first of all you would be paying it up the ass for fills on stocks, volatility would be all over the place because of lack of liquidity. and by the way there was plenty of daytrading going on in the early 80s and especially early 90s, the avg joe just wasnt involved as much yet, the big boys still held fort in that game. average investors dont understand how the playing field has leveled to the point of getting professional executions. if you want you can go back to the old days example would be you want to buy xyz stock 1000 shares bid 48.25 ask 50.10 you take 1000 at 50.10 now your down 2k plus you paid an extra 125 on top of your brokers commission of another 200 bux. you got to remember now discount brokers are no more so were back to the wild west days of screwing the little man with crazy commissions. you see to me this is taking 8 steps back and no steps forward. i am sick and tired of fees fees and even more fees you obviously havent thought this through.
IMHO, the last two Republicans worthy of any respect were Eisenhower and Teddy Roosevelt. Today's Republicans have been co-opted by the neocons, they're much more dangerous than any Democrat could ever be.
I wouldn't count on 4 years if Obama gets elected and the sheeple are definitely stupid enough to put him in office. The unholy trinity of Obama, Pelosi, and Reid could easily tax trades in the name of "stabilizing the markets by clamping down on speculation." Democrats never met a tax they didn't like and will come up with all kinds of new taxes to "benefit" the sheeple.
I pray to god republicans win seats back in the house and senate this fall. At least we'll have some gridlock and things wont pass very easily. Please everyone pray with me the republicans take back control of congress if dems take the white house. Congress approval rating is at a historic low of around 14%. wow.
first of all you would be paying it up the ass for fills on stocks, volatility would be all over the place because of lack of liquidity. and by the way there was plenty of daytrading going on in the early 80s and especially early 90s, the avg joe just wasnt involved as much yet, the big boys still held fort in that game. average investors dont understand how the playing field has leveled to the point of getting professional executions. if you want you can go back to the old days example would be you want to buy xyz stock 1000 shares bid 48.25 ask 50.10 you take 1000 at 50.10 now your down 2k plus you paid an extra 125 on top of your brokers commission of another 200 bux. you got to remember now discount brokers are no more so were back to the wild west days of screwing the little man with crazy commissions. you see to me this is taking 8 steps back and no steps forward. i am sick and tired of fees fees and even more fees you obviously havent thought this through. ........................................................... Exactly.....The real cost of trading was narrowed many times over because of direct access....and the NYSE/Nasdaq/MMs were pissed to no end that Joe Public could get between the bid ask without them..... Solely because of daytraders efforts which fought the fat boys and won because of efficiency.... Pension plans reduced commissions paid to big firms dramatically because of what daytraders did to the fat commission and spreads game...... The typical real cost moved down to the point that it literally changed the brokerage business forever in that there was no longer money to be made in commissions..... But this is how democraps think...they do not think it through....and as it turns out Bush is the best tool the democraps have to change the US into a socialist state..... Less is more...... If the US were to adopt a 10% consumption tax, the tax revenue in the US would increase many times over..... It is the sheer stupidity just like this last commentor that would rather pay out 10x just because it makes sense to their stupid minds.... Ok go ahead and pay 10x... In economics it is called snob appeal.....I want to pay 10x just because it makes me a democrap.... This guy is a perfect example of democrap stupidity..... The bailout problem is a house price problem..... Over the years there were all sorts of housing inducements mostly organized by the democraps......and it was the greed of stupid republicans that exaggerated the problems.... Here is the problem guys, and for simplicity we will discuss the house price as if it were a stock.... Because of Greenspam and democrap housing policies the common joe house price got to $240. The idiot banks put 3 to 7% down and the price went down $70.....It is going to go down another $50.... The real opportunity is going to be between $120 to $170.....and those that pick up the $120 have a chance.... The sticking point here is that somebody eats the $240 vs $170....and the only way to get this back is through equity which would capitalize the $120 vs $170.....and could make the new holders some dough.... This is what is so funny about democraps ....they want to pay 10x what is necessary while they think they are paying 1x....and want to tax 1X so that they can pay 10x.... F'n morons..... Voting for a democrap is like voting for a Chavez......
So, you also, think the markets will behave the way you want by even more regulations and the markets do not really respond to economic conditions?
calm down, if the 16 idiots had to put it in a letter to the speaker, then those 16 are almost certainly not in on the talks of the formation of the bill in the first place so it wont make it in. goody789
Shouldn't cigarettes be taxed more to help pay for this? Cigarettes are always the first in line for tax increases. Add in booze and we solved the problem.