They should just do it now simply for them bringing up the proposal to TAX Trades.
Liberals are so f—king stupid when it comes to taxes.
Democrats: “If it moves, tax it!”
NYSE: “Just try to catch me.” (flips light switch in NJ off, and flips another one on in a different state)
Escape New York!
Why don’t they tax the UN?
Stock exchanges are just black boxes nowadays. Very little trading gets done on the floor.
Illinois will want to tax this too.
Get to work on a facility in South Dakota.
NYSE Signals It Will Exit New Jersey if State Taxes Stock Trades ................. what exit?...............[NJ joke]..............
“New York Stock Exchange will temporarily run one exchange from Chicago to show its readiness to move”
I wonder if Chicago or Illinois would try to tax in the future too. Chicago is broke.
Liberals, killing the goose that laid the golden egg ... again
The state just needs a taste. They just need to get there beaks wet.
Leading NJ Democrats are modern day Rhine castle operators.
High frequency trading is nothing more than wealthy stock trading firms printing money for themselves at the cost of the stability and appropriate valuation of the overall stock market. Should have been outlawed years ago but when you print your own money, you can use that money to buy politicians.
Several years ago, the French government decided it wasn’t fair that collector’s were making millions of dollars from art bought a century ago for pocket change. They implemented a very small tax on all sales with the intention of benefitting the descendants of artists. Overnight, the entire auction business moved from France to England and the US.
OK, but Chicago?
Just about anything other than a mine can be moved elsewhere.
I know of a couple who moved their entire dairy cow herd from upstate New York to Colorado some years ago. after 2 location changes within the state due to urban sprawl & rezoning-—they found new property on Colorado.
The arranged with multiple dairies across the USA to unload, milk their cows, spend the night, milk again in the AM, and resume traveling. I think their herd was at least 300+++ cows. The payment for the overnight was the milk they gave those farmers.
They took 5 days, IIRC, and they did NOT lose a single cow. The logistics of setting up that move stagger my imagination. Timing was critical, as cows get very restless when they are not milked on time.
Sometimes, you just have to vote with your feet....
Kill the goose and then complain it’s not laying any eggs.
You saw it with the New York, New Jersey, Connecticut, and Pennsylvania collusion over COVID-19 where these states were setting their own restrictions to keep businesses from crossing lines to avoid them.
Ultimately, all it's going to do is force companies farther away from the Communist Democrat ones.
Nobody saw that one coming, nope nobody.
I don’t see how moving from one “blue” state to another “blue” state is going to help them.