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That's not really power, that's authority. And they're basically doing what they're "told" to do by special interests and lobby groups. They're more like corporate bitches, doing what they're told, like good little whores.I agree. That said, I think ANY restrictions on the political free speech of the employees and shareholders are unconstitutional.
Taking money out of politics is not the answer... The answer is removing the incentive to give. Congress has WAY too much power with their ability to customize the tax burden of their friends and supporters.
Wall Street will not collapse over a 1/2% tax on every transaction.lol
No it wouldn't.
I'd move back to Toronto, call all of Wall Street and direct trading there. I'd make a fortune!
Oh, wait. I take that back. It's a GREAT idea!
That's not really power, that's authority. And they're basically doing what they're "told" to do by special interests and lobby groups. They're more like corporate bitches, doing what they're told, like good little whores.I agree. That said, I think ANY restrictions on the political free speech of the employees and shareholders are unconstitutional.
Taking money out of politics is not the answer... The answer is removing the incentive to give. Congress has WAY too much power with their ability to customize the tax burden of their friends and supporters.
35% of what I make, is taken out of my paycheck.You don't pay 35%
Explain it to me.
That was one of the plans.
When I work, 35% is taken out; when I don't, I qualify for one of the more cheaper plans.So what are you lying about being in the 35% bracket or getting free insurance?
Boy, this doesn't look good.
Anyway, eliminate corporate income taxes and you'll see a flood of international and repatriated capital into our system, the likes of which no one has ever seen. The lefties won't admit this, of course, the last thing they want to do is take the boot off the throat of business and free enterprise -- the federal bureaucracy is far more trustworthy, ha ha -- but that's what would happen.
Won't happen, of course.
.
I think it's a very good idea. It would generate enough revenue to solve all of our money issues.That's a very bad idea.
$1 for every $300 is not going to kill anyone.So you want to raise taxes on everyone who puts money away for retirement via IRAs 401ks etc?
And I thought you were all about protecting the little guys.
It ain't rocket science, y'all.
$1 for every $300 is not going to kill anyone.So you want to raise taxes on everyone who puts money away for retirement via IRAs 401ks etc?
And I thought you were all about protecting the little guys.
Wall Street should thank us if that's the only thing we do.
They crashed our economy playing "casino capitalism" in the derrivitive market and got us to bail them out, instead of sending them to prison for fraud. Not one CEO has been prosecuted for causing the 2008 meltdown that ruined lives all over the world.
I'll tell you what, I'll forgo the Transactions Tax if we prosecute those parasites at Goldman Sachs, Citicorp, Bear Stearns and AIG and stick them where they really should be, which is walking around in an orange jumpsuit with a big-ass number on the back.
At the very least, the Transactions Tax would get our bailout money back.
Wall Street will not collapse over a 1/2% tax on every transaction.lol
No it wouldn't.
I'd move back to Toronto, call all of Wall Street and direct trading there. I'd make a fortune!
Oh, wait. I take that back. It's a GREAT idea!
In February, the European Commission published a proposal for a financial transaction tax also called a Tobin or Robin Hood tax in the EU. Eleven states have been granted the right to impose a minimum 0.1 per cent tax on equity and debt transactions and a minimum 0.01 per cent charge on derivatives transactions. If the experience of Swedens use of such a tax is anything to go by, this move is extremely unwise. ...
Initially, the tax rate was 0.5 per cent in connection with the purchase and sale of shares. In mid-1986, the rate was doubled and the tax base was broadened to cover share options and convertibles. The trading volume on the Stockholm stock exchange changed dramatically when the tax was increased. Average turnover fell 30 per cent during the second half of 1986 and throughout 1987. The turnover in the 11 most traded shares fell 60 per cent. It seems unlikely that this sharp decrease reflected a decline only in speculative trading.
Later, in 1989, the tax base was broadened to include bonds. This, in turn, led to an 85 per cent reduction in bond-trading volume and a 98 per cent reduction of trading volume in bond derivatives. The increase in tax revenues resulting from the broadening was less than 5 per cent of what had been expected.
By 1990, shortly after the last vestiges of the currency controls were abolished in Sweden, more than 50 per cent of the trading in Swedish shares had moved to London. Conversely, once the tax was abolished in December 1991, trading on the Stockholm stock exchange recovered. In 1991, 40 per cent of trading in Swedish shares took place on the Stockholm stock exchange; in 1992, this number had increased to more than 50 per cent.
We either demand the rich to pay their fair share at the rate of the middle class or the extreme left will win.
When that happens we're fucked.
Or, impose a Financial Transactions Tax on the trading of all Wall Street instruments.Lower the corporate tax rate to 10% or 15%.
Don't tax overseas profits.
Disallow offshore tax avoidance.
Equalize the capital gains tax and dividend tax with the income tax.
Drop the estate tax.
Raise the income tax.
Cut spending.
I just solved all our problems.
$1 for every $300 is not going to kill anyone.So you want to raise taxes on everyone who puts money away for retirement via IRAs 401ks etc?
And I thought you were all about protecting the little guys.
Wall Street should thank us if that's the only thing we do.
They crashed our economy playing "casino capitalism" in the derrivitive market and got us to bail them out, instead of sending them to prison for fraud. Not one CEO has been prosecuted for causing the 2008 meltdown that ruined lives all over the world.
I'll tell you what, I'll forgo the Transactions Tax if we prosecute those parasites at Goldman Sachs, Citicorp, Bear Stearns and AIG and stick them where they really should be, which is walking around in an orange jumpsuit with a big-ass number on the back.
At the very least, the Transactions Tax would get our bailout money back.
$1 for every $300 is not going to kill anyone.So you want to raise taxes on everyone who puts money away for retirement via IRAs 401ks etc?
And I thought you were all about protecting the little guys.
Wall Street should thank us if that's the only thing we do.
They crashed our economy playing "casino capitalism" in the derrivitive market and got us to bail them out, instead of sending them to prison for fraud. Not one CEO has been prosecuted for causing the 2008 meltdown that ruined lives all over the world.
I'll tell you what, I'll forgo the Transactions Tax if we prosecute those parasites at Goldman Sachs, Citicorp, Bear Stearns and AIG and stick them where they really should be, which is walking around in an orange jumpsuit with a big-ass number on the back.
At the very least, the Transactions Tax would get our bailout money back.
They crashed our economy playing "casino capitalism" in the derrivitive market and got us to bail them out
What bank failed because of derivatives? Which derivatives? Be specific.
At the very least, the Transactions Tax would get our bailout money back.
The banks repaid TARP, with a juicy profit to the Treasury.
Of course we'll never get back the dough Obama gave to the UAW.....
$1 for every $300 is not going to kill anyone.
Wall Street should thank us if that's the only thing we do.
They crashed our economy playing "casino capitalism" in the derrivitive market and got us to bail them out, instead of sending them to prison for fraud. Not one CEO has been prosecuted for causing the 2008 meltdown that ruined lives all over the world.
I'll tell you what, I'll forgo the Transactions Tax if we prosecute those parasites at Goldman Sachs, Citicorp, Bear Stearns and AIG and stick them where they really should be, which is walking around in an orange jumpsuit with a big-ass number on the back.
At the very least, the Transactions Tax would get our bailout money back.
They crashed our economy playing "casino capitalism" in the derrivitive market and got us to bail them out
What bank failed because of derivatives? Which derivatives? Be specific.
At the very least, the Transactions Tax would get our bailout money back.
The banks repaid TARP, with a juicy profit to the Treasury.
Of course we'll never get back the dough Obama gave to the UAW.....
Why that sounds like such a reasonable question. Which banks failed because of derivatives you ask.
Of course the better question is which banks that were considered To Big To Fail were bailed out by the Federal Government because of their losses in the derivative markets.
And presently how many of those same TBTF banks have even MORE exposure to loss in the derivatives markets? All of them is the correct answer.
As to the UAW. All those UAW workers pay income tax from their paychecks. How much income tax have they paid in since the bailout and does that amount come close to the amount of the UAW funds? I don't know the answer. But for sure if all those UAW members lost their jobs, the funds paid to the US Treasury in the form of income taxes would be less.
That's just it, revenue has nothing to do with it. In fact, it's not even a problem if the whole country goes bankrupt because the only goal here is 'fairness':...a tax initiative (Zero Corporate Tax) would likely result in more tax revenue coming into the federal coffers....
...corporate bitches, doing what they're told, like good little whores..
