Tax Wall Street Speculators

Discussion in 'Politics' started by kyzr, Apr 20, 2011.

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Which Wall Street revenue enhancements do you support?

  1. Short sellers; make them pay heavy taxes on gains and no deducting losses

    4 vote(s)
    57.1%
  2. Place an 0.50% tax on all stock sales & purchases

    3 vote(s)
    42.9%
  3. Place an 0.50% tax on all options/futures/currency purchases

    2 vote(s)
    28.6%
  4. Tax all commodity purchases 0.50%

    3 vote(s)
    42.9%
  5. Tax derivatives at a 2% rate to purchase, no losses can be deducted

    2 vote(s)
    28.6%
  6. Any other financial devices we can tax? Please post ideas.

    2 vote(s)
    28.6%
  7. Corporations get tax breaks only for job creation & capital investment in the US

    5 vote(s)
    71.4%
Multiple votes are allowed.
  1. kyzr
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    kyzr Gold Member

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    Thinking who to tax and how to tax to raise revenue and yet be a net positive to the overall economy and job creation.

    Who supports taxing the Wall Street speculators and computer traders that do not raise capital or create jobs, or pay taxes for that matter.
     
  2. asterism
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    asterism Congress != Progress

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    A liquid market is pretty necessary for an accurate capital base. Do you remember the days when one had to use a live broker trading shares in manual paper? It was quite expensive.
     
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  3. Robert
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    Robert Really nice Guy

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    Hmm the most important one was left out of the poll

    Cut Spending across the board
     
  4. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    i voted other.

    I say no new taxes but change the tax code so they can't write off any gambling, I mean investment, losses.
     
  5. expat_panama
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    expat_panama Silver Member

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    Hey NEAT! Solve everything by picking some group and making up bad stuff about them. I vote for taxing owners of bars that play loud music that do not raise capital or create jobs, or pay taxes for that matter.

    Naw, just saying it doesn't make it true, not for stock traders not for bar owners.
     
  6. expat_panama
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    expat_panama Silver Member

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    So what was so bad about those days. I mean, other than double digit inflation, double digit unemployment, the Soviet missile threat, and disco.
     
  7. kyzr
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    kyzr Gold Member

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    How about the days when AIG et. al. speculated in derivatives and tore up $trillions in losses that they couldn't cover. How about the oil spike a few years ago, that did no good for anyone? Just some kids playing with derivatives.

    IMHO if they don't do anything that helps create jobs, tax the piss out of them.
     
  8. Toro
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    Toro Diamond Member

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    I vote no tax on speculators.

    It's a bad idea.
     
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  9. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    I agree. Most are already subject to short term capital gains taxes (which are the same as income taxes).
     
  10. Cuyo
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    Cuyo Training a Guineapig army

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    Meeehhhh... I don't like it. They're already taxed if they make money. I'd rather see that income treated as regular income (subject to regular income tax, eg Schedule E, on line 17 of your return rather than 13) before any of the kabuki options listed.
     

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