If it get passed the I can't imagine there being more than a handful of profitable traders in the US. Its hard enough as it is, but forget about it with the govt taking 1/4 percent ALL trades.
Socialists always have to have someone to blame when socialism inevitably creates poverty. That someone is inevitably speculators. The New York Times writers have been harping about the need to dampen speculation ever since this crisis started. People that they influence now run things. After their stimulus fails, do you think they will take responsibility? As I said, they have to have someone to blame.....
You cannot be serious. The articles written by mass media are meant to program the masses not those who run things. The idea is getting more attention so that it can become reality in a smooth transition What are you talking about? The point of this tax is to push the average trader out of business and have him join Obama nation while Wall Street insiders get to dominate daytrading again.
lets be honest there. majority or 80% market pacticipants are speculators ore borderline gamblers in the financial markets. gambling tax there are more traders than ever. and cause volatility. increase traders caused the bubble 2000 and bubble in China's market. and with bubbles comes crashes(market corrections).
No. Just No. You don't get it. I hope you are kidding but it doesnt sound like you are. Daytraders caused this bubble? Uh, NO.
This tax will never get beyond the discussion stage. In fact, the main one's discussing it are a bunch of douche bag, liberal economists who couldn't hit water if they fell out of a boat.