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

[BluesLegend]

When Dems say "I'm going to help you with a new tax" I say rot in hell Dems you lying lowlife scum!

 

[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?

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.

Find where I supported spending $20 billion. I'll wait.

 

[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.

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

And you claim others are hypocrites.

That's right. Here we have a program to actually pay for a program. I support that. Do I expect Biden to continue to run up the debt? I do. Being as how no one will address that I support it all falling apart to address it.

 

[Gdjjr]

Robbing Peter to pay Paul is still robbing- stopping the theft would end a myriad of problems- most notably, legalized theft. graft and corruption are close behind- adding to the coffers by theft means you approve of theft as long as it's not you being robbed- but, when it's you being robbed it's somehow the other guys fault- SMH

 

[kyzr]

Don't just look at the tax, look at your 401K bump w/o high-frequency traders. Its a benefit, not a tax.

If I'm a buy and hold in my 401k, how does eliminating HFT give my 401k a bump?

Because the HFTs won't "front-run" any trades stealing value from buy-and-hold investors.
HFTs don't "invest" they "steal" investments.

 

[pknopp]

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.

How many times do I need to address this? Give me an exact number please. When people start actually voting to address the debt I'll take this argument seriously. Until then I do not.

 

[pknopp]

Robbing Peter to pay Paul is still robbing- stopping the theft would end a myriad of problems- most notably, legalized theft. graft and corruption are close behind- adding to the coffers by theft means you approve of theft as long as it's not you being robbed- but, when it's you being robbed it's somehow the other guys fault- SMH

Paying your debt is not robbing anyone.

 

[DukeU]

So what we have here is a proposal to start paying for things and you are still against that?

LOL.

Where, Pakistan?????

 

[BluesLegend]

What are Dems planning to spend the tax money on hmmm?

 

[Gdjjr]

Paying your debt is not robbing anyone.

"I" pay MY credit cards every month with my left over allownace Uncle Sham allows me to keep, that "I" earned- the fed gov't steals everything- it owns no means of producing wealth- it steals the fruit of your labor-

 

[SassyIrishLass]

What are Dems planning to spend the tax money on hmmm?

Gender studies in Pakistan?

 

[Toddsterpatriot]

When big investors buy any stocks that you have, the high-frequency traders steal some of the investment.

Cool story. Show me how. Use my example.
Be specific.

Ok, TSLA is trading at $711.15-Bid $711.19-Offer.
I try to buy 100 shares at $711.19.....how does an HFT swoop in and steal my money? Any idea?

 

[Toddsterpatriot]

You're the drama queen whining about something you apparently know very little about.

It's obvious I know way more about it than you.....low bar, I know.

 

[pknopp]

What are Dems planning to spend the tax money on hmmm?

Why don't the Republicans agree to the tax as long as it's applied to the debt?

 

[pknopp]

Paying your debt is not robbing anyone.

"I" pay MY credit cards every month with my left over allownace Uncle Sham allows me to keep, that "I" earned- the fed gov't steals everything- it owns no means of producing wealth- it steals the fruit of your labor-

Sorry, I can't take any of this seriously.

 

[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.

Find where I supported spending $20 billion. I'll wait.

So you oppose Pedo Joe's "infrastructure bill" now.

Got it.

 

[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.

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.

OMG, $100 per year is meaningful to you? You living under a bridge somewhere?
How does that $100/yr compare to your broker fees + income taxes?
I will gladly pay $100/yr for $80b in new tax revenue.
IMHO its a net gain w/o high-frequency traders stealing our 401K investments.

OMG, $100 per year is meaningful to you?

Only in the context that you said it wouldn't hit me. So you lied.

How does that $100/yr compare to your broker fees

Well, my broker fees are currently $0

I will gladly pay $100/yr for $80b in new tax revenue.

If you think it would raise $80b in new revenue.......I've got some bad news for you.
Did you ever find out how much the HFT firms make every year?

1. Only a real drama queen would whine about a $100 or so tax increase.
2. How does $100 a year compare to your income tax on investment income? Hopefully insignificant.
3. The projections are for $80b in new revenue, see the OP links, stop bullshitting (aka lying).

 

[Nostra]

What are Dems planning to spend the tax money on hmmm?

Gender equity studies on the Norwegian mini-salamander unicorn.

 

[struth]

The Dems have literally taxed just about EVERY SINGLE thing we do. I can't work without being taxed, I can't make a meal without it being taxed, I can't buy a meal without in being taxed, I can't drive without it being taxed, I can't invest money (that already has been taxed) and be successful on the return with out it being taxed, I can't own a home without in being taxed....now the Dems want to literally tax me for SELLING SOMETHING...something I purchased with money already taxed, and if I made a gain on, taxed my gains....now they want to tax me for simply selling it!

and this crap about "we are gonna use it for pay for XYX" what the f? Why not pay for the crap you already are suppose to be doing, with all the other money I pay before you take more money to pay for something else....

 

[Toddsterpatriot]

Don't just look at the tax, look at your 401K bump w/o high-frequency traders. Its a benefit, not a tax.

If I'm a buy and hold in my 401k, how does eliminating HFT give my 401k a bump?

Because the HFTs won't "front-run" any trades stealing value from buy-and-hold investors.
HFTs don't "invest" they "steal" investments.

Because the HFTs won't "front-run" any trades stealing value from buy-and-hold investors.

You just can't explain how they steal value

HFTs don't "invest" they "steal" investments.

Funnier every time you say it.