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Upcoming election jitters and today's superior state of US economy.

Election jitters.

One person's losses are another person's gain. Think casino. The money does not go to waste, some of it even gets into UK govt coffers.

Bernie hates everything that has anything to do with profits. Does it matter if he is genuinely mistaken or he wants to destroy wealth, create poverty and harm the nation intentionally?

FTT tax plus capital gains tax is a double taxation. It stands to reason that people start trading less as intended by FTT. Therefore it's politicians pipe dream that they are going to raise any money.

I gave you the numbers including source quotation. Your numbers are misleading.

Good one.

I don't care if it's global. Just b/c I have no way to escape I won't be giving away my money to the govt if the tax eats all my profits and I myself don't make any money from trading.

Nope. When Obama took office in 2009, the federal budget deficit was $10.6 trillion. By the time he left office in 2017, the federal budget deficit had nearly doubled to $19.9 trillion. That's an increase of about 86%.

That's b/c unlike private wealthy individuals govt has no wealth other than annual revenue stream from taxes. Govts live off social security of it's citizens. They are effectively poor.

Did Obama cut deficit?

How much do you pay for Medicare? I'm sure doctors didn't treat you for free. BTW, are they private doctors or paid by taxpayers?

Taxes should not be the only govt revenue. They should be treated as the govt seed capital. The idea is that taxes should go down over time not up while making it easier for people.

Why would it work even if global?

This is a case of buying Bitcoin.

Google 'etrade deferred loss'

"The IRS disregards the LLC entity if only a single member exists. This requires you to report all income and expenses of the LLC on a personal tax return. You accomplish this by reporting all LLC profits and losses on the Schedule C attachment to IRS Form 1040"...

What broker is that?

i bet you drive electric car and fly green energy planes.

Cut on military spending? You surely don't want to cut on security spending for your car or house. But sure, poor nation does not need any "military spending".