As someone who's starting college next year and is looking at having to take out 20000+ in loans for 4 years not to mention potentially going to grad school, I also feel obligated to like him
Okay. I wanted to get that out of the way that the average American wont have to pay for it. But since you do trade stocks, you can't afford a 1-2% tax on stock trading?
And I'm in the same career path, but I worked my way up on my own. I don't want to have to pay for someone else to do what I had to on my own. Hard work pays off.
The difference between Sweden+England and the US is that the US doesn't have an EU-like system, and (correct me if I'm wrong in this point) we only have one major stock exchange, which would be wall street, whereas the EU has all the stock markets of those countries along with freedom of movement between them. So the stock exchanges would have to suck it up and pay it, because where are they gonna go? The EU? Well the euro is unstable, so thats out. China is still recovering from a crash. So where would they go? Additional, I misspoke. Its a .5% on stock exchanges. Along with that, having an EXPLOSION of educated workers would boost the economy in the long run, and with that the stock market.
So sorry for the late reply, my company is at the end of it's fiscal quarter so I've been swamped!
You bring up some interesting points, I hope to address. While Wall Street has become synonymous with stock trading, it’s not actually a stock exchange. The U.S. has over ten financial securities markets, but the major three are the NYSE, Nasdaq, and AMEX. Could you explain what you meant by “the EU has all the stock markets of those countries along with freedom of movement between them.” If companies decided to be listed on other exchanges, I think they would opt for the Japan Exchange Group, Euronext, or London Stock Exchange, in that order. To my knowledge, Euronext is the only pan-euro exchange. What do you mean the euro is unstable? The exchange rate has favored it since at least 2007. It’s also worth noting that Sweden’s overall tax revenue declined because of the FTT.
In fact, the capital gains tax revenue fell so much that transaction tax revenues were completely offset.
For someone who couldn't afford to finish college in the first place I do. They are going to just find something else to spend our taxes on might as well further our education to be able to afford it.
You bring up some interesting points, I hope to address. While Wall Street has become synonymous with stock trading, it’s not actually a stock exchange. The U.S. has over ten financial securities markets, but the major three are the NYSE, Nasdaq, and AMEX. Could you explain what you meant by “the EU has all the stock markets of those countries along with freedom of movement between them.” If companies decided to be listed on other exchanges, I think they would opt for the Japan Exchange Group, Euronext, or London Stock Exchange, in that order. To my knowledge, Euronext is the only pan-euro exchange. What do you mean the euro is unstable? The exchange rate has favored it since at least 2007. It’s also worth noting that Sweden’s overall tax revenue declined because of the FTT.
In fact, the capital gains tax revenue fell so much that transaction tax revenues were completely offset.