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I support the new transaction tax. It only hits the high-frequency traders, who steal our 401Ks by "front-running" trades.Those that indulge in Wall Street transactions, already pay taxes on income/profits. Enough taxing for the already bloated government.
the greed of leftist dems is grossHow Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
Indeed...The greed of looters like Sanders and Lee is quite grotesque.How Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
A lot of small fry are into day trading...This would hit them hardest.I support the new transaction tax. It only hits the high-frequency traders, who steal our 401Ks by "front-running" trades.Those that indulge in Wall Street transactions, already pay taxes on income/profits. Enough taxing for the already bloated government.
If you buy and hold stocks, the way the stock market is supposed 5to work, by providing capital to companies, you won't even notice the tax.
1. I like the transaction tax, it keeps the money that high-frequency traders would steal in our 401Ks.A lot of small fry are into day trading...This would hit them hardest.I support the new transaction tax. It only hits the high-frequency traders, who steal our 401Ks by "front-running" trades.Those that indulge in Wall Street transactions, already pay taxes on income/profits. Enough taxing for the already bloated government.
If you buy and hold stocks, the way the stock market is supposed to work, by providing capital to companies, you won't even notice the tax.
The huge brokerages can either absorb the costs or pass them along.
Even money that Batshit Bern and Lee are getting some Wall Street payola for this.
Idiocy is more groteasque. How does anyone, asidie from greedy government employees, benefit by taxing transactions?How Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
Buying and selling is not stealing.1. I like the transaction tax, it keeps the money that high-frequency traders would steal in our 401Ks.A lot of small fry are into day trading...This would hit them hardest.I support the new transaction tax. It only hits the high-frequency traders, who steal our 401Ks by "front-running" trades.Those that indulge in Wall Street transactions, already pay taxes on income/profits. Enough taxing for the already bloated government.
If you buy and hold stocks, the way the stock market is supposed to work, by providing capital to companies, you won't even notice the tax.
The huge brokerages can either absorb the costs or pass them along.
Even money that Batshit Bern and Lee are getting some Wall Street payola for this.
2. Another tax I like is the "Remittance Tax" on money sent out of the USA. That would generate about $150b a year in new revenue.
You already said that.1. I like the transaction tax, it keeps the money that high-frequency traders would steal in our 401Ks.A lot of small fry are into day trading...This would hit them hardest.I support the new transaction tax. It only hits the high-frequency traders, who steal our 401Ks by "front-running" trades.Those that indulge in Wall Street transactions, already pay taxes on income/profits. Enough taxing for the already bloated government.
If you buy and hold stocks, the way the stock market is supposed to work, by providing capital to companies, you won't even notice the tax.
The huge brokerages can either absorb the costs or pass them along.
Even money that Batshit Bern and Lee are getting some Wall Street payola for this.
2. Another tax I like is the "Remittance Tax" on money sent out of the USA. That would generate about $150b a year in new revenue.
To answer your question, damn near everyone benefits. The stock market is a huge arena for speculators, and that is a problem. Speculation has driven up the price of everything from gasoline to bread. For instance, to trade futures, like oil and especially grain, one had to be able to take delivery, or deliver, the actual commodity they were trading. For instance, I have always been able to trade grain futures, I can deliver the product, or I can take delivery of the product and store it in my silos. But now, well anyone and everyone can trade those grain futures. If I want to hedge my crop I have to deal with them yahoos, who are merely speculating and have no capability of accepting, or delivering, on the contracts they buy. A simple estimate, oil futures speculation accounts for at least 25% of the price of gasoline. A transaction tax would at least mitigate the damage caused by pure speculation. And that speculation does absolutely nothing for the economy, if anything, it results in a misallocation of resources, which dampens economic growth and stifles innovation.Idiocy is more groteasque. How does anyone, asidie from greedy government employees, benefit by taxing transactions?How Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
Should be done.How Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
Wrong. Speculation, as you call it, is how the value of stuck is determined. The faster the price moves to the equilibrium value, the better. This tax will only slow that process down.To answer your question, damn near everyone benefits. The stock market is a huge arena for speculators, and that is a problem. Speculation has driven up the price of everything from gasoline to bread. For instance, to trade futures, like oil and especially grain, one had to be able to take delivery, or deliver, the actual commodity they were trading. For instance, I have always been able to trade grain futures, I can deliver the product, or I can take delivery of the product and store it in my silos. But now, well anyone and everyone can trade those grain futures. If I want to hedge my crop I have to deal with them yahoos, who are merely speculating and have no capability of accepting, or delivering, on the contracts they buy. A simple estimate, oil futures speculation accounts for at least 25% of the price of gasoline. A transaction tax would at least mitigate the damage caused by pure speculation. And that speculation does absolutely nothing for the economy, if anything, it results in a misallocation of resources, which dampens economic growth and stifles innovation.Idiocy is more groteasque. How does anyone, asidie from greedy government employees, benefit by taxing transactions?How Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
It's purely a revenue grab dreamed up by a communist. It's no surprise that every idiot in the forum supports it.Should be done.How Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
Not just a revenue thing.
Slow down day trading and similar activities which will bring more stability to the markets
Force speculators into more stable investments again, adding stability
And, of course, there's the money.
2000, 2008, 2020It's purely a revenue grab dreamed up by a communist. It's no surprise that every idiot in the forum supports it.Should be done.How Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
Not just a revenue thing.
Slow down day trading and similar activities which will bring more stability to the markets
Force speculators into more stable investments again, adding stability
And, of course, there's the money.
What are these dates/numbers supposed to signify? What reforms?2000, 2008, 2020It's purely a revenue grab dreamed up by a communist. It's no surprise that every idiot in the forum supports it.Should be done.How Wall Street Gets Its Way
Bernie Sanders and Barbara Lee want to tax Wall Street transactions. Corporate America's lobbyists are fighting them tooth and nail. A new report explains why the sector so rarely has to swallow its own political defeat.
greed is grotesque!
Not just a revenue thing.
Slow down day trading and similar activities which will bring more stability to the markets
Force speculators into more stable investments again, adding stability
And, of course, there's the money.
These reforms would have reduced the effect of these Republican led economic failures.
But since Tiny Brained "conservatives" can't remember history past tonight's Hannity it's not surprising you're ignorance of the events.
We "invest" in companies, to grow and hire more people. We hold stock months or years in our 401Ks.Buying and selling is not stealing.1. I like the transaction tax, it keeps the money that high-frequency traders would steal in our 401Ks.A lot of small fry are into day trading...This would hit them hardest.I support the new transaction tax. It only hits the high-frequency traders, who steal our 401Ks by "front-running" trades.Those that indulge in Wall Street transactions, already pay taxes on income/profits. Enough taxing for the already bloated government.
If you buy and hold stocks, the way the stock market is supposed to work, by providing capital to companies, you won't even notice the tax.
The huge brokerages can either absorb the costs or pass them along.
Even money that Batshit Bern and Lee are getting some Wall Street payola for this.
2. Another tax I like is the "Remittance Tax" on money sent out of the USA. That would generate about $150b a year in new revenue.
