To my fellow American AmiBroker users. Just
curious if everyone here is aware that the bill to impose a quarter percent tax
on every stock trade (both ways, win or lose), as well as a .02% tax on every
derivatives contract is gaining serious steam in Washington and the mainstream
media, including CNBC.
This woud kill liquidity, destroy small and large traders, increase spreads and
volatility, and erode capital investment in US companies, thereby causing more
unemployment. It will also result in captal flight to Asian markets and the end
of America as the financial center of the world.
If you're not on the phone giving a talking to your congressional rep, and not
writing newspapers and speaking out, your days as a trader are probably
numbered. If you think this tax can't pass, take a look at every other example
of so called bills that could "never pass".
Here are the details: http://www.bloomberg.com/apps/news?pid=20601087&sid=adcaJQ1Xp4_w&pos=8