt we on here have any material effect on a $300 Billion dollar a day market from discussing a potential tax amount.
Wall Street donated 5 times as much to Biden as they did to Trump. a) They expect Biden to remember that, and b) they don't seriously think that Biden would put their business in Jeopardy. https://www.cnn.com/2020/09/25/business/trump-biden-wall-street-campaign-donations/index.html
Or they fear they will, so there trying to buy him, Trumps got the Fed to pump how many TRILLIONS into the markets to keep it up which had made them all very rich, why not just back Trump?? Because they likely know, Trumps got no chance!