Occupy Wall Street

[Cannon Shell]

Originally Posted by Riot

That's why they want a transaction tax - slows that way down.

Which will send more money flowing out of the country

[Riot]

Originally Posted by Cannon Shell

Which will send more money flowing out of the country

How will a transaction tax on computer stock trading cause money to flow out of the country?

[Cannon Shell]

Originally Posted by Riot

How will a transaction tax on computer stock trading cause money to flow out of the country?

They will divert money to trading on foreign markets where no transaction taxes exist (Hong Kong/China wont go for it) or the money may be taken out of play entirely.

[Riot]

Originally Posted by Cannon Shell

They will divert money to trading on foreign markets where no transaction taxes exist (Hong Kong/China wont go for it) or the money may be taken out of play entirely.

So the big American Wall Street investment firms are going to move out of the country and cease practicing here if there is a 0.1% tax on trades, and a 0.01% tax on derivative trades.

Have they said this?

[Cannon Shell]

Originally Posted by Riot

So the big American Wall Street investment firms are going to move out of the country and cease practicing here if there is a 0.1% tax on trades, and a 0.01% tax on derivative trades.

Have they said this?

Do you think that will be a deterrent at those levels? And yes they will move money to places they will make more money. That is pretty clear no?

[jms62]

Originally Posted by Cannon Shell

Do you think that will be a deterrent at those levels? And yes they will move money to places they will make more money. That is pretty clear no?

Our casino is the best in the world. They will never leave.