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Hi all,
What I liked is the ease of sending the e-mail to congress. What stuck me is
Robert Green's "concerns" or "fear" of this thing passing!! I also did not
think it was written very well to convince a politician to take heed. Just
my thoughts.
JG
-----Original Message-----
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf
Of Steve Dugas
Sent: Tuesday, December 08, 2009 9:42 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] Traders Tax
Thanks for posting Jerry. There is also this one, it has been around longer
and has 63,000 signatures so far. I have signed both.
Steve
http://www.rallycongress.com:80/no2tradertax/1536/tell-congres-to-block-trad
er-tax/
----- Original Message -----
From: "Jerry Gress" <pleasenospamplease@xxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, December 08, 2009 11:19 AM
Subject: [amibroker] Traders Tax
> Hello,
>
> Just received the below to fill out and automatically send to Washington
> written by Robert Green. Free on E-mail or $9 to have a service print and
> mail.
>
> JG
>
> PS. First from California to send, so it said?
>
>
http://www.rallycongress.com/greentradertax-traders-association1/2644/save-t
> raders-jobs-do-not-enact-financial-transaction-tax/
>
>
> ////////////begin letter
> Save Traders' Jobs: Do Not Enact a Financial-Transaction Tax
> Sign the Petition : 7,329 Letters and Emails Sent So Far
> Dear Congressman,
>
> Please don't pass a financial-transaction tax. It will cause my colleagues
> and me to lose our jobs. I understand you want to pass a
> financial-transaction to finance a new jobs recovery bill. That makes very
> little sense, because the tax would put me out of business and lead to job
> losses among my colleagues. Look at the number of people who have signed
> this petition and kindly count them as job losses. If you can table the
> financial-transaction tax, you can count this number as saved jobs.
>
> Rep. Peter DeFazio (D-Ore.) continues to support the tax as a way to pay
> for
> a jobs bill he is drafting with Rep. Ed Perlmutter (D-Colo.) titled "Let
> Wall Street Pay for the Restoration of Main Street Act of 2009." They are
> proposing a 0.25-percent tax on the sale and purchase of financial
> instruments including stocks, options, derivatives, and futures.
>
> I'm a humble small business trader trading in an honest and legal manner
> to
> support my family. If you pass this tax and put me out of business, I have
> few job prospects in this economy. I understand recovery may take another
> year or two, and I can't wait that long. I'm not necessarily suitable for
> some of the new jobs advocated by the government, such as road
> construction,
> working in windmills, and green-energy installation jobs. I am doing a
> good
> job for myself and society using my higher education, knowledge of
> computers
> and the internet, and my savings to trade the financial markets. Many
> traders have already used up unemployment benefits after being laid off,
> so
> if you put them out of business, they will have no safety net. Traders buy
> goods and services from Main Street and most traders live on Main Street,
> not Wall Street. This tax proposal will hurt existing Main Street jobs and
> won't produce new ones, either.
>
> I've read that supporters view this transaction tax as a way to "make Wall
> Street pay." But their logic is inaccurate: The economy's downward spiral
> was caused by the real estate bubble and poor lending practices; not by
> traders. The stock-market recovery since March 2009 - one of the few
> bright
> spots of the economic recovery - has been helped by traders like me
> bidding
> up stocks on a daily basis. Traders provided liquidity when financial
> markets crashed, buying stocks when other investors panicked and sold off.
>
> Kindly reassess the financial-transaction tax and do not include it in
> your
> jobs recovery efforts. If you believe taxes should be charged against some
> of those on Wall Street - big banks and institutions - please don't lump
> me
> in that category. Why not consider a bank levy as suggested by Secretary
> Geithner and the IMF instead?
>
> If you're looking to raise taxes from Wall Street, here's another idea.
> You
> could let the TARP banks and institutions pay bonuses to their workers in
> stock rather than cash. As I understand it, close to 50 percent of those
> bonus payments (whether in cash or stock) will go to federal, state, and
> city taxes, amounting to $50 billion dollars or more (rough estimates).
> This
> is a similar dollar amount you intend to raise with the
> financial-transaction tax. If you don't allow the Wall Street banks to pay
> bonuses and they retain those profits, it won't necessarily enhance
> capital
> and it won't lead to higher tax revenue. Those banks have large net
> operating losses to soak up the profits.
>
> Everyone I know in the trading business will be forced out of work with
> the
> financial-transaction tax, so you won't collect the projected tax revenue
> from us. If you pass this tax in the U.S. well before the rest of the
> world's financial centers pass it, traders all over the globe will trade
> foreign markets instead of U.S. markets. In addition to running me out of
> business, you'll also force my brokerage firm and the financial exchanges
> to
> lay off employees. This tax will bring many unintended consequences,
> including job losses on Main Street.
>
> President Obama empowered Treasury Secretary Geithner to speak for the
> U.S.
> on the world stage at the G20 meeting in November. Secretary Geithner said
> he didn't support this tax, and he is trying to coordinate the effort with
> the rest of the world. The IMF gave early indication it doesn't support
> the
> tax as well, but it will present its official report in April 2010.
>
> In summary, this financial-transaction tax seems very unwise. Raising
> taxes
> on traders will kill jobs, put small companies out of business, and in the
> end, raise very little revenue. With these groups out of work, their tax
> revenue is lost. Touting this tax as a way to create jobs on the
> government
> level (short-term jobs that have no sticking power) is an incredibly
> shortsighted move. If you count the saved and created jobs, you'll find
> you're destroying jobs on a net basis. Please leave this analysis to
> people
> who are well trained in economics, such as Secretary Geithner. Kudos to
> him
> for handling the global stage properly on this matter. We trust he will
> lend
> his voice to President Obama and continue to speak out against a
> financial-transaction tax.
>
> Thank you for your time to read our Petition and we appreciate your
> support.
>
>
> Letter prepared by Robert A. Green, CPA
> President, CEO
> GreenTraderTax Traders Association
> http://www.greencompany.com/Association/index.shtml
> Writing on behalf of our traders
> Blog on the Financial-TransactionTax:
> http://www.greencompany.com/blog/index.php
>
>
>
> ------------------------------------
>
> **** IMPORTANT PLEASE READ ****
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> This is *NOT* technical support channel.
>
> TO GET TECHNICAL SUPPORT send an e-mail directly to
> SUPPORT {at} amibroker.com
>
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> (submissions sent via other channels won't be considered)
>
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>
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>
>
>
>
------------------------------------
**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
http://www.amibroker.com/feedback/
(submissions sent via other channels won't be considered)
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
Yahoo! Groups Links
------------------------------------
**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
http://www.amibroker.com/feedback/
(submissions sent via other channels won't be considered)
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
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