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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

SassyIrishLass

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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?

The asshole ran on no new taxes on middle class....you loons bought it
 

22lcidw

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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?
I remember Hillary some years before the 2016 election saying that Progs have many many ideas, just not enough money. Nation after nation have done things like this. To their detriment in the end. We are in the middle now. People get blamed for the failures. And deplorables are ground zero.
 

Paulie

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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."
You can’t ever call yourself a conservative if you support government socially or financially engineering society. There’s enough taxation in this country. ENOUGH.
 

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
How many times should a dollar be taxed, stalin?
Right now, it is taxed every time it moves from one place to another

This tax is more of the same
 

Manonthestreet

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Why don't they just limit it to hsts if that's the purpose ......how will this affect the person who weekly have money taken out for their 401?
 

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?
Yeah, thats what it will go to. The thing nobody in washington gives a shit about :lol:

That's not what I said. The thread is asking what you would support. You also did not answer my question. Not that I expected you to.

The government has no business bailing out private businesses. We went into massive debt to do that so why should we not know be paying for that?
 

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?

The asshole ran on no new taxes on middle class....you loons bought it

Bite me. I didn't vote for him. Despite that I do support paying for things so I support this.

Did you buy Trump saying he would balance the budget and it would be easy?
 

pknopp

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Why don't they just limit it to hsts if that's the purpose ......how will this affect the person who weekly have money taken out for their 401?

If you are speaking about income, that's not a trade.
 

SassyIrishLass

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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?

The asshole ran on no new taxes on middle class....you loons bought it

Bite me. I didn't vote for him. Despite that I do support paying for things so I support this.

Did you buy Trump saying he would balance the budget and it would be easy?

Gfy and I never believed for a minute the budget would be balanced. The thread isn't about Trump and I'm sick of you jaggoffs trying to turn every thread into it.
 

Blues Man

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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
So you want to add an additional tax on the 401Ks and IRAs?

Yeah that's great for the working folks
 

Toddsterpatriot

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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."

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.

Those leeches sound awful!!!

How do they steal your 401k? Any specifics?
 

pknopp

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my2¢

So it goes
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Read my lips, No New Taxes.

Oops, forgot about the mask.
 

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?

The asshole ran on no new taxes on middle class....you loons bought it

Bite me. I didn't vote for him. Despite that I do support paying for things so I support this.

Did you buy Trump saying he would balance the budget and it would be easy?

Gfy and I never believed for a minute the budget would be balanced. The thread isn't about Trump and I'm sick of you jaggoffs trying to turn every thread into it.

I'm pointing out the hypocrisy of many posting here.
 

SassyIrishLass

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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?

The asshole ran on no new taxes on middle class....you loons bought it

Bite me. I didn't vote for him. Despite that I do support paying for things so I support this.

Did you buy Trump saying he would balance the budget and it would be easy?

Gfy and I never believed for a minute the budget would be balanced. The thread isn't about Trump and I'm sick of you jaggoffs trying to turn every thread into it.

I'm pointing out the hypocrisy of many posting here.

You're the last one to harp on hypocrisy
 

Manonthestreet

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Why don't they just limit it to hsts if that's the purpose ......how will this affect the person who weekly have money taken out for their 401?

If you are speaking about income, that's not a trade.
It is because it goes in weekly. You are buying stocks or mutuals

Most do not trade much. But the question was about money being taken out.
No it wasn't. They are buying every week, often more than one fund
 

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?

The asshole ran on no new taxes on middle class....you loons bought it

Bite me. I didn't vote for him. Despite that I do support paying for things so I support this.

Did you buy Trump saying he would balance the budget and it would be easy?

Gfy and I never believed for a minute the budget would be balanced. The thread isn't about Trump and I'm sick of you jaggoffs trying to turn every thread into it.

I'm pointing out the hypocrisy of many posting here.

You're the last one to harp on hypocrisy

Blah, blah, blah. I pointed out yours. I have consistently argued to pay for what we are spending and that is what is being proposed here.
 

Blues Man

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Why don't they just limit it to hsts if that's the purpose ......how will this affect the person who weekly have money taken out for their 401?

If you are speaking about income, that's not a trade.
It is because it goes in weekly. You are buying stocks or mutuals

Most do not trade much. But the question was about money being taken out.

Actually when you are forced to take the RMD out of a 401K or IRA you do so by selling off the stocks and/.or mutual fund shares in your portfolio.

So you want to add a tax to buy stocks and\ or mutual funds and a tax to sell those same funds what about the sales of or purchases of funds the people who manage the mutual funds in your retirement make make?

You are basically arguing for death by 1000 cuts
 

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