Democrats propose "transaction tax" on financial transactions. (Poll)

Do you support the new "transaction tax", and if so, what would you do with the revenue?

  • No, I'll explain why in my post

    Votes: 18 64.3%
  • Yes, to pay for free community college & job training

    Votes: 3 10.7%
  • Yes, to pay for 1/2 of 4-year college and advanced degrees

    Votes: 0 0.0%
  • Yes, to pay into the general revenue fund to pay for SS & Medicare

    Votes: 2 7.1%
  • Yes, see my post for where I'd put the $80b/yr revenue

    Votes: 5 17.9%

  • Total voters
    28

kyzr

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I never thought that I'd ever be on the same side as Ilhan Omar, but here we are.
I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.

The argument against it is that high-speed traders will just move off-shore to do their trades, fine.
They are nothing but leeches stealing our 401k investments.


"This (transaction tax) makes financial markets fairer and possibly less volatile. As described by Michael Lewis in Flash Boys, high frequency traders (HFTs) can earn profits by front-running other trades by micro-seconds, an activity that raises costs for legitimate traders and provides no value to society. HFTs account for roughly half all stock trades and much of their business model would be threatened by the proposed transactions tax.
Under current law, someone selling or buying $1,000 of stock pays just over two cents in transaction taxes. This existing fee raises over $1.5 billion per year. The proposal would add a tax of $1 to that transaction."
 

rightwinger

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I agree

Right now the super wealthy are only taxed on their income. They are clever enough not to claim income. We cannot touch their wealth.
A small fee on transactions (like a sales tax) will open up their wealth to taxation
 

pknopp

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I agree

Right now the super wealthy are only taxed on their income. They are clever enough not to claim income. We cannot touch their wealth.
A small fee on transactions (like a sales tax) will open up their wealth to taxation
How many times should a dollar be taxed, stalin?

These dollars are not taxed like others pay taxes on their dollars. Capital Gains are taxed at a lower rate. I'm all for taxing income as income instead.
 

pknopp

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pknopp

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SassyIrishLass

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TNHarley

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OMG
These fuckin loons will tax orgasms if they could.
Goddamn authoritarians!

You prefer just giving money away and adding to the debt?

Trump's Road to Socialism | Tho Bishop
No

So what we have here is a proposal to start paying for things and you are still against that?
Start paying for what? Shit the federal govt has no business doing?
You federal supremacists make me fucking sick to my stomach. This countries founders died in vain because of shit stains like you.
 

Polishprince

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I never thought that I'd ever be on the same side as Ilhan Omar, but here we are.
I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.

The argument against it is that high-speed traders will just move off-shore to do their trades, fine.
They are nothing but leeches stealing our 401k investments.


"This (transaction tax) makes financial markets fairer and possibly less volatile. As described by Michael Lewis in Flash Boys, high frequency traders (HFTs) can earn profits by front-running other trades by micro-seconds, an activity that raises costs for legitimate traders and provides no value to society. HFTs account for roughly half all stock trades and much of their business model would be threatened by the proposed transactions tax.
Under current law, someone selling or buying $1,000 of stock pays just over two cents in transaction taxes. This existing fee raises over $1.5 billion per year. The proposal would add a tax of $1 to that transaction."


Sleepy Joe promised not a nickel of new taxes for anyone under 400k. This would effect we, the indigent, contrary to his promises.
 

pknopp

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All these taxes start to add up

Our debt isn't?

So stop the pork in bill, reduce spending

I'd hate to see a democrat's personal budget

LOL, debt went up $8 trillion under Trump. You expect Democrats to do what Trump would not? They are at least addressing one side.

BiDum is going to shatter that

Probably so. You expect him to do what the Republicans and Trump wouldn't?
 

pknopp

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OMG
These fuckin loons will tax orgasms if they could.
Goddamn authoritarians!

You prefer just giving money away and adding to the debt?

Trump's Road to Socialism | Tho Bishop
No

So what we have here is a proposal to start paying for things and you are still against that?
Start paying for what? Shit the federal govt has no business doing?
You federal supremacists make me fucking sick to my stomach. This countries founders died in vain because of shit stains like you.

One of the options is to state where you would spend it. Why not suggest the debt?

Tell me, how is it the governments business to bail out private businesses?
 

TNHarley

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I never thought that I'd ever be on the same side as Ilhan Omar, but here we are.
I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.

The argument against it is that high-speed traders will just move off-shore to do their trades, fine.
They are nothing but leeches stealing our 401k investments.


"This (transaction tax) makes financial markets fairer and possibly less volatile. As described by Michael Lewis in Flash Boys, high frequency traders (HFTs) can earn profits by front-running other trades by micro-seconds, an activity that raises costs for legitimate traders and provides no value to society. HFTs account for roughly half all stock trades and much of their business model would be threatened by the proposed transactions tax.
Under current law, someone selling or buying $1,000 of stock pays just over two cents in transaction taxes. This existing fee raises over $1.5 billion per year. The proposal would add a tax of $1 to that transaction."


Sleepy Joe promised not a nickel of new taxes for anyone under 400k. This would effect we, the indigent, contrary to his promises.
Like you can believe anything that senile pervert says
 

TNHarley

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OMG
These fuckin loons will tax orgasms if they could.
Goddamn authoritarians!

You prefer just giving money away and adding to the debt?

Trump's Road to Socialism | Tho Bishop
No

So what we have here is a proposal to start paying for things and you are still against that?
Start paying for what? Shit the federal govt has no business doing?
You federal supremacists make me fucking sick to my stomach. This countries founders died in vain because of shit stains like you.

One of the options is to state where you would spend it. Why not suggest the debt?

Tell me, how is it the governments business to bail out private businesses?
Yeah, thats what it will go to. The thing nobody in washington gives a shit about :lol:
 

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