Just wanted to alert everyone as surprisingly I haven't seen any mention of it on ET yet. WSJ article from Saturday October 10 on how the 0.1-0.5% transaction tax seems to be picking up steam with Democrats, European countries, the World Bank, the IMF, etc: http://online.wsj.com/article/SB125512957855977163.html?mod=WSJ_hps_LEFTWhatsNews Otherwise, the other thread on this subject that has already been started in the "Wall St News" sub-forum is probably a better place to discuss it. I just think its amazing how disingenuous these politicians (and the AFL-CIO) are in targeting the so-called financial industry. Everyone, including all middle class Americans with an IRA or 401K, will be affected by this to the tune of 0.5% or more each year (0.25% a trade adds up quick). Are most Americans earning such a high return that they are happy to part with the unneeded 0.5% or more? I understand that financial industry lobbyists may (or should) take up the fight, but I think what really needs to happen is that the American public needs to be alerted that the returns on their already severely damaged IRAs and 401ks will be drastically reduced by this tax on the so-called "financial industry." Also, when did the AFL-CIO start running the country? Can't we target the AFL-CIO for something? I wish I could say otherwise, but it seems like this is not going to end well for the evil middle-class people trading stocks at home and who also work hard at their normal jobs and who for the most part have nothing to do with the financial industry.