As soon as we get these bills out without the transaction tax on them, i.e. the transportation and jobs bill and health bill. Then I will feel more comfortable, also when either Geithner or somenoe submits a proposal so legislators can charge their so called insurance fee on banks, once that is done I will also feel more comfortable. Becuase when all that is done, the chance is less likely for the tax. I dont think its likely at all since it would never make it out of the senate anyways. But once all those things are done that I have mentioned, the talk about this will be lessed tremendously becuse it wont be on capitol hill all the time! Until then fight it, keep up the good work. Hopefully we can have more people come out against this for real reasons other then we cannot do it alone.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
That won't stop the moron from Oregon "Defazio" from referring his usual 10-15 stop the greed on wall street, transaction tax bills every year. I agree that the prospects for tax on an international level in zilch, and there is no way such a tax would make it through congress, especially the Senate.
Gee, I wonder if the transaction tax lovers on CNBC will run the story on Pelosi opposing it??? Of course not. Actually, the odds are better seeing Barney Frank date a woman, than for CNBC to air Pelosi's comments.
Quote from Kal982:
That won't stop the moron from Oregon "Defazio" from referring his usual 10-15 stop the greed on wall street, transaction tax bills every year. I agree that the prospects for tax on an international level in zilch, and there is no way such a tax would make it through congress, especially the Senate.
Gee, I wonder if the transaction tax lovers on CNBC will run the story on Pelosi opposing it??? Of course not. Actually, the odds are better seeing Barney Frank date a woman, than for CNBC to air Pelosi's comments.
Yeah CNBC wont run this, they have never run anything against it! Even when Geithner has now come out agaist it twice, abroad and domestically. Just remember we know Pelosi opposes unilateral action we dont know if she opposes the tax, I think she actually likes the tax. Nazi Pelosi, she needs to get the hell out of office.
He's a safe democunt, he's not going anywhere. He has no productive skills necessary to make it in the private sector.
zero hedge: With Transaction Tax Becoming A Distinct Possibility, Does It Bring Benefits To The Table?
Even with a thoroughly discredited Tim Geithner repeatedly saying that a transaction tax is the worst thing since, well TurboTax, the topic is generating more and more traction, and earlier House Democrat leader Steny Hoyer noted that the topic is now a discussion item "on the table". With fervent voices on both side of the table, we would like to present the following paper by Dean Baker highlighting the benefits of a financial transaction tax....
http://www.zerohedge.com/article/tr...inct-possibility-does-it-bring-benefits-table
Read it all and the comments
Even with a thoroughly discredited Tim Geithner repeatedly saying that a transaction tax is the worst thing since, well TurboTax, the topic is generating more and more traction, and earlier House Democrat leader Steny Hoyer noted that the topic is now a discussion item "on the table". With fervent voices on both side of the table, we would like to present the following paper by Dean Baker highlighting the benefits of a financial transaction tax....
http://www.zerohedge.com/article/tr...inct-possibility-does-it-bring-benefits-table
Read it all and the comments
I am working on a piece, feeble though it may be
Herewith my basic working argument:
This kind of a tax changes the playing field as a result of which all sorts of people and participants will change their behavior. ALL of these behavioral changes have to be taken into consideration in order to show the overall tax revenue implications of such a proposal.
If you understand the way markets work, and especially what has happened with the technological and information revolutions since the 1980âs, and that an entire culture and its related multiple additional subcultures have arisen all around the markets as individuals have participated in many ways as never before, then you can see that the collateral damage will be MASSIVE. This MASSIVE change will have significant tax implications which almost all advocates do not even think of, much less mention. The question is the OVERALL tax revenue implications of the proposal given all of the subsequent changes it will cause.
The result will be much less corporate revenue, less individual revenue, job loss, small business loss, website and pay site implications, computer, phone and internet implications, and the list gets very long very quickly. All of those additional changes will result in more revenue loss for the government.
Herewith my basic working argument:
This kind of a tax changes the playing field as a result of which all sorts of people and participants will change their behavior. ALL of these behavioral changes have to be taken into consideration in order to show the overall tax revenue implications of such a proposal.
If you understand the way markets work, and especially what has happened with the technological and information revolutions since the 1980âs, and that an entire culture and its related multiple additional subcultures have arisen all around the markets as individuals have participated in many ways as never before, then you can see that the collateral damage will be MASSIVE. This MASSIVE change will have significant tax implications which almost all advocates do not even think of, much less mention. The question is the OVERALL tax revenue implications of the proposal given all of the subsequent changes it will cause.
The result will be much less corporate revenue, less individual revenue, job loss, small business loss, website and pay site implications, computer, phone and internet implications, and the list gets very long very quickly. All of those additional changes will result in more revenue loss for the government.