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Search: Posts Made By: srgtroy

Forum: Traders Hideout

November 3rd, 2019, 04:47 PM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

Speaking of the EU, it looks like they are still...

Speaking of the EU, it looks like they are still trying, but have watered their FTT down significantly:
...

Forum: Traders Hideout

November 3rd, 2019, 03:07 AM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

Elizabeth Warren's Financial Transaction Tax...

Elizabeth Warren's Financial Transaction Tax Proposal (to help pay for her Medicare For All):

"Impose a tax on the purchase of most stocks, bonds, and other debt obligations of 0.1 percent of its...

Forum: Traders Hideout

March 6th, 2019, 09:57 PM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

Some on the extreme left probably do want to...

Some on the extreme left probably do want to destroy the capital markets and others may want to reform them but have no idea what they are actually doing and could destroy them by accident (as was...

Forum: Traders Hideout

March 6th, 2019, 04:56 AM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

Agree with you on all this. Problem is once the...

Agree with you on all this. Problem is once the pendulum swings all the way in one direction, it tends to swing back way past the balance point and all the way in the other direction.

From what...

Forum: Traders Hideout

March 6th, 2019, 03:19 AM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

Wall Street will fight it tooth and nail. They...

Wall Street will fight it tooth and nail. They told Hillary in 2016 that she would lose their support if she backed the FTT so she dropped it. An FTT that only applied to retail traders wouldn't...

Forum: Traders Hideout

March 6th, 2019, 03:10 AM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

I used to think an FTT would never get passed in...

I used to think an FTT would never get passed in America, that it was too capitalistic a society, but I don't know anymore. The Fed has turned the market into a racket that essentially dispenses...

Forum: Traders Hideout

February 9th, 2019, 01:22 AM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

Its good to know they have 'disaster' plans, but...

Its good to know they have 'disaster' plans, but its hard to imagine the NYSE, NASDAQ & CME moving off shore. I'm sure they would hope that just the threat of moving off shore would be enough to...

Forum: Traders Hideout

February 8th, 2019, 09:32 PM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

A few relevant articles: Federal Reserve...

A few relevant articles:

Federal Reserve Calls Income Inequality The Biggest Challenge In Next Ten Years...

Forum: Traders Hideout

February 8th, 2019, 06:44 AM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

I think they are talking primarily about...

I think they are talking primarily about stock/equity trades. I'm not quite sure how they would address leveraged instruments. Some versions of a FTT just want to tax HFTs. Its way too early to...

Forum: Traders Hideout

February 7th, 2019, 11:52 PM

Replies: 60

financial transaction tax

Views: 16,490

Posted By srgtroy

A move to the left seems almost inevitable,...

A move to the left seems almost inevitable, whether you are for it or not. The wealth disparity in this country has become unbalanced. As Hedge Fund King Ray Dalio currently says, capitalism is not...

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