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Vic Vinegar

(80 posts)
14. well
Sun Aug 25, 2013, 12:08 AM
Aug 2013

That depends if we are considering real derivative trading or just what is on the books. If you don't account for unclaimed "assets" then if puts you somewhere in the ball park of the better part of a trillion, maybe $900 billion a year.

Anyway, the current tax policy, if it wasn't refunded would produce tens of billions a year at around 0.05% which is 10% of Randy's proposed 0.5%.

Even just apply the tax to the NY:SE average trading value of $ 158 Billion a day and that is a lot. Just 158 Billion X 365 *0.5 and that is what Randy proposes we take.

On the national level we include the Chicago Exchange, NYSE, Salt Lake City and some others and that is enough to fix this nation's debt problem and fix the finance industry's speculation problem.

Since such a tax would only be in effect in NYC, why wouldn't most of the companies just move to NJ PoliticAverse Aug 2013 #1
They've threatened to do so before Vic Vinegar Aug 2013 #3
As NYC real estate ha increased in price many financial firms have already moved to cheaper areas... PoliticAverse Aug 2013 #5
That is true Vic Vinegar Aug 2013 #6
The tax will bring in trillions of dollars? former9thward Aug 2013 #12
well Vic Vinegar Aug 2013 #14
The High Frequency Traders (computers) need to be close to the stock market servers NutmegYankee Aug 2013 #10
Kick. What a great experiment that would be! Squinch Aug 2013 #2
hell yeah Vic Vinegar Aug 2013 #4
Can I observe that supporting him would be a violation of the TOS... brooklynite Aug 2013 #7
well technically Vic Vinegar Aug 2013 #8
But the focus of the OP is the TWS Party getting ballot status brooklynite Aug 2013 #9
boohoo for formalism Vic Vinegar Aug 2013 #15
So the Working Families Party isn't good enough for you? brooklynite Aug 2013 #16
bill thompson Vic Vinegar Aug 2013 #17
This is irrelevant to the point of the OP brooklynite Aug 2013 #18
and I ask who is really splitting the vote Vic Vinegar Aug 2013 #19
I trust you'll you'll be content with your principled vote after the Primary... brooklynite Aug 2013 #20
"No Democrat is a real Deocrat" brooklynite Aug 2013 #21
easdfasdf Vic Vinegar Aug 2013 #22
He can't run on the Democratic Party line...because he won't win the Democratic Party line brooklynite Aug 2013 #23
Meh, DiBlasio has my vote and is the real deal nt geek tragedy Aug 2013 #11
meh Vic Vinegar Aug 2013 #13
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