Transaction Tax Bill has now been introduced

Discussion in 'Trading' started by Bullet, Feb 18, 2009.

  1. Cesko

    Cesko

    Man you are so thick. Do not bother to respond you just started my ignore list. Too dumb to be bothered with.
     
    #181     Feb 19, 2009

  2. Hey Knucklehead,

    it's the CFTC's job to regulate the futures markets against manipulation. That's why they were set up by Congress.

    ANYONE who defends this ill-conceived bill should have their head examined - they are either COGNITIVELY IMPAIRED or UNFAMILIAR WITH THE FACTS.

    --HAROLD
     
    #182     Feb 19, 2009
  3. jaley

    jaley

    you trade it on the krx directly

    the two false statements, i dont see anything about the cme in there.
    whether the rest of the article is about the cme or not is irrelevant
     
    #183     Feb 19, 2009
  4. The bill has no chance for a million different reasons.
     
    #184     Feb 19, 2009
  5. lpchad

    lpchad

    Please advise.
     
    #185     Feb 19, 2009
  6. Agreed
     
    #186     Feb 19, 2009
  7. it's also the pricipal of capriciously depriving people of livelyhoods without cause

    congress has been doing this violently since 1990

    the most illiquid investment of all is a career investment

    NAFTA, MFN-China -> destroyed manufacting jobs

    Illegal immigration -> destroyed construction, meatpacking etc jobs - jobs that weret great, but an hoest man could give kids a workeing class life - better than nothing

    1997 era "No problem - everyone can just retrain for computers - we'll be a service economy"

    then came this great quote from wes clark in the 2004 primary debate

    "Let them do the software in India, we'll do other things in this country" remark. This absolutely stunned people. Clark might as well have put up billboards saying,
    "Clark to Programmers: Drop Dead."

    (and manufacturing people, if you just graduated with your computer sicence degree, 'sorry about that Chief')

    http://www.cs.ucdavis.edu/~matloff/Archive/Clark.txt

    could we have a little more detail on what the 'other things' are?

    in the 2004 debate, both bush and kerry gave suggestions that people with masters degrees in technical fiels could just go to a community college, take a course and start their new careers

    former fed res guy alan blinder admitted this labor model could wipe out up to 40 million white collar jobs

    and now they're going to blow away everything anyone has invested in trading, without any analysis whatsoever

    some might say 'but you were for all that globalism stuff'

    I WASNT - starting with perot in 1992 - i knew where it would take us - right here

    retrain, retrain, retrain, you can just retrain

    FOR WHAT?!?!?!
     
    #187     Feb 19, 2009
  8. Too much money against it for one.

    Business will move elsewhere.

    Other countries would like to see this for sure.

    many more
     
    #188     Feb 19, 2009
  9. Short or long term traders/investors that lose money believe that the only cause of their loss is that the market is rigged or manipulated. They believe they could finally make money if only short selling was banned or, if you can even believe it, if taxes were increased, etc.
     
    #189     Feb 19, 2009
  10. All publicly traded companies would be against it.
     
    #190     Feb 19, 2009