Occupy Wall Street

Riot · #1 10-14-2011, 03:21 PM

Quote:

Originally Posted by Clip-Clop

Nor should they if this is going to be the start of something larger. Once election comes into play it becomes the same old shell game. I am all but out of the markets, too volatile for my tastes right now and I do not have the capital, software or processor speed to make money on minor flux.

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

Clip-Clop · #2 10-14-2011, 03:30 PM

Quote:

Originally Posted by Riot

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

Been on a lot of tables for a long time and is likely to stay there. The issues will be in wording the document to make it seem (and I hate using this word) fair for everyone. I should not be discouraged or prevented from investing in a company I have faith in and hope to make a profit, despite my level of investment. Most of my $ goes into my company and its expansion. I do however gamble in the markets and it has paid off over the years. But the rules should be the same for everyone and while they are not now, a rule like that would make me even less likely to dive in.

Riot · #3 10-14-2011, 03:36 PM

Quote:

Originally Posted by Clip-Clop

Been on a lot of tables for a long time and is likely to stay there. The issues will be in wording the document to make it seem (and I hate using this word) fair for everyone. I should not be discouraged or prevented from investing in a company I have faith in and hope to make a profit, despite my level of investment. Most of my $ goes into my company and its expansion. I do however gamble in the markets and it has paid off over the years. But the rules should be the same for everyone and while they are not now, a rule like that would make me even less likely to dive in.

It's true, that rule is a double-edged sword for the non-giant investor who can not afford to lease space in a Wall Street basement, in order to gain a few nano-seconds of computer trading time advantage.

In the health professions, having one's own practice used to be best way to make one's retirement money. No more. I'm glad for you your business still is your best investment.

jms62 · #4 10-14-2011, 03:59 PM

Quote:

Originally Posted by Clip-Clop

Been on a lot of tables for a long time and is likely to stay there. The issues will be in wording the document to make it seem (and I hate using this word) fair for everyone. I should not be discouraged or prevented from investing in a company I have faith in and hope to make a profit, despite my level of investment. Most of my $ goes into my company and its expansion. I do however gamble in the markets and it has paid off over the years. But the rules should be the same for everyone and while they are not now, a rule like that would make me even less likely to dive in.

Nice market redboard. They should put a stiff charge on trades held less than 10 minutes. The progams are making this so volatile.

Riot · #5 10-14-2011, 04:03 PM

Quote:

Originally Posted by jms62

They should put a stiff charge on trades held less than 10 minutes. The progams are making this so volatile.

jms62 · #6 10-14-2011, 04:09 PM

Quote:

Originally Posted by Riot

Right 10 minutes allows the daytraders to still play but those gaming the system will get punished.

Clip-Clop · #7 10-14-2011, 04:16 PM

Quote:

Originally Posted by jms62

Nice market redboard. They should put a stiff charge on trades held less than 10 minutes. The progams are making this so volatile.

Redboard would be my disclosing identifying Lulu as "the next big thing" way back at $31/share, pre-split. Made me enough to afford to buy my wife a pair of pants there.
10 mins would be reasonable, it would require so much attention though it might not be self-sufficient.

jms62 · #8 10-14-2011, 04:54 PM

Quote:

Originally Posted by Clip-Clop

Redboard would be my disclosing identifying Lulu as "the next big thing" way back at $31/share, pre-split. Made me enough to afford to buy my wife a pair of pants there.
10 mins would be reasonable, it would require so much attention though it might not be self-sufficient.

Congrats! I don't understand the so much attention though, it would take less than a week to write that program... Simple review of time and sales and record it to pass to the feds... Billions of bucks there.

Now for the rest of my ideas and my presidential platform. which will get me killed both here and in real life for real if I was running.

Allow all internet gambling and tax it... Billions of Bucks there. LOWER CORPORATE TAX to 10% and allow repatriation of profits one time 10% tax....

Millionares all is well, current tax structure is fine.

HOWEVER

Tax the sh*t on companies using H1B labor or outsourcing Labor.. Immediately stop H1B, anyone on an extension gets 90 days to vacate. Anyone on an H1B in the loop for a green card gets the boot.
(We probably are talking a million jobs here but of course there is no where to get the stats because we would be outraged)

Do not allow companies to declare costs on their taxes for ANY WORK done outside the US against income.

What this gives us is a HUGE amount of US Citizens back to work and paying taxes...

HMO's for profit... Horrible Idea and gone... HMO's non-profit. CEO's of non-profits income no more than 100 x minimum wage. (Breaking these up however I have no fuking idea how this will work but I am honest)

Publicly funded elections... X amount of money to be given to each major party and Y amount to rest. Anyone found accepting money from anyone be it a lobbyist or their mom gets 10 years in the fed pen NO PAROLE...

Riot · #9 10-14-2011, 05:02 PM

I'd vote for you for Congress, jms. Go for it!

Cannon Shell · #10 10-14-2011, 05:54 PM

Quote:

Originally Posted by Riot

I'd vote for you for Congress, jms. Go for it!

I believe he is running for President

Cannon Shell · #11 10-14-2011, 05:53 PM

Quote:

Originally Posted by jms62

Congrats! I don't understand the so much attention though, it would take less than a week to write that program... Simple review of time and sales and record it to pass to the feds... Billions of bucks there.

Now for the rest of my ideas and my presidential platform. which will get me killed both here and in real life for real if I was running.

Allow all internet gambling and tax it... Billions of Bucks there. LOWER CORPORATE TAX to 10% and allow repatriation of profits one time 10% tax....

Millionares all is well, current tax structure is fine.

HOWEVER

Tax the sh*t on companies using H1B labor or outsourcing Labor.. Immediately stop H1B, anyone on an extension gets 90 days to vacate. Anyone on an H1B in the loop for a green card gets the boot.
(We probably are talking a million jobs here but of course there is no where to get the stats because we would be outraged)

Do not allow companies to declare costs on their taxes for ANY WORK done outside the US against income.

What this gives us is a HUGE amount of US Citizens back to work and paying taxes...

HMO's for profit... Horrible Idea and gone... HMO's non-profit. CEO's of non-profits income no more than 100 x minimum wage. (Breaking these up however I have no fuking idea how this will work but I am honest)

Publicly funded elections... X amount of money to be given to each major party and Y amount to rest. Anyone found accepting money from anyone be it a lobbyist or their mom gets 10 years in the fed pen NO PAROLE...

Dont you like eating?

jms62 · #12 10-14-2011, 06:07 PM

Quote:

Originally Posted by Cannon Shell

Dont you like eating?

Love it as much as you. But i believe in FREE MARKET. Resturants hire American citizens and set your price and I will decide if I want to pay it.
Isn't that capitalism?

Cannon Shell · #13 10-14-2011, 03:42 PM

Quote:

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 · #14 10-14-2011, 03:47 PM

Quote:

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 · #15 10-14-2011, 03:58 PM

Quote:

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 · #16 10-14-2011, 04:00 PM

Quote:

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 · #17 10-14-2011, 04:06 PM

Quote:

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 · #18 10-14-2011, 04:10 PM

Quote:

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.