Transaction Tax Bill has now been introduced

Not sure if anyone posted this yet. Here's a petition against this transaction tax. Several thousand people already signed it. Lets get a few thousand more.

Use the option on the bottom left to email it to the Congress. It's free, takes 30 seconds.

http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/

 

Excellent point!

 

Just heard they are trying to stick it into some healthcare proposal.
See the link below. I haven't had a chance to go through it yet.

http://www.govtrack.us/congress/billtext.xpd?bill=h111-676

 

as someone who has fought immigration the disaster, I can fully understand the rage people have in that petition

but anyone who thinks insulting them (in the petition) helps the cause, I'm telling you it will only make them want to stick it to you

Keep it constructive folks, an articulate rational of why it will be counterproductive

 

swtrader,

The petition does not insult anyone! you might writing about people who post comments in addition to the petition and you have a point there.

 

that's what i'm talking about - some of the comments were making sexual references about the house leadership

if any of you have ever looked in the capitolist blog (anonymous capital blog, that will only accept capital hill IP address - ie, staff) these pople HATE their constituants

they will use anything they can to 'get even'

http://www.thecapitolist.com/

 

If this tax passes without exemptions, the daytraders, and the rest of the country, will have some serious sh*t to deal with, dwarfing the crying in this thread.

Wall Street lobbies heavily and has been lobbying for a long time. So do the exchanges, which have Wall Street ownership. So do the bigger hedge funds. Either this passes with exemptions & advantages to them (which is the preferred choice), or they will fight it at all costs.

 

we have no controll over those people, so let's pass this petition around and write something intelegent or simply sign your name.

 

So what are you saying? You don't think Barney Frank is super sexy? [blech!!]

 

If it passes, it won't pass without exemptions. If it does pass without exemptions, they will soon write in exemptions. If neither happens, then market makers will widen their markets and get the SEC & CFTA to create regulations that reduces competition even more to compensate them for the additional tax or they'll figure out another way to make the customer pay the tax. At the end of the day, as usual, the retail investor will get screwed the most.