Bernie Sanders Transaction Tax?

Interesting perspective!

 

I agree about the adapting thing. But going longer time frames does make a difference i think to the opportunities available. Intraday scalping allows one to turn over their inventory and compound returns. If you go into a draw-down for 15 trades before you make a new equity high in day trading terms that means a day of losing money. In longer term trades it means a monthly draw down which is a big impact on the finances of people that trade for a living.

Also, you mention stock options market, they would be classed as a derivative so same taxes apply.

 

Careful Bernie or Lloyd Blankfein and Jamie Dimon will cut off your allowance.

 

Any talk about adjusting to a transaction tax is the usual bs, that was posted on Et a few years ago, when there was more talk about a transaction tax.

 

McGinnis is a f*cking moron.

Imagine the drop in MMing revenues. Even if it untouchable and used as reserve-capital, the banks would simply ratchet-up the vola to account for the free money. Their global book would drop 10% overnight on lost income from equity trading, but their risk would increase dramatically.

 

I thought the same about an increase in volatility. Great minds

 

everybody including Bernie himself (except one group of people) knows he's never gonna be president... his supporters are the saddest group of people..

Bernie's plan really is just to milk the socialist theme until he fades into the sunset... there will always be this % of losers in the society buying the pipe dream that free stuff will fall from the sky, so socialism will always have some audience, but for the foreseeable future never enough % to actually make Bernie the King.

 

There's two types of socialists - those who haven't got much and think they should be rewarded for this, and those who've got plenty already but can afford the time and effort to exploit the first type without actually working.

 

Agree with you in sentiment. The problem is it isn’t going away. It’s more popular than ever. In the U.K. we have former Marxist as shadow chancellor (for the Non Brits that’s who would decide tax rates and spending if the leading opposition party got in power)

Students are actively promoting things like communism (what the hell do they teach in schools?).

Media and films are full of lefty propaganda.

I think there’s a real chance we will experience a more dramatic form of socialism in the West compared to what we have had so far. Hopefully it fails as per usual and we move on.