Specialize in investment in and trading of "deep-value" high-yield securities, including debt, preferred shares, common shares, and put/call options.
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?
This news story has 4 comments: