Pelosi: Transaction Tax Has "Great Deal Of Merit"!

Discussion in 'Politics' started by get_involved, Oct 12, 2010.

  1. get_involved
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    get_involved Gold Member

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    RealClearPolitics - Video - Pelosi: Transaction Tax Has "Great Deal Of Merit"




    _______________________________________________

    Just SOME of the taxes we pay:

    Sales Tax
    Hotel Tax
    School Tax
    Income Tax
    Liquor Tax
    Luxury Tax
    Excise Taxes
    Property Tax
    Cigarette Tax
    Medicare Tax
    Inventory Tax
    Car Rental Tax
    Real Estate Tax
    Well Permit Tax
    Fuel Permit Tax
    Inheritance Tax
    Road Usage Tax
    CDL license Tax
    State Income Tax
    Food License Tax
    Utility Tax
    Dog License Tax
    Gas Tax
    Vehicle Sales Tax



    OF COURSE THE DEMOCRATS WANT TO RAISE TAXES! IT'S THEIR ANSWER TO EVERYTHING!
     
    Last edited: Oct 12, 2010
  2. Trajan
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    Trajan conscientia mille testes

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    effing VAT in BS DC lingo...its coming too, or that is, thats what they will float... In exchange for not letting the tax cuts expire. watch.
     
  3. Charles_Main
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    Charles_Main AR15 Owner

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  4. Mr. H.
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    Mr. H. Diamond Member

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    It failed once, it'll fail again.
     
  5. WillowTree
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    WillowTree Diamond Member

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    That would be the VAT that Charles Krauthammer predicted? And the looney tunes left called him stupid! :lol::lol::lol::lol:
     
  6. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Pelosi is a Democrat. Democrats go to sleep at night beating off thinking of new ways they can implement a tax. It's all they know.
     
  7. Toro
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    Toro Diamond Member

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    She isn't talking about a VAT. She's talking about a tax on all financial transactions.

    And its one reason why I want the Republicans to win the House. There are too many loopy Democrat ideas to let them control everything.
     
  8. LordBrownTrout
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    LordBrownTrout Gold Member

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    Merit in her twisted world but they will not have the votes in a few weeks.
     
  9. FA_Q2
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    FA_Q2 Gold Member

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    this is no surprise here as politicians are always looking for the pay dirt and seem to think that taxing the $*&% out of people is going to magically grow the economy. Hmmmm
     
  10. taichiliberal
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    taichiliberal BANNED

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    Reality check:

    .....A tax of 0.25 percent on the sale or purchase of a share of stock will make little difference to a person who intends to hold the share for 5-10 years as a long-term investment. This tax would cost someone buying $10,000 of IBM stock $25 when they purchase their shares. If the price doubles in ten years, then they will have to pay $50 when they sell. These fees would be dwarfed by their capital gains taxes.

    "Similarly, if a farmer had to pay a tax of 0.02 percent on purchasing futures to hedge her wheat crop, the cost for hedging a $400,000 crop would be $80. This expense would have little impact on her decision to hedge her crop or on her income from farming. In fact, since the price of trading share of stock, futures, and other financial assets has fallen sharply in the last three decades, a modest transactions tax would just raise the cost of trading back to where it was 15 to 20 years ago."


    Dean Baker: A Financial Transactions Tax



    Okay, let me blunt: here we have YET another example of a bunch of neocon/teabagging/birther/PNAC acolyte assholes defending the very people who screw them over. They just don't get it.......the investor class, the Wall Streeters, the corporate owners are about economic dominance. It's not that they couldn't easily afford the pittance of the actual transaction tax, THEY JUST DON'T WANT TO BE MADE TO PAY IT...because God forbid they put a little something back into the society they helped SCREW up. After all, the "wage slaves" don't deserve any help if they weren't smart enough to be one of the financial elite.

    WAKE THE FUCK UP, PEOPLE!
     

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