Robinhood proposes an FTT tax. 001. FTT is never dead.

Discussion in 'Wall St. News' started by zdreg, Feb 9, 2021.

  1. zdreg

    zdreg

    I heard this on CNBC. Robinhood claims they are coming up with a new business model. Other sources have not confirmed yet. First Robinhood screwed their own customers. Now they want to screw professional day traders, who mostly exist at other firms but not at RH.
     
  2. I just hear about Robinhood restricted platform to make new deposit due to Gamestop stock price movement not like as usual, the cause is a community in Wallstrreetbets Reddit
     
  3. Cuddles

    Cuddles

    There's pro day traders on RH?
     
  4. It'd be very easy to put an end to that place.
     
  5. zdreg

    zdreg

    how?
     
  6. CET

    CET

    The Robin Hood tax has nothing to do with Robinhood the brokerage unless they are changing from a free trading model. It was just reported on CNBC that Robinhood is preparing to lobby against any financial transaction tax.

    https://www.robinhoodtax.org/

    The Robin Hood Tax is a tiny financial transaction tax on Wall Street (less than one half of 1%) that could generate $300 billion annually. It will kickstart the economy by funding College For All, creating jobs, and strengthening public services like healthcare, education, and infrastructure at home — while tackling AIDS, global health, poverty, and climate challenges around the world.
     
    Last edited: Feb 9, 2021
    ET180 likes this.
  7. zdreg

    zdreg

    It was just reported on CNBC that Robinhood is preparing to lobby against any financial transaction tax.""
    It is possible my hearing is gone. I heard the exact opposite one minute ago. Is the word "against" a typo?
     
    Clubber Lang likes this.
  8. Fuck those roaches. How about we all propose a small stumbling block to all those fucking liberal moochers that would drive them all out of their 9-5 paper shuffling jobs. Really fed up with all those left wingers who always first point fingers at others but never themselves make the first move. Always someone else needs to pay more taxes, be more tolerant,... All the while they are nazis towards everyone else.

     
    gkishot likes this.
  9. ET180

    ET180

    Based on the charting capability of their mobile app, I would guess no.
     
  10. ET180

    ET180

    Yes, this existed long before I heard of the RH broker.
     
    #10     Feb 9, 2021