Transaction Tax Bill has now been introduced

What's funnier is the fool (anaconda) who came up with the conspiracy theory. What's even funnier than that is the bigger fool (you) who believes it.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2313151>

 

That's because you see yourself as a helpless victim. Maybe you would be better off on welfare.

 

hey math wiz, i have a proposition for you

I'll flip a penny 3 times

if it's tails 2 out of 3 times, i'll put a bullet in one chamber of a 6 shooter, spin, it and slap it shut

then you pick it up, put it to your head and pull the trigger

why not? it's only about a 5.5% chance?

waddaya worried about?

 

Taiwan is rumored to be lowering their transaction tax:

http://www.chinapost.com.tw/business/asia/b-taiwan/2009/02/20/196918/Stocks-move.htm

Yea, I know, just a rumor... but still nice to hear.

+-*/ Math_Wiz

 

Wouldn't that be giving a pass to "Wall Street" at the expense of the public, which would seem to be the exact opposite of the bill's stated intention?

 

Anaconda = troll trying to incite panic among traders here with his insipid conspiracy theories.

 

If worst came to the worst, there are still alternatives to completely avoid paying the tax altogether.

The alternatives are, trade other markets in other countries.

Take Stocks for example. There used to be stamp duties or a transaction tax in Australia and this was abolished 4-5 years ago. So if the US introduces this tax, US traders will be more than welcome to the Australian Market.

With futures, instead of trading ES NQ and TY, why not trade the Dax, SMI, Stoxx50, Bunds, Footsie, Cac, Australian Spi, and Futures in Asia where there are no transaction taxes.

Congress should be alerted to the fact that at the present time, there are thousands of traders outside the US who trade US Futures and Stocks and Options. Be assured, that if this tax is introduced, we will completely abandon any trading in the US. That is a promise!

For US traders, if this tax is introduced, the only downside is that they will have to adjust their sleeping patterns so that they can trade other markets around the world where there are no transaction taxes!

 

You are wrong. If this tax goes through, they would make US citizens pay regardless which exchange you trade at.

 

Again, that can be easily overcome. US Traders could set up companies in a another country and trade through that vehicle.