Exactly, if it is passed it will eventually be phased out but I'd rather not be unemployed for a few years.
STAND UP AND FIGHT THIS.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Exactly, if it is passed it will eventually be phased out but I'd rather not be unemployed for a few years.
STAND UP AND FIGHT THIS.
does anyone else find it odd that the Unions are supporting this? They are supposed to be representing their workers, right? How exactly is pushing legislation to destroy other industries in their members best interest?
WHY would they be pushing for a specific tax policy like this? Just seems really odd. Makes me really question what their true motives are.
Are they genuinely looking out for their members, or are they just a bunch of vindictive, no good stinking socialists?
WHY would they be pushing for a specific tax policy like this? Just seems really odd. Makes me really question what their true motives are.
Are they genuinely looking out for their members, or are they just a bunch of vindictive, no good stinking socialists?
Quote from MohdSalleh:
If bush was in charge then yes no chance of passing. But with obama anything goes. I hope you obama supporters are happy now, give the messiah your soul
The Democrats don't care if its bad policy. Plus after it ends up distroying the market they can put in under government control. Have a govermental agency handle the order flow. Control of the financial markets would be a dream come true for them.
I always get a laugh when they say traders are not productive.
Ahhem..
Can someone explain to me how most "jobs" today are supposedly productive?
I bet 80% of what union workers do with their day is non-productive. And if they were not getting overpaid to do it, some mexican would do it for 1/4 the price, which of course comes out of everyone elses pocket.
lawyers? Right.. shuffling paper around, inciting legal fights, and all the other nonsense they do to extort money out of the system is not productive in any real way.
Accountants? well, they do something. but most of what they do today is just stuff mandated by the state and not productive in any real way. Very few are doing the basic bookeeping that businesses actually need, cause that stuff can be computerized.
doctors? yea, they do productive stuff, but they have a cartel that blocks competition and drives up their wages, which we all pay for.
Plumbers? Once again they do stuff, but it is another protection racket and profession created by the state.
Big corp or govt workers? I doubt anyone who has worked in a big corporation would disagree that 10% of the people do 90% of the productive work. 90% of the people shuffle papers, go to meetings, and try to look important.
The bottom line is that thanks to technology, most people today, including highly paid people, do little if anything that is actually productive.
There is literally nothing for people to do! Liberal arts majors and all those other majors do not train people to do anything productive, so the govt sets up all these laws ect that give those people career paths.
It may "look" productive, kind of like how digging ditches and refilling them looks productive. The problem is there is no objective, productive accomplishment that makes a damn bit of difference in the real world.
I would guess no more than what, 15% of the population is doing real productive work that is not protected by a cartel that inflates wages.
And here we are, traders. We ask nothing of others. We have no law or no union that protects our interest.
We convert our labor to bread only by objective accomplishment in one of the most difficult and competitive marketplaces that exists. We ask only to be left alone. Yet, all these so-called "productive" (laugh laugh) people are coming after us?
Hey buddy, F off!!
Ahhem..
Can someone explain to me how most "jobs" today are supposedly productive?
I bet 80% of what union workers do with their day is non-productive. And if they were not getting overpaid to do it, some mexican would do it for 1/4 the price, which of course comes out of everyone elses pocket.
lawyers? Right.. shuffling paper around, inciting legal fights, and all the other nonsense they do to extort money out of the system is not productive in any real way.
Accountants? well, they do something. but most of what they do today is just stuff mandated by the state and not productive in any real way. Very few are doing the basic bookeeping that businesses actually need, cause that stuff can be computerized.
doctors? yea, they do productive stuff, but they have a cartel that blocks competition and drives up their wages, which we all pay for.
Plumbers? Once again they do stuff, but it is another protection racket and profession created by the state.
Big corp or govt workers? I doubt anyone who has worked in a big corporation would disagree that 10% of the people do 90% of the productive work. 90% of the people shuffle papers, go to meetings, and try to look important.
The bottom line is that thanks to technology, most people today, including highly paid people, do little if anything that is actually productive.
There is literally nothing for people to do! Liberal arts majors and all those other majors do not train people to do anything productive, so the govt sets up all these laws ect that give those people career paths.
It may "look" productive, kind of like how digging ditches and refilling them looks productive. The problem is there is no objective, productive accomplishment that makes a damn bit of difference in the real world.
I would guess no more than what, 15% of the population is doing real productive work that is not protected by a cartel that inflates wages.
And here we are, traders. We ask nothing of others. We have no law or no union that protects our interest.
We convert our labor to bread only by objective accomplishment in one of the most difficult and competitive marketplaces that exists. We ask only to be left alone. Yet, all these so-called "productive" (laugh laugh) people are coming after us?
Hey buddy, F off!!
good post spot on. and what society and government dont understand is that we dont produce as a nation anymore we maintain. productivity will never be like it once was. we are a developed nation who grows in small increments now. but for th e people who have built wealth or are trying to support families they are expected to bend over for the man while these lowlifes sit around sucking on the glass pipe. how do you tell your children that what our government preaches is all bullshit and sooner or later your gonna feel the wrath. man we live in a cynical world.
Criticizing union workers I think is unfair. They are very productive workers in society:
http://www.cliffviewpilot.com/public-safety/397-on-the-front-lines-vs-terror-asleep-at-the-bridge
http://www.cliffviewpilot.com/public-safety/397-on-the-front-lines-vs-terror-asleep-at-the-bridge
Agree with all you said, its a complete joke, I have heard some stories and even seen people getting paid to do absolutely nothing. Every job now has to have an "important title" attached to it, because if it doesn't than how could it pay $75,000 a year+ benefits etc etc etc.
All it is is meetings and shuffling papers around, I know many teachers who get paid loads of money and work from 8-2:30 but literally have hours of breaks in between, one person I know has a salary close to $90,000 and works 16 hours a week with his class.
Another teacher I know works 2 hours after school is let out from monday-thursday and gets $48.50 an hour, he has told me he sits there and does nothing as the kids go about doing whatever they are doing in those after hours, that's an additional $400 a week.
Has anyone looked into Rep. Kanjorski's possible take on this, I know he's was in Europe just recently lobbying for hedge funds against the proposed EU proposals on hedge fund's and seemingly won some consessions from them. I ask because he's chairman of the US House subcommitte on capital markets.