Sanders just submitted college for all bill.

[Arianrhod]

this move might cost Sanders the nomination. The general folk is too cash strapped right now for this
proposal to fly

IT'S NOT ABOUT "THE GENERAL FOLK," IT'S ABOUT A ONE-HALF PERCENT TAX ON HEDGE FUND TRANSACTIONS!

Trick question: Does anyone here even know what a hedge fund is?

I don't..........seems to me everyone else does--------so I keep quiet when the subject is
mentioned-------should I google? should I care?

Because you were open-minded enough to ask, I'll do that for you:

Hedge fund - Wikipedia, the free encyclopedia

I know the explanation just makes it more confusing, but basically it comes down to money making money on money. It's the wealthy investors' equivalent of playing the slots...except that they own the casino.

 

[irosie91]

isn't a widget something in the lawn game croquet????

 

[Penelope]

Soon there won't be stick and motor colleges, no sense in adding on to them. I know teachers who got teaching degrees via net and did on the job training in her area ,, and also one does not need to go to school, except for testing's or for on the job training, or chemistry classes, etc. There goes a lot of construction jobs, teaching jobs, janitor jobs, etc. That will become the norm In they say 20 years.

They are even thinking of changing law schools, learn the basics and then pick your area, work under a mentor.

I mean today, a teen is young as 12 and as old as 29, start younger and last longer.

A trade school degree costs about 33K, which puts it out of reach for many families. Trade schools would be included in the proposed legislation.

Once upon a time, BTW, state college tuition was free or as low as $50 a semester.

I never lived where state college was free, but yes college tuition has gone up so much, why, I know a teacher who got their degree online and by doing testing and in-service at a local school she lived by. Most brick and mortar colleges do more and more via internet.

 

[Arianrhod]

this move might cost Sanders the nomination. The general folk is too cash strapped right now for this
proposal to fly

IT'S NOT ABOUT "THE GENERAL FOLK," IT'S ABOUT A ONE-HALF PERCENT TAX ON HEDGE FUND TRANSACTIONS!

Trick question: Does anyone here even know what a hedge fund is?

No. It is a tax on all stock trades. Higher costs for my mutual funds takes money away from my retirement.

If your broker is an idiot. If he's smart, he'll eat those costs himself, then write them off as a loss. Kind of like when a retailer hides the sales tax in the cost of the widget you're buying.

what is a "widget" ? It is not legal to hide the sales tax in the price------or so I used to
believe

"Widget" is just a word I used for "whatever you buy in a retail store." What I was thinking of was the fact that some retailers will price something at the round dollar price - instead of $9.99, they'll charge you a flat $10 and subtract the sales tax later. Streamlines the checkout process and the accounting process. Don't know if it's illegal...maybe it varies by state.

 

[Toddsterpatriot]

Awesome idea! What will we do when trading operations relocate to London or Frankfurt?

Over a 0.05% fee? Not gonna happen.

Over a 0.05% fee?

Ummmmm.......

0.5% on stock trades

Perhaps you need a math class?

It has been estimated that this provision could raise hundreds of billions a year

Yes, hundreds of billions a year would be a great incentive to move operations.

Okay, one zero too many. I plead guilty to being mathmactically dyslexic.

That said, stop and think for a minute: If a 0.5% per hedge fund transaction will raise billions, just how much revenue do hedge funds generate?

P.S. Hedge-fund speculation on subprime mortgage bundles was what caused the crash in '08. Also, hedge funds are only a portion of the stock market. You do understand that, right?

That said, stop and think for a minute: If a 0.5% per hedge fund transaction will raise billions, just how much revenue do hedge funds generate?

Revenues? Just look at profits. Will they just give up hundreds of billions (a huge chunk of annual profit), just because a leftist moron thinks it's a good idea? LOL!

P.S. Hedge-fund speculation on subprime mortgage bundles was what caused the crash in '08.

P.S. government pressure to lend to sub-prime borrowers is what caused the crisis.

Also, hedge funds are only a portion of the stock market.

It would hit shares you trade, it would hit your mutual funds that trade.
You understand that, right?

 

[Toddsterpatriot]

this move might cost Sanders the nomination. The general folk is too cash strapped right now for this
proposal to fly

IT'S NOT ABOUT "THE GENERAL FOLK," IT'S ABOUT A ONE-HALF PERCENT TAX ON HEDGE FUND TRANSACTIONS!

Trick question: Does anyone here even know what a hedge fund is?

No. It is a tax on all stock trades. Higher costs for my mutual funds takes money away from my retirement.

If your broker is an idiot. If he's smart, he'll eat those costs himself, then write them off as a loss. Kind of like when a retailer hides the sales tax in the cost of the widget you're buying.

If your broker is an idiot. If he's smart, he'll eat those costs himself, then write them off as a loss.

LOL! That's funny.

 

[Arianrhod]

I never lived where state college was free, but yes college tuition has gone up so much, why, I know a teacher who got their degree online and by doing testing and in-service at a local school she lived by. Most brick and mortar colleges do more and more via internet.

And as more and more colleges are forced to accept open carry, eventually all higher education will move online. But, yeah, when Sanders went to Brooklyn College (a city university), it was tuition-free, as were all the SUNY (state universities) colleges.

Uh-oh. I see why so many people in this thread are have shitfits. They're thinking: Bernie Sanders got a free education. Sanders is the Antichrist (well, except for Hillary). Down with free education! J/k...maybe. Because Hillary went to Yale. No free education there.

 

[Arianrhod]

Revenues? Just look at profits. Will they just give up hundreds of billions (a huge chunk of annual profit)?

Obviously the Sanders campaign has looked at the accounting. Clearly you have, too. Present it here.

 

[Toddsterpatriot]

Revenues? Just look at profits. Will they just give up hundreds of billions (a huge chunk of annual profit)?

Obviously the Sanders campaign has looked at the accounting. Clearly you have, too. Present it here.

If his campaign thinks it will raises hundreds of billions, their accounting is wrong.


The Monstrous Idiocy Of The Robin Hood Tax Rears Its Ugly Head Again

 

[Arianrhod]

Revenues? Just look at profits. Will they just give up hundreds of billions (a huge chunk of annual profit)?

Obviously the Sanders campaign has looked at the accounting. Clearly you have, too. Present it here.

If his campaign thinks it will raises hundreds of billions, their accounting is wrong.


The Monstrous Idiocy Of The Robin Hood Tax Rears Its Ugly Head Again

I love it when people let an op-ed tell them what to think.

 

[Penelope]

I remembered reading some college was free,

The era of free tuition ended, ironically, with the student movement of the 1960s, just as campuses were getting more populous, diverse, and democratic. Ronald Reagan made the University of California a major punching bag of his 1966 campaign for governor of California, with the encouragement of FBI director J. Edgar Hoover, who saw campus peace activists as dangerous subversives. Upon taking office, Reagan managed to have UC president Clark Kerr fired—he had been the architect of mass higher education not just in California, but across the country—and hiked fees at the UC colleges to the approximate levels of tuition charged elsewhere.

A similar story happened in New York. In the 1960s, blacks and Latinos made up less than one-fifth of all students at CUNY schools, and most were confined to a non-baccalaureate track. The same colleges that had offered the city’s Jews and other immigrant groups important opportunities for advancement in the 1930s were frustrating the dreams of a new generation.

In the spring of 1969, students at City College staged a campus takeover, hanging a banner that proclaimed the school that had once been known as the “Harvard of the poor” to be “Harlem University.” Student activism and community support led the state Board of Higher Education to vote swiftly to open CUNY admission for the first time to all city high school graduates. However, only a few years after the college was fully integrated, in 1976, CUNY’s board voted to impose tuition for the first time. It seemed that citizens could support free education, or open education, but not both.

Whatever Happened to When College Was Free?

 

[Toddsterpatriot]

Revenues? Just look at profits. Will they just give up hundreds of billions (a huge chunk of annual profit)?

Obviously the Sanders campaign has looked at the accounting. Clearly you have, too. Present it here.

If his campaign thinks it will raises hundreds of billions, their accounting is wrong.


The Monstrous Idiocy Of The Robin Hood Tax Rears Its Ugly Head Again

I love it when people let an op-ed tell them what to think.

But enough about you.
Sander's idea is stupid. It'll cost jobs and reduce tax revenues, not increase them by hundreds of billions.

 

[Arianrhod]

Sander's idea is stupid. It'll cost jobs and reduce tax revenues, not increase them by hundreds of billions.

Show your work. Or is "because I said so" all you have?

 

[Toddsterpatriot]

Sander's idea is stupid. It'll cost jobs and reduce tax revenues, not increase them by hundreds of billions.

Show your work. Or is "because I said so" all you have?

No net revenue will be raised by the specific proposals that have been put forward. This will sound strange to those who can see that there will indeed be revenue coming from the tax, but that is because while there will indeed be revenue from the tax itself there will also be falls in revenue from other taxes. The net effect of this is that there will be less revenue in total as a result of an FTT.
But of course, do not just take our word for it. That of the European Commission should be sufficient1:
‘With a tax rate of 0.1% the model shows drops in GDP (-1.76%) in the long-run. It should be noted that these strong results are related to the fact that the tax is cumulative and cascading which leads to rather strong economic reactions in the model.’ (Vol. 1 (Summary), p. 50)
Revenue estimates are as follows:
‘[A] stylised transaction tax on securities (STT), where it is assumed that all investment in the economy are financed with the help of securities (shares and bonds) at 0.1% is simulated to cause output losses (i.e. deviation of GDP from its longrun baseline level) of up to 1.76% in the long run, while yielding annual revenues of less than 0.1% of GDP.’ (Vol. 1 (Summary), p. 33)
A reasonable estimate of the marginal rate of taxation for EU countries is 40-50% of any increase in GDP. That is, that from all of the various taxes levied, 40-50% of any increase in GDP ends up as tax revenues to the respective governments. Thus if we have a fall of 1.76% in GDP we have a fall in tax revenues of 0.7-0.9% of GDP. The proposed FTT is a tax which collects 0.1% of GDP while other tax collections fall by 0.7-0.9% of GDP. It is very difficult indeed to describe this as an increase in tax revenue.
There are, however, bureaucratic reasons why the European Commission might still suggest such a tax move. The revenues from the FTT would be designated as the EU’s ‘own resources’, that is, money which comes to the centre to be spent as of right; not, as with the current system, money begrudgingly handed over by national governments. The EU bureaucracy therefore has a strong interest in promoting such a change. What’s in it for the rest of society is harder to spot.
This result is not unexpected. When the Institute for Fiscal Studies looked at the impacts of the UK’s own FTT, Stamp Duty upon shares2, they found much the same result – from the same cause too. Such a transactions tax upon securities lowers securities prices. This then makes the issuance of new securities more expensive for those wishing to raise capital. More expensive capital leads, inexorably, to less of it being used and thus less growth in the economy.
Please note that this is not some strange application of the Laffer Curve argument. It is not to say that lowering all taxes, or any tax, leads to such extra growth that revenues increase. Rather, it is derived from Diamond and Mirrlees (1971)3 that transactions taxes multiply then cascade through the economy. They are therefore best avoided if another method of achieving the same end is available. Indeed, they point out that taxation of intermediate inputs is to be avoided if possible – better by far to tax final consumption or some other final result of the economy. This very point is acknowledged in the way VAT is structured. Rather than a series of sales taxes which accumulate as one company sells to another along the production chain, there is a value added tax which amounts to one single rate at the point of final consumption.
That this point is recognised in a major part of our taxation system suggests that it might be wise to recognise it with regard to the FTT.

http://www.iea.org.uk/sites/default/files/publications/files/Financial Transaction Tax_0.pdf

If you see any flaws in Tim Worstall's work, by all means, please share.

 

[Arianrhod]

^Thank you. I'll read through that at my leisure. Interesting, though, that a Brit knows more about U.S. financial markets than most Americans.

 

[Toddsterpatriot]

^Thank you. I'll read through that at my leisure. Interesting, though, that a Brit knows more about U.S. financial markets than most Americans.

If there weren't so many ignorant Americans, Sanders wouldn't be doing as well. Hillary either.

 

[Arianrhod]

^Thank you. I'll read through that at my leisure. Interesting, though, that a Brit knows more about U.S. financial markets than most Americans.

If there weren't so many ignorant Americans, Sanders wouldn't be doing as well. Hillary either.

So which of the People with No Political Experience has won your heart?

The multiple bankrupt?
The Young Earther preparing us for the "End Times"?
Or the one who treated herself to a hefty severance package after running HP into the ground?

 

[Toddsterpatriot]

^Thank you. I'll read through that at my leisure. Interesting, though, that a Brit knows more about U.S. financial markets than most Americans.

If there weren't so many ignorant Americans, Sanders wouldn't be doing as well. Hillary either.

So which of the People with No Political Experience has won your heart?

The multiple bankrupt?
The Young Earther preparing us for the "End Times"?
Or the one who treated herself to a hefty severance package after running HP into the ground?

I like Cruz.

 

[Arianrhod]

^Thank you. I'll read through that at my leisure. Interesting, though, that a Brit knows more about U.S. financial markets than most Americans.

If there weren't so many ignorant Americans, Sanders wouldn't be doing as well. Hillary either.

So which of the People with No Political Experience has won your heart?

The multiple bankrupt?
The Young Earther preparing us for the "End Times"?
Or the one who treated herself to a hefty severance package after running HP into the ground?

I like Cruz.

Well, maybe after the Big Three crash and burn his numbers will go up. Even so, once the No-Experience triumvirate goes back to their Day Jobs, it'll probably be Jeb!

 

[Toddsterpatriot]

^Thank you. I'll read through that at my leisure. Interesting, though, that a Brit knows more about U.S. financial markets than most Americans.

If there weren't so many ignorant Americans, Sanders wouldn't be doing as well. Hillary either.

So which of the People with No Political Experience has won your heart?

The multiple bankrupt?
The Young Earther preparing us for the "End Times"?
Or the one who treated herself to a hefty severance package after running HP into the ground?

I like Cruz.

Well, maybe after the Big Three crash and burn his numbers will go up. Even so, once the No-Experience triumvirate goes back to their Day Jobs, it'll probably be Jeb!

Jeb sucks.