To my fellow American AmiBroker users. Just curious if everyone here is aware that the bill to impose a quarter percent tax on every stock trade (both ways, win or lose), as well as a .02% tax on every derivatives contract is gaining serious steam in Washington and the mainstream media, including CNBC.
This woud kill liquidity, destroy small and large traders, increase spreads and volatility, and erode capital investment in US companies, thereby causing more unemployment. It will also result in captal flight to Asian markets and the end of America as the financial center of the world. If you're not on the phone giving a talking to your congressional rep, and not writing newspapers and speaking out, your days as a trader are probably numbered. If you think this tax can't pass, take a look at every other example of so called bills that could "never pass". Here are the details: http://www.bloomberg.com/apps/news?pid=20601087&sid=adcaJQ1Xp4_w&pos=8
