"Trader Tax" Would Kill Stock Traders

"Out of opposition, a new birth."

-Carl G. Jung (1875-1961). Psychology of the Transference

Meanwhile, check out this article to understand why a new birth may be our only option. The old patient is cold. (h/t Jawbreaker)

IMPORTANT: The so called "Trader Tax" would be the end of proprietary trading as we now know it. It would place at 0.25% transaction tax on "the sale and purchase of financial instruments" including stocks. It is in a bill, H.R 1068 which is currently being debated for passage. If you are a proprietary trader, you need to write your congressperson to voice your opposition today.

Here is the full text of the bill.