Thank you for posting this Bill. I've been posting this link at all the blog I read daily. Yours too, but you beat me to it! Anyway, thanks again for posting this. This bill MUST BE STOPPED! I don't know what are they thinking? They think they can get 150 billion from this? They think trader's are stupid? They will just wipe away daytraders and short term traders and at the same time SUCK ALL THE LIQUIDITY out of the system which will make the market even more volitile! What a bunch of dumb MF!
even on the remote chance this passes the House, the bill will die in the Senate. No way Schumer (and most Dems) + Republicans will allow this to happen.
The DJX and SPX closed at 9625 and 1006 on November fourth, the day that Obama was elected President. These levels were never reached again and the DJX and SPX closed down 22.4% and 22.6% since November fourth. The DJX and SPX closed down 47.3% and 50.3% since their October 9, 2007 highs. Economic factors and technical indicators may result in the DJX and SPX closing below 7000 and 750. Why is a new trader tax required?
Thank you for posting this Bill. I've been posting this link at all the blog I read daily. Yours too, but you beat me to it! Anyway, thanks again for posting this. This bill MUST BE STOPPED! I don't know what are they thinking? They think they can get 150 billion from this? They think trader's are stupid? They will just wipe away daytraders and short term traders and at the same time SUCK ALL THE LIQUIDITY out of the system which will make the market even more volitile! What a bunch of dumb MF!
ReplyDeleteI signed eagerly, but balked at paying $9.
ReplyDeleteemail had to suffice.
even on the remote chance this passes the House, the bill will die in the Senate. No way Schumer (and most Dems) + Republicans will allow this to happen.
ReplyDeletePS, as NYS/NYC live or die via the taxes generated by the broker-dealers.
ReplyDeleteThe DJX and SPX closed at 9625 and 1006 on November fourth, the day that Obama was elected President. These levels were never reached again and the DJX and SPX closed down 22.4% and 22.6% since November fourth. The DJX and SPX closed down 47.3% and 50.3% since their October 9, 2007 highs. Economic factors and technical indicators may result in the DJX and SPX closing below 7000 and 750.
ReplyDeleteWhy is a new trader tax required?