Reduce the debt one transaction at a time

[rightwinger]

In the end, they will get it all. Because they have the self imposed authority to coerce or use violence to get what they deem is theirs. Just another ring in the tree of circular history.

The sad part is, half of the public is onboard for it. Not realizing that eventually, they will come for what you have too. No matter how meager it may be.

Considering we have the lowest tax rates in our lifetimes, all this talk of doom and gloom is a bit silly, don't ya think?

If Obama is successful in hiking taxes on the wealthy and when he quickly burns thru their money, who do you think is next? He's already raising the middle classes taxes behind their back thru things like ObamaCare. They think they are getting something great without realizing that the my2k charade is a wash with all of his other taxes.

What programs have been proposed that will quickly burn through our money?


Ummmmmm.....none

 

[boedicca]

Spitzer

Here is the idea: A tax of less than half a percent on every $100 of stock sales or sales of other financial instruments including bonds, derivatives, and options. The tax could raise anywhere from $170 billion to $350 billion per year depending how it was applied. Extend that over 10 years, and we are raising almost what the White House and Republicans agree needs to be raised in order to accomplish the objectives of a grand bargain.

But there is an added benefit here: Trading in the equity and debt markets has gone wild over the past few years. High-speed trading and speculation have overtaken the economically legitimate reasons for our desire to have highly liquid markets: the capacity to raise capital and then allocate it efficiently among sectors and companies. The trading that has emerged over the past few years is not serving that purpose—it is a casino enterprise driven by hidden pools and computer algorithms that do not seek to hold capital for longer than an instant.

We are all used to paying a sales tax when we buy things—almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way. Maybe this is the old idea that we need folks in D.C. to pay attention to again.

Another stupid idea.

Google invented employee stock units in order to subvert the tax impact of stock options. Whenever the government taxes and regulates one financial instrument, the market will invent another.

The real answer is for the government to quit wasting such an ungodly amount of money.

 

[Skull Pilot]

Insider trading would be an excellent start but you probably like that too as it also unfairly sucks value from the market.

Insider trading is illegal unless you happen to be a member of the house or senate that is.

Buying and selling legally no matter how quickly is not insider trading is it?

Both use a means not available to your everyday over-the-counter trader to increase profits/pass on losses on stock trades and hurt regular investors yet one is legal and the other not.

You can sit at your computer and buy and sell as many stocks as you want every day. No one is stopping you.

Hell you can even automate buy and sell orders if you want.

 

[bripat9643]

Spitzer

Here is the idea: A tax of less than half a percent on every $100 of stock sales or sales of other financial instruments including bonds, derivatives, and options.

Fuck that. Why are Obama fluffers so eager to pay taxes? Oh yeah, they aren't. They want other people to pay taxes. Obama fluffers typically don't own stock, so it's no surprise that they want to tax stock transactions.

But there is an added benefit here: Trading in the equity and debt markets has gone wild over the past few years. High-speed trading and speculation have overtaken the economically legitimate reasons for our desire to have highly liquid markets: the capacity to raise capital and then allocate it efficiently among sectors and companies. The trading that has emerged over the past few years is not serving that purpose—it is a casino enterprise driven by hidden pools and computer algorithms that do not seek to hold capital for longer than an instant.

Commie propaganda. Your tax won't slow trading one microsecond. All it will do is divert money that would normally be invested into the black hole called the federal government.

We are all used to paying a sales tax when we buy things—almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way. Maybe this is the old idea that we need folks in D.C. to pay attention to again.

We don't have a need for revenue. We have a need to cut spending. You also listed the same so-called "benefit" twice.

Weak.

 

[bripat9643]

Insider trading would be an excellent start but you probably like that too as it also unfairly sucks value from the market.

Insider trading doesn't suck any value from the market whatsoever.

 

[occupied]

Insider trading is illegal unless you happen to be a member of the house or senate that is.

Buying and selling legally no matter how quickly is not insider trading is it?

Both use a means not available to your everyday over-the-counter trader to increase profits/pass on losses on stock trades and hurt regular investors yet one is legal and the other not.

You can sit at your computer and buy and sell as many stocks as you want every day. No one is stopping you.

Hell you can even automate buy and sell orders if you want.

Still pretty sure you do not know what you are defending but then again you would probably just defend a banker/stock broker from all criticism no matter how much value they suck from our retirement plans through stuff like this. You know, people who can hire entire law firms for years at a time and and circumvent the entire regulatory structure probably do not need you to defend them nor do they appreciate your efforts enough to not screw you like anyone else.

 

[KissMy]

That would definitely take care of the computerized high frequency front running trading problem plaguing this country.

I would even like to see a half a cent tax on emails. It would really hit those spammers hard. It would kill those 200+ spam emails I have to go through every day.

Just triple the postage rate for junk snail mail. That would pay the national debt in about a week with a nice little reserve to boot.

We subsidize junk mail. We pay 45 cents & advertisers pay under 20 cents. Of course their bulk mail has to already be rout sorted to get that rate.

 

[Rozman]

Gotta love these guys....
They love being the first kid on the block to come up with a new tax...
You know what....It's another tax.
Don't care how small,don't care how creative...
Don't care...it's another tax....

Geez.enough already.
Start cutting spending

 

[JakeStarkey]

only a libertarian fluffer would write that.

Insider trading doesn't suck any value from the market whatsoever.

 

[Skull Pilot]

Both use a means not available to your everyday over-the-counter trader to increase profits/pass on losses on stock trades and hurt regular investors yet one is legal and the other not.

You can sit at your computer and buy and sell as many stocks as you want every day. No one is stopping you.

Hell you can even automate buy and sell orders if you want.

Still pretty sure you do not know what you are defending but then again you would probably just defend a banker/stock broker from all criticism no matter how much value they suck from our retirement plans through stuff like this. You know, people who can hire entire law firms for years at a time and and circumvent the entire regulatory structure probably do not need you to defend them nor do they appreciate your efforts enough to not screw you like anyone else.

I'm not defending anyone. I'm just not for banning or punishing the buying and selling of anything.

I don't use stock brokers and never have. You don't have to either.

 

[bripat9643]

only a libertarian fluffer would write that.

Insider trading doesn't suck any value from the market whatsoever.

Who would a libertarian fluff, moron? The term is only relevant to idiots who worship gutter politicians like Obama. Libertarians hate politicians as a general principal.

The fact is indisputable that insider trading doesn't take any value out of the market. It only changes the identity of who gains value and who loses.

 

[JakeStarkey]

We see bripat, the libertarian fluffler, fluffing along, something he loves to do: fluff.

 

[KissMy]

I'm not defending anyone. I'm just not for banning or punishing the buying and selling of anything.

I don't use stock brokers and never have. You don't have to either.

Do you even get that HFT front running trades destroy efficient markets?

Forcing your ideology on something you do not understand it destructive.

 

[Jroc]

Spitzer

Here is the idea: A tax of less than half a percent on every $100 of stock sales or sales of other financial instruments including bonds, derivatives, and options. The tax could raise anywhere from $170 billion to $350 billion per year depending how it was applied. Extend that over 10 years, and we are raising almost what the White House and Republicans agree needs to be raised in order to accomplish the objectives of a grand bargain.

But there is an added benefit here: Trading in the equity and debt markets has gone wild over the past few years. High-speed trading and speculation have overtaken the economically legitimate reasons for our desire to have highly liquid markets: the capacity to raise capital and then allocate it efficiently among sectors and companies. The trading that has emerged over the past few years is not serving that purpose—it is a casino enterprise driven by hidden pools and computer algorithms that do not seek to hold capital for longer than an instant.

We are all used to paying a sales tax when we buy things—almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way. Maybe this is the old idea that we need folks in D.C. to pay attention to again.

Without spending reform they spend any additional revenue

 

[Skull Pilot]

I'm not defending anyone. I'm just not for banning or punishing the buying and selling of anything.

I don't use stock brokers and never have. You don't have to either.

Do you even get that HFT front running trades destroy efficient markets?

Forcing your ideology on something you do not understand it destructive.

High Frequency Trading Doesn't Hurt Individual Investors - Forbes

 

[kwc57]

Considering we have the lowest tax rates in our lifetimes, all this talk of doom and gloom is a bit silly, don't ya think?

If Obama is successful in hiking taxes on the wealthy and when he quickly burns thru their money, who do you think is next? He's already raising the middle classes taxes behind their back thru things like ObamaCare. They think they are getting something great without realizing that the my2k charade is a wash with all of his other taxes.

What programs have been proposed that will quickly burn through our money?


Ummmmmm.....none

Since you spend a great deal of time here, I would assume you read a post or two in addition to posting yourself. In case you actually are not aware.......we are already spending money much faster than we are taking it in. Something to the tune of one trillion per year. We wouldn't have to add a single program in order to burn thru money. We are already burning thru it. Taxing the rich to pay down the debt is like slapping a bandaid on a severed head. We have a spending problem. Adding monstrosities like ObamaCare just adds to the problem. Plus there are many new taxes and fees hidden inside the bill that the Democrats said we have to pass to learn what's in it. Now it is coming out. While I fully support making the BUSH Tax Cuts permanent for ALL Americans, the $2k that Obama says it will leave in the pockets of Americans will just be devoured by his other taxes. Look, he knows it looks bad and is embarrassing to keep adding to the debt in astronomical numbers. The "tax the rich" mantra was a nice slab of red meat to excite the base and get out the vote. But the truth is, if he is going to use taxation to pay the debt, taxing the rich will only be a drop in the proverbial bucket. He could tax every person in the US who makes in excess of $250K 100% and it won't pay down the debt. When that money is gone, WHO is next? It has to be the people making under $250k. This is why Republicans keep offering a balanced approach of an increase in revenues AND spending cuts. Obama keeps rejecting it and simply wants to tax the rich. He doesn't have a fucking clue what the hell he is doing. He is operating out of ideology only. Left to his own devices, he will destroy........pardon me, fundamentally change.....this great nation of ours. It is his stated goal. You can look his words up o nthe interwebs.

 

[KissMy]

I'm not defending anyone. I'm just not for banning or punishing the buying and selling of anything.

I don't use stock brokers and never have. You don't have to either.

Do you even get that HFT front running trades destroy efficient markets?

Forcing your ideology on something you do not understand it destructive.

High Frequency Trading Doesn't Hurt Individual Investors - Forbes

Wow an article from a pro HFT Wallstreet insider.

HFT caused the "Flash Crash". It front runs the public that can't all be insider exchange operators. It has caused continuous outflows since the Flash Crash it caused. Frightened investors does not make for efficient fair markets.

 

[Skull Pilot]

Do you even get that HFT front running trades destroy efficient markets?

Forcing your ideology on something you do not understand it destructive.

High Frequency Trading Doesn't Hurt Individual Investors - Forbes

Wow an article from a pro HFT Wallstreet insider.

HFT caused the "Flash Crash". It front runs the public that can't all be insider exchange operators. It has caused continuous outflows since the Flash Crash it caused. Frightened investors does not make for efficient fair markets.

You have yet to tell me how these short term flash fluctuations affect a long term investor.

Hint: They don't.

 

[bripat9643]

We see bripat, the libertarian fluffler, fluffing along, something he loves to do: fluff.

Do you even know what a fluffer is?

Who am I fluffing, moron?

 

[JakeStarkey]

bripat loves to autofluff according to his fellow libertarian fluffers.