@Tony Stark
Are you a trader? If not, what in the hell are you doing on this site?
If yes, how can you be an advocate of the financial transaction tax that Sanders is proposing?
The proposed taxes below:
Stocks = 0.5%
Bonds = 0.1%
Derivatives = 0.005%
An example buying and selling 100 shares of appl:
$299 x 100 = $29,900 * 0.5% = $149.5 * 2 = $299
The FTT will absolutely destroy trading in the US.
You would be shooting yourself in your own foot. If the FTT were to actually pass, Baron should just shut this site down. Trading is over at least in the US.
This is another reason Bernie won't win. All of Wall Street's money and power will be going against Bernie.
Furthermore, the math the Sanders campaign is using stating it will raise $2.4T in taxes is retarded. They are assuming that the volume of trades just continues unabated with the tax in place. This is an example of how retarded socialist are and illustrates that they don't at all understand the impact of socialism. Socialist make the assumption that we are in a bubble on an island with no other alternatives. The wall street bankers will pick up their ball and play ball somewhere else in the world. Then the the socialist will institute capital controls, pass more taxes, and take over businesses so they don't leave the US. At that point, all the citizens become captive slaves to the federal government. It is asinine. Socialism is a rabbit hole that is a downward spiral that is extremely hard to stop once it is instituted.
Are you a trader? If not, what in the hell are you doing on this site?
If yes, how can you be an advocate of the financial transaction tax that Sanders is proposing?
The proposed taxes below:
Stocks = 0.5%
Bonds = 0.1%
Derivatives = 0.005%
An example buying and selling 100 shares of appl:
$299 x 100 = $29,900 * 0.5% = $149.5 * 2 = $299
The FTT will absolutely destroy trading in the US.
You would be shooting yourself in your own foot. If the FTT were to actually pass, Baron should just shut this site down. Trading is over at least in the US.
This is another reason Bernie won't win. All of Wall Street's money and power will be going against Bernie.
Furthermore, the math the Sanders campaign is using stating it will raise $2.4T in taxes is retarded. They are assuming that the volume of trades just continues unabated with the tax in place. This is an example of how retarded socialist are and illustrates that they don't at all understand the impact of socialism. Socialist make the assumption that we are in a bubble on an island with no other alternatives. The wall street bankers will pick up their ball and play ball somewhere else in the world. Then the the socialist will institute capital controls, pass more taxes, and take over businesses so they don't leave the US. At that point, all the citizens become captive slaves to the federal government. It is asinine. Socialism is a rabbit hole that is a downward spiral that is extremely hard to stop once it is instituted.
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