Mr. EB_

Traders unite in a call to block a proposed "trader tax" (0.25% on every sale/purchase of stocks, options and futures) - known as (ouch) Let Wall Street Pay for Wall Street's Bailout Act of 2009.

Over time 25-30 years, say conservatively we lose 1-2% annually due to this transaction tax. This will cost us investors 50%-75%+ of our long term net worth due to compounding. Whether it's for retirement or paying college for our kids. Seriously folks, this is worst idea ever. 50%-75% of your net worth is at stake if they pass it. Call your Congressman now, don't under-estimate their stupidity, they just add random amendments like this last minute in other bills. Us small investors had NOTHING to do with the Wall St. problems and WE are going to pay for it?!? Did you see the bank CEOs testify before Congress, when asked about this transaction tax, they were like "we're fine with it!". Of course they are fine with it, their customers pay for it NOT them, even though they screwed up. FIGHT FIGHT FIGHT this. Call congressman, tell everyone.