1/4% Tax on all stock trades pushed in NY Times today

Quote from loufah:

The constitution doesn't go into detail about taxes. A head tax or, as someone else pointed out, an inheritance tax are legal. Also, you pay a section 31 tax every time you sell stock, regardless of whether you made a profit.

I have never heard of section 31. Maybe you can provide the link. As for inheritance tax the inheritance ( as an one time expense ) has nothing to do with the capital turnover and it's taxation which is at the heart of economic system. And besides as we all see taxes are part of legislation and the legislation should be governed by the constitution as the supreme law. If it's not there then the constitution is incomplete.

16th amendment talks about taxes.
 
Quote from Xspurt:

Guys, I'm banging the drum on another issue in the Ooops! Climate Change thread because I believe this is the problem we will face in trader tax. Eventually the US will get in line with the rest of the world...

Recently, the first president of the European Union, Herman Van Rompuy, affirmed in a speech captured by the BBC his belief that "2009 is the first year of global governance with the establishment of the G20 in the middle of the financial crisis. The climate conference in Copenhagen is another step toward the global management of our planet."

Lord Christopher Monckton, a former science adviser to British Prime Minister Margaret Thatcher, asserts the real purpose of the United Nations Climate Change Conference in Copenhagen Dec. 7-18 is to use concern over "global warming" as a pretext to lay the foundation for a one-world government.

At the U.N. Climate Change Conference in Copenhagen "a treaty will be signed," Monckton told a Minnesota Free Market Institute audience at Bethel University in St. Paul.

"Your president will sign it," he said. "Most of the Third World countries will sign it, because they think they're going to get money out of it. Most of the left-wing regimes from the European Union will rubber-stamp it. Virtually nobody won't sign it."

He has warned the proposal would cede U.S. sovereignty, mandate a massive wealth transfer from the United States to pay reparations for "climate debt" to Third World countries and create a new "world government" to enforce the treaty's provisions.

+1

scenario :

1 Obama sign...
2 the american people / senat say no...
3 The world says that americans are bad, they don't want to save the planet, which is wrong...
4 they use UN forces/ or other soldiers ( private ) to stop the dissident of science...
5 the Us don't fall but is economically ruined, so no more pollution, even depopulation etc...

6 all of this will never happen since the resources are exponential ie the Earth is not flat AND round ( Orange//tomato )
 
Quote from ksharmon:


in case anyone wants to try to chime in


I think that new comments are not accepted any longer.


You know supporters letters will be printed the times loves the tax.


Who is going to buy the NY Times with the Wall Streeters out of job?
 
Someone knows the current nominal value of all the bids in all the word markets and all the asks, stocks, futures, options, fx, spot in a instant T, and how it fluctuate trough the days ?

The US open must be really impressive...

This only argument is I think strong enough to protect the market.
 
Quote from gkishot:


I am not talking about comments--they are closed as you say.

I am talking about letters to the editor.

The Times is still very influential, like it or not.
 
The $100,000 trade limit mentioned in the bill - can anyone clarify if this is per transaction limit or if it is an annual limit?
 
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