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They will set up the tax to great fanfare about collecting revenue, and then declare it a failure when noise trading goes away and it therefore fails to collect revenue. Rather than hailing it as a brilliant success because it made the noise traders go away.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Apr 16th, 2012 at 02:24:07 AM EST
[ Parent ]
In addition, there was already great fanfare about a tax on shares and bonds transactions, leaving the foreign exchange and commodities markets untaxed.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Mon Apr 16th, 2012 at 03:39:42 AM EST
[ Parent ]
There's a great reluctance here to name financiers as the parasites they truly are, and it really muddies the discussion.

Align culture with our nature. Ot else!
by ormondotvos (ormond.otvosnospamgmialcon) on Tue Apr 17th, 2012 at 07:00:38 PM EST
[ Parent ]
That could also be because not all financiers are parasites.

Sorry to interject some nuance into your naive and simplistic analysis. I know it's annoying how the world is more complicated than you'd initially think.

But it is.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Apr 18th, 2012 at 04:30:01 AM EST
[ Parent ]
Also because it would get us nowhere, for instance, to say for instance that Soros is a parasite.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed Apr 18th, 2012 at 04:34:28 AM EST
[ Parent ]

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