Transaction Tax Bill has now been introduced

i fully agree that there will be a lot of resistence

but never underestimate how brutal these people can be

H-1b taught me a tough lession - congress destroys innocent people all the time

 

This guy would have more luck introducing a bill that will fund a Bigfoot expedition.

 

+1

We need a thumbs up/down feature like Market Watch.

 

Isn't that already in Obama's stimulus bill?

 

Quote from BondTrader50:
This guy would have more luck introducing a bill that will fund a Bigfoot expedition.


Quote from erlewine:
Isn't that already in Obama's stimulus bill?




Finally, some taxpayer money that's not being wasted!

 

Resistance . . .

 

I believe it. There's no end to the stupidity of the plebes. They honestly believe that destroying the people who reduce their risk by providing liquidity will make all the dumb fucks winners. A part of me hopes they get what they ask for because smart people will leave the country and make money elsewhere and they'll be left to dig their outhouses as their standard of living declines a couple of centuries. It's happened before.

 

I keep trying to figure out how the CME would survive a 4000% increase to its participants' cost of doing business.

1 ES contract would go from costing $5 commission to $200 round trip ($1000 for the big S&P). How can the exchange survive this, and would Obama, Hillary, and others with ties to Illinois really let it happen?

 

Why "Transaction Tax - Sign the Petition!!!!!!!" thread was moved to chit-chat?

 

Because there are threads all over ET now with this. One more was not needed. Look in "Career Trader" for some.