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1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
As you have previously stated, in the states the door remains wide open to logic, in the end all they will have to push this with is talk of 50 billion out of thin air which needs to be deconstructed. As for europe there is no hope, the germans have bills for you to pay.
In the end, the Tax Policy Center authors seem to suggest that, for right now at least, an FTT shouldn’t be adopted without more research. “The key question is whether an FTT is the best option relative to other potential taxes in terms of economic costs and benefits, fairness, and costs of administration and compliance,” they write. The answer is, at present, unclear.
As for the idea that the FTT imposes a just punishment on the financial sector for its role in the financial crisis and can be an effective deterrent for future misbehavior, the authors say there are better choices.
“Over the long term, it appears poorly targeted at the kinds of financial-sector excesses that led to the Great Recession,” they find. “If the goal is to have the financial sector pay the costs of its past or future bailouts and compensate the rest of the country for the costs imposed in the financial crisis, [a different tax scheme] might be more effective and less distortionary.”
the republicans are overconfident about future elections. work is becoming less rewarding when compared to receiving a check from the gov't, free health care, food stamps and other perks. the bills have to be paid. therefore an FTT will sound attractive to legislators even though the amount raised will be negligible and illusionary. the conclusion is that the FTT is not sidetracked.As you have previously stated, in the states the door remains wide open to logic, in the end all they will have to push this with is talk of 50 billion out of thin air which needs to be deconstructed. As for europe there is no hope, the germans have bills for you to pay.
to say it is not sidetracked is a given. there will always be politicians and left wing economists who will make trial balloons.You speak with a certainty that is not possible.
With all due respect what is your point? I posted the latest news on the American front which is inline with the purpose of this thread, at page 1147 we are all aware its an idea that will not die though its not sidetracked in the state states because its never even got on track in the states.
With all due respect what is your point? I posted the latest news on the American front which is inline with the purpose of this thread, at page 1147 we are all aware its an idea that will not die though its not sidetracked in the state states because its never even got on track in the states.
Proponents of the tax may not go for open discussion and legislate it as a footnote to another spending bill when everyone is asleep. When you wake up you have to pay.
As we were aware of on page 1..
You think that you are aware. This is not about taxation. This is about control and politics if you missed Lerner case. Trading is about free economy. Not everybody likes that.