1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Yeah he said he was basically just throwing things at the wall and trying to get something to stick. He mentioned Larry Summers hates infrastructure, lol...He also tried to say this won't hurt investors in 401K's etc (someone needs to educate him on that point).
What did Erin mean when she said Defazio was putting the final touches on his legislation? I guess he's going to introduce another new bill (on top of the 2 already out there)...
-Guru
yeah he has introduced new bills with this tax attached numerous times, it just sits in committee and doesnt get any attention. no different this time. just keep being proactive and hope the powers to be are on our side. defazio is lint, a flee, and of no importance hopefully his term is running out so we dont have to hear such pathetic ways to raise revenue. create and innovate people thats the message we should be sending not tax increases geeez.
She just did the piece, and noted "all the upset e-mails" and grinned.
It is as if she just plans more and more pro-tax interviews as forums for that nitwit Petey the taxing congressman in response to the cries over the suggestion of implementing such a tax.
She also just tends to put that same guy on, with no real challenges in her questions, and no opposing force anti-stock tax guest to refute him.
In other words, the more we protest, the more she ramps up calls FOR the tax!
Too bad small business day traders like us, with sub 100K accounts will be ruined overnight by such foolishness...
It is as if she just plans more and more pro-tax interviews as forums for that nitwit Petey the taxing congressman in response to the cries over the suggestion of implementing such a tax.
She also just tends to put that same guy on, with no real challenges in her questions, and no opposing force anti-stock tax guest to refute him.
In other words, the more we protest, the more she ramps up calls FOR the tax!
Too bad small business day traders like us, with sub 100K accounts will be ruined overnight by such foolishness...
"yeah he has introduced new bills with this tax attached numerous times, it just sits in committee and doesnt get any attention. no different this time. just keep being proactive and hope the powers to be are on our side."
Except just a few short years ago nobody would have though we would have a tone deaf congress that would, in the face of violent public hatred, try to force a health care bill with a public option and other goodies attached.
Just as we never would have thought shareholders would be toasted for union payouts via the auto deal, etc.
With the public anger "at Wall Street" and their ignorance, this is hardly a zero threat situation, sadly. After all, they are looking to fund that 2000 page HCR Leviathan.
It USED to be a fantasy, it is looking a lot more dangerous every day given who is running Washington...
Except just a few short years ago nobody would have though we would have a tone deaf congress that would, in the face of violent public hatred, try to force a health care bill with a public option and other goodies attached.
Just as we never would have thought shareholders would be toasted for union payouts via the auto deal, etc.
With the public anger "at Wall Street" and their ignorance, this is hardly a zero threat situation, sadly. After all, they are looking to fund that 2000 page HCR Leviathan.
It USED to be a fantasy, it is looking a lot more dangerous every day given who is running Washington...
Obama and R Emanuel will not F with traders (or Goldman) he is from Chicago, the CME Group will not let this go through. Simple as that. Talking smack about the administration on CNBC will not help his cause.
what i fear most about this idea is that it is a VERY EASY sell to the uninformed masses. everyone hates wall street and the idea of wall street being taxed is very saleable- esp. when the extolled by-product will be 'main street jobs'. if this got critical mass, i fear congressmen would be afraid to vote against, as Obama and the like would spin it as a vote for wall street 'fat cats' and against 'regular people'.
the more the UE #'s go up along with the deficit, coupled with their socialist spending spree... they're going to be looking at the most palatable way to tax to pay for it. what's an easier sell- tax on everyone or tax on the 'fat cats' who got us into this mess. never underestimate the stupidity of the electorate and never underestimate career politicians playing to their not so bright constituents.
personally, this shit scares me and makes me want to figure a way to open an account offshore and trade markets outside of the US (or outside of the reach of the socialists who are running this once great country).
the more the UE #'s go up along with the deficit, coupled with their socialist spending spree... they're going to be looking at the most palatable way to tax to pay for it. what's an easier sell- tax on everyone or tax on the 'fat cats' who got us into this mess. never underestimate the stupidity of the electorate and never underestimate career politicians playing to their not so bright constituents.
personally, this shit scares me and makes me want to figure a way to open an account offshore and trade markets outside of the US (or outside of the reach of the socialists who are running this once great country).