1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Hey guys, you're doing a great job with this thread, please continue to stay current and post on topic content whenever it becomes available.
While not everyone on ET agrees with the thread, and some are willing to just rollover and play dead while this populst idiocy rages on both here and abroad, don't let that nonsense deter you in the least.
We know exactly what type of Government the Democrats want to create ... and if people don't take action to stop them, they will.
While not everyone on ET agrees with the thread, and some are willing to just rollover and play dead while this populst idiocy rages on both here and abroad, don't let that nonsense deter you in the least.
We know exactly what type of Government the Democrats want to create ... and if people don't take action to stop them, they will.
That's a great video rsikit.
It goes a long way towards showing that the proponents of the Financial Transaction Tax don't have a clue when it comes to understanding what caused the financial meltdown, or the role that the financial markets play in maintaining free markets, transparency and liquidity.
If anything, a FTT would be ruinous to our already unstable economy and could concievably be the push that sends us into a recession ... I sincerely hope the common sense displayed by Chris Edwards of the Cato Inst. holds sway ... and yes, Mark Walsh really is an idiot, but that is what makes him dangerous.
Here are a few of the things we can do:
1. Write your Senators.
2. Write the IMF.
3. Stay up-to-date and current on all of the relevant news.
***
Everyone is hopefully doing all of the above, to the best degree they can. While this is seasideheights thread, and he was (and is) a strong force against the financial transaction tax at its earliest stages, this nasty little problem isn't going to go away by ignoring it or putting our heads in the sand.
We're going to have to continue fighting this "grass roots" style. Stay abreast of the issues, write Chris Edwards, Director of Tax Policy Studies at Cato Institutue. Do what you can, how you can, while you can.
for starters; go read Economics in One Lesson by Henry Hazlitt
http://www.amazon.com/Economics-One...=sr_1_4?ie=UTF8&s=books&qid=1262128630&sr=1-4
Here's a WSJ piece talking about ways to reduce the deficit, etc:
http://online.wsj.com/article/SB126204330088008145.html#mod=todays_us_page_one
"Another possibility is a tax on Wall Street trading. That could raise huge sums, as much as $150 billion a year. Some in the administration, including Treasury Secretary Timothy Geithner, worry it could drive trading offshore unless it is coordinated with other countries, a process that could take years."
-Guru
http://online.wsj.com/article/SB126204330088008145.html#mod=todays_us_page_one
"Another possibility is a tax on Wall Street trading. That could raise huge sums, as much as $150 billion a year. Some in the administration, including Treasury Secretary Timothy Geithner, worry it could drive trading offshore unless it is coordinated with other countries, a process that could take years."
-Guru