Agree, we want to dial down talk of this tax on TV and in the media, but unfortunately, all the economists, journalists and politicians are TV and media hounds and this fire is escalating, along with their growing popularity.
The government is getting ready to spend lots of money and they are hungry for tax increases, since they really canât bust the budget further.
Stimulus and the jobs bills will be focused on business tax cuts, so how can they include a tax increase too? One way, is assessing a tax increase with populist anger support on Wall Street. They say Wall Street caused the crisis, is making a fortune in the clean up, and they should share the wealth with Main Street, who has not seen enough recovery benefits yet. This fight is not going away and itâs turning more dangerous in my view.
Two choices â we can sit back and hope the fire goes out on its own, or aggressively put out the fire before it spreads further. We need to fight fire where it comes up and that is on TV.
I want to go on TV and debunk the other sidesâ arguments. It's not a tiny tax that only hurts speculators that are useless anyway. Itâs a 100 billion dollar plus tax in the words that come out from the other side of their mouths. By stifling speculators, they hurt the entire markets, which hurts Main Street because they are joined at the hip. Wall Street buys Main Street innovation and technology (my last post). Most speculators live on Main Street and pay taxes to Main Street communities. Funny CA politicians are attacking Wall Street and they donât even realize that most speculator traders live and work in CA. The financial markets are where Main Street hedges their goods and services (think of the family farm).
If we allow government to stifle speculators - by putting them out of business with no ifs ands or buts with this tax - that will lead to poorly-priced markets. The public won't stand for government-influenced poorly-priced markets. Because, they will pay more for inefficient pricing and that will cost everyone much more than this harmful tax raises in revenues. No exemptions in the bill can prevent that, this poor pricing will effect retirement plans, mutual funds, small investors â simply everyone.
Of course, I will do much more work before I make my appearances to boil down our arguments and come out fighting!
The government is getting ready to spend lots of money and they are hungry for tax increases, since they really canât bust the budget further.
Stimulus and the jobs bills will be focused on business tax cuts, so how can they include a tax increase too? One way, is assessing a tax increase with populist anger support on Wall Street. They say Wall Street caused the crisis, is making a fortune in the clean up, and they should share the wealth with Main Street, who has not seen enough recovery benefits yet. This fight is not going away and itâs turning more dangerous in my view.
Two choices â we can sit back and hope the fire goes out on its own, or aggressively put out the fire before it spreads further. We need to fight fire where it comes up and that is on TV.
I want to go on TV and debunk the other sidesâ arguments. It's not a tiny tax that only hurts speculators that are useless anyway. Itâs a 100 billion dollar plus tax in the words that come out from the other side of their mouths. By stifling speculators, they hurt the entire markets, which hurts Main Street because they are joined at the hip. Wall Street buys Main Street innovation and technology (my last post). Most speculators live on Main Street and pay taxes to Main Street communities. Funny CA politicians are attacking Wall Street and they donât even realize that most speculator traders live and work in CA. The financial markets are where Main Street hedges their goods and services (think of the family farm).
If we allow government to stifle speculators - by putting them out of business with no ifs ands or buts with this tax - that will lead to poorly-priced markets. The public won't stand for government-influenced poorly-priced markets. Because, they will pay more for inefficient pricing and that will cost everyone much more than this harmful tax raises in revenues. No exemptions in the bill can prevent that, this poor pricing will effect retirement plans, mutual funds, small investors â simply everyone.
Of course, I will do much more work before I make my appearances to boil down our arguments and come out fighting!
