Tax Wall Street Speculators

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.

 

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.

 

Hmm the most important one was left out of the poll

Cut Spending across the board

 

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.

 

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.

 

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

 

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.

 

I vote no tax on speculators.

It's a bad idea.

 

I agree. Most are already subject to short term capital gains taxes (which are the same as income taxes).

 

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.