The only thing these anti-capitalistic, anti-free-market taxes will accomplish, whether on a regional or global scale, is the suppression of commercial enterprise, sapping growth and ensuring the worldwide unemployment is higher and global standards of living lower.
What an idiotic proposal, and from a former finance minister no less. How would this prevent another crises? Crises happened because Wall St (and their international counterparts) were encouraged to take bigger and bigger risks with no penalty on the down side, and 2-big-2-fail insurance policy. How would a tax solve this? Insurance fund? That would only encourage them to take ever more risks. And may I ask what would happen with that fund? Would it be invested in the stock market creating an even bigger bubble? Does anyone understand the idea behind this tax?
BBolan: Advice to AM - I think AM will be dumping 3000 or about 1/3 of its employees. earnings call on the 23rd of December.
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Joshua Hayes: It doesn't matter the reason "why" something is going up/down. All that matters is that it "IS" and that U have buy/sell rules to work with.
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LongShortTech: ABIresearch says 17m home energy management systems forecast to ship in 2014.
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