Texas starts its own stock exchange

It’s a good move since NY is going commie, may have to split from them at some point

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It’s a good move since NY is going commie

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Apparently it’s been in the works for years too.

Commies took over ny, it is time ……

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It’s a good move since NY is going commie, may have to split from them at some point

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When Mandani passes a trade tax on every exchange in the NYSE, he will be killing off the golden goose. All that equity will start pouring out of New York and right into the largest commercial real estate boom ever seen in Texas and Florida.

People in Texas need to understand that the globalists have made us a priority. It will not end well for us.

Look at who owns this new Texas stock exchange

A bunch of freedom loving Texas folk

Key details regarding ownership and backing as of mid-2026 include:

Majority Owner: Energy Transfer executive chairman Kelcy Warren is the largest owner of TXSE Group Inc., holding 32.7% of non-diluted shares through his entity, Kelcy Warren Partners.

Key Institutional Investors:

The venture is backed by major financial institutions, including BlackRock, Citadel Securities, Charles Schwab, and J.P. Morgan.Management Stake: TXSE CEO James H. Lee holds an 11.8% stake through JHL Exchange Partners.

Other Major Holders: Franklin Mountain Investments (8%) and Citadel Securities (5.7%) are also major stakeholders

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When Mandani passes a trade tax on every exchange in the NYSE, he will be killing off the golden goose.

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Has he proposed this? Does even have the authority to levy such a tax at the city level? It's the dumbest idea ever but I don't know if he could implement it if he wanted to.

Apparently is already in place but a rebate currently to make net zero. So only thing that needs to happen is repeal the rebate.
From Claude AI

The existing law:
New York State has had a stock transfer tax since 1905, taxing each sale of stock worth over $20 at 5 cents . It’s technically still on the books and applies to the sale or transfer of stock and related securities that occur within New York State . But since 1981, the rebate has been 100% of the tax paid — so brokers pay it, then get it all back, making it revenue-neutral in practice, little more than an administrative hurdle for brokers’ legal teams .
Could it actually bite again?
There’s been real legislative push to eliminate the rebate and start collecting it for real, especially amid budget pressure — a bill has seen growing support in the state Legislature following pandemic-era revenue drops and funding cuts, backed by progressive labor groups and activists, which would end the rebate and let tax authorities collect the revenue again . Estimates on revenue vary wildly: advocates claim up to $13 billion annually, though 2020 data suggests actual collection would be closer to $4 billion .
The city angle: Historically, the tax’s proceeds were diverted to New York City in the 1970s to help with the city’s fiscal crisis before being eliminated in 1981 — so there’s precedent for city benefit, but the tax itself is levied by the state, not the city.

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Our state serves the purpose of being nothing more than an economic engine now. The culture that once made this state unique compared to everywhere else dwindles further and further with every passing decade.

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OKay

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And our government will still invest practically nothing into our tourism sector.

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Wait, what? Was investment in tourism what made Texas great?

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Cali is just dormant relying on existing businesses who are moving ops and overtaxed.

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Because Democrats frick everything up when they get control.
The mentally ill are not capable of learning anything.