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

[pknopp]

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

For the majority it would be a very small percent. I'll ask you the same. You want to add to the debt and leave it for your kids so you can get the dessert after dinner?

I disagree.

And letting people keep their own retirement money isn't adding to the debt.

I didn't say that but you know I did not say that.

And i don't have kids. I didn't vote for any of the politicians that have run up the debt.

The corrupt politicians have proven by their actions that no matter how much we allow them to take from us that it will never be enough. We need to force them to spend less b y starving them into submission.

You support being a dead beat country I suppose. Your 401k isn't worth a fraction of where it is at now without the massive debt by the government. It's time to pay for that.

My portfolio is doing just fine thank you very much I'm running double digit RORs and have been for the past 2 years.

And the debt has not added anything to my portfolio since i don't own any US Treasury bonds.

And FYI if the government is paying the interest on the bonds it has issued then it is not a deadbeat

You know what you say is total B.S. The markets have boomed with all the bail outs and stimulus packages.

 

[Nostra]

All these taxes start to add up

Our debt isn't?

Do you think the few billion they claim this will raise is gonna lower our debt?

You really are stupid.

 

[SassyIrishLass]

And we once again have Trumpsters pretending to be fiscally responsible and attacking others.

Too funny

Seems to me the "Trumpsters"are calling for less spending you fckn clown

 

[Blues Man]

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

For the majority it would be a very small percent. I'll ask you the same. You want to add to the debt and leave it for your kids so you can get the dessert after dinner?

I disagree.

And letting people keep their own retirement money isn't adding to the debt.

I didn't say that but you know I did not say that.

And i don't have kids. I didn't vote for any of the politicians that have run up the debt.

The corrupt politicians have proven by their actions that no matter how much we allow them to take from us that it will never be enough. We need to force them to spend less b y starving them into submission.

You support being a dead beat country I suppose. Your 401k isn't worth a fraction of where it is at now without the massive debt by the government. It's time to pay for that.

My portfolio is doing just fine thank you very much I'm running double digit RORs and have been for the past 2 years.

And the debt has not added anything to my portfolio since i don't own any US Treasury bonds.

And FYI if the government is paying the interest on the bonds it has issued then it is not a deadbeat

You know what you say is total B.S. The markets have boomed with all the bail outs and stimulus packages.

I don't own stock in any company that got a bailout.

 

[pknopp]

All these taxes start to add up

Our debt isn't?

Do you think the few billion they claim this will raise is gonna lower our debt?

You really are stupid.

It's a start. Did you think adding to the debt was going to lower our debt?

 

[Nostra]

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.

Veggie Joe is on pace to make it go up around $48 TRILLION.

 

[pknopp]

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

For the majority it would be a very small percent. I'll ask you the same. You want to add to the debt and leave it for your kids so you can get the dessert after dinner?

I disagree.

And letting people keep their own retirement money isn't adding to the debt.

I didn't say that but you know I did not say that.

And i don't have kids. I didn't vote for any of the politicians that have run up the debt.

The corrupt politicians have proven by their actions that no matter how much we allow them to take from us that it will never be enough. We need to force them to spend less b y starving them into submission.

You support being a dead beat country I suppose. Your 401k isn't worth a fraction of where it is at now without the massive debt by the government. It's time to pay for that.

My portfolio is doing just fine thank you very much I'm running double digit RORs and have been for the past 2 years.

And the debt has not added anything to my portfolio since i don't own any US Treasury bonds.

And FYI if the government is paying the interest on the bonds it has issued then it is not a deadbeat

You know what you say is total B.S. The markets have boomed with all the bail outs and stimulus packages.

I don't own stock in any company that got a bailout.

You are smarter than this. I'm not about to take this seriously.

 

[kyzr]

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.

Senate Democrats reintroduce bill to create financial transaction tax

A group of Democratic senators on Thursday reintroduced legislation to create a financial transaction tax, arguing that such a tax would help to reduce economic inequality.The bill would establish …

thehill.com

Congress wants to tax stock trades. Investors shouldn't fret. | Brookings

Aaron Klein makes the case for a financial transaction tax.

www.brookings.edu

"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.

1. I'm not a "phony conservative", you know the coxuckers who vote for tax cuts and then borrow trillions, aka "bubble makers".
2. I support the transaction tax. The $1 per $1000 BOT/SLD will hit the high-frequency traders, not "buy and hold" investors.
3. $30T DEBT is ENOUGH.

 

[pknopp]

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.

Veggie Joe is on pace to make it go up around $48 TRILLION.

Good. I hope it all falls apart.

 

[Nostra]

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?

So you opposed all the Covid stimulus programs.

Got it.

 

[pknopp]

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?

So you opposed all the Covid stimulus programs.

Got it.

Yes, I did without paying for them. I've consistently stated that.

 

[kyzr]

I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.

How much money do these high-speed traders currently make every year?

They make too much. They do about half of the stock trades, and do nothing but steal our 401k investments.

 

[Toddsterpatriot]

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.

Senate Democrats reintroduce bill to create financial transaction tax

A group of Democratic senators on Thursday reintroduced legislation to create a financial transaction tax, arguing that such a tax would help to reduce economic inequality.The bill would establish …

thehill.com

Congress wants to tax stock trades. Investors shouldn't fret. | Brookings

Aaron Klein makes the case for a financial transaction tax.

www.brookings.edu

"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.

1. I'm not a "phony conservative", you know the coxuckers who vote for tax cuts and then borrow trillions, aka "bubble makers".
2. I support the transaction tax. The $1 per $1000 BOT/SLD will hit the high-frequency traders, not "buy and hold" investors.
3. $30T DEBT is ENOUGH.

I support the transaction tax. The $1 per $1000 BOT/SLD will hit the high-frequency traders, not "buy and hold" investors.

If I buy $1000 of stock, I won't get hit with a $1 tax?

 

[Staidhup]

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

Operative phrase “we can not touch their money”, so their money is now your money? Their hard work and talent is now yours for the taking? So that we are all clear on your manifesto; tax them on the sweat that roles down the crack of their ass, tax them on the income from their savings, tax them on the their cell phone, tax them on the fuel used to get to work, tax them on the energy used to heat their house, tax them on their property, then tax or take it all away upon death, so you can sit on your lazy ass. Bud, communism only works for those running the show and you definitely don’t have what it takes to run squat.

 

[Toddsterpatriot]

I support the proposed transaction tax. It will hit the high-speed traders more than me or other "buy and hold" investors.

How much money do these high-speed traders currently make every year?

They make too much. They do about half of the stock trades, and do nothing but steal our 401k investments.

Too much.

Your precise grasp of this issue is very convincing.

They do about half of the stock trades

And what do they do when they trade? Can you explain it?

and do nothing but steal our 401k investments.

I'm not buying and selling the stocks in my 401k every day, how do they steal from me?

 

[Nostra]

All these taxes start to add up

Our debt isn't?

Do you think the few billion they claim this will raise is gonna lower our debt?

You really are stupid.

It's a start. Did you think adding to the debt was going to lower our debt?

Howsabout we not spend $20 billion on environmental justice bullshit instead? You have no problem with that, huh?

Now you claim you will after defending Pedo Joe's "infrastructure" boondoggle.

 

[kyzr]

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.

Senate Democrats reintroduce bill to create financial transaction tax

A group of Democratic senators on Thursday reintroduced legislation to create a financial transaction tax, arguing that such a tax would help to reduce economic inequality.The bill would establish …

thehill.com

Congress wants to tax stock trades. Investors shouldn't fret. | Brookings

Aaron Klein makes the case for a financial transaction tax.

www.brookings.edu

"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.

1. I'm not a "phony conservative", you know the coxuckers who vote for tax cuts and then borrow trillions, aka "bubble makers".
2. I support the transaction tax. The $1 per $1000 BOT/SLD will hit the high-frequency traders, not "buy and hold" investors.
3. $30T DEBT is ENOUGH.

I support the transaction tax. The $1 per $1000 BOT/SLD will hit the high-frequency traders, not "buy and hold" investors.

If I buy $1000 of stock, I won't get hit with a $1 tax?

Yes, for every $1,000 you pay $1 in tax.
So how much a year would you probably pay?
I'd pay less than $100 a year.
I don't do a lot of trades.

 

[Nostra]

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.

Veggie Joe is on pace to make it go up around $48 TRILLION.

Good. I hope it all falls apart.

You said Pedo Joe was addressing it...............when I show he is worse than Trump you cheer it.

And you claim others are hypocrites.

 

[Remodeling Maidiac]

All these taxes start to add up

Our debt isn't?

You mean SPENDING

Spending that has led to massive debt. Why shouldn't we pay for that?

Cut spending. We haven't paid for our spending to begin with. If we had we wouldn't be in debt.
CUT SPENDING

When people actually start voting for that I will take the argument seriously. Until then I'm going to go with realities.

So your spouse/teenager spend you into oblivion. They won't have a serious discussion about cutting their spending so you just throw your hands up and agree to their demands YOU just need to give them more money?

That's the most fucked up way of looking at spending ever.

 

[Toddsterpatriot]

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.

Senate Democrats reintroduce bill to create financial transaction tax

A group of Democratic senators on Thursday reintroduced legislation to create a financial transaction tax, arguing that such a tax would help to reduce economic inequality.The bill would establish …

thehill.com

Congress wants to tax stock trades. Investors shouldn't fret. | Brookings

Aaron Klein makes the case for a financial transaction tax.

www.brookings.edu

"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.

1. I'm not a "phony conservative", you know the coxuckers who vote for tax cuts and then borrow trillions, aka "bubble makers".
2. I support the transaction tax. The $1 per $1000 BOT/SLD will hit the high-frequency traders, not "buy and hold" investors.
3. $30T DEBT is ENOUGH.

I support the transaction tax. The $1 per $1000 BOT/SLD will hit the high-frequency traders, not "buy and hold" investors.

If I buy $1000 of stock, I won't get hit with a $1 tax?

Yes, for every $1,000 you pay $1 in tax.
So how much a year would you probably pay?
I'd pay less than $100 a year.
I don't do a lot of trades.

Yes, for every $1,000 you pay $1 in tax.

So this claim, was a lie.

The $1 per $1000 BOT/SLD will hit the high-frequency traders, not "buy and hold" investors.