Time to huck the tea

I picture New York politicians - from every corner of the state - thinking and thinking and thinking about new things that haven't yet been taxed. Today's brilliant idea is NYC mayoral candidate Freddy Ferrer. He wants to tax stock trades if elected mayor. In response, the NYSE bought an e-trading firm, which can easily be based in, say, New Jersey. The link above is to the NY Post, and the writer's staccato prose is painful to read. But the points made are valid: just like shipping moved to Elizabeth many moons ago, what's to stop the NYSE from doing the same? It's just so stupid. (HT Upstate Blog, which doesn't have permalinks)