Motley Fool Writer Proposes 60% Trader Tax!

Well, hells bells, lets take it to the next logical step.

Why would we need exchanges open for trading? Lets just open them up one day a year, say Jan 1. Everyone buys and sells on that day only. Makes as much sense.

There should be a bounty on anyone with an idea as dumb as that. :D
 
Quote from risktaker:

Wall St is full of thieves.
Corporate America is full of crooks paying themselves $mil in 'salary' & bonuses.
Now some retard wants to punish people who dump the shares of crooks & losers?

So, let me get this straight. What this fool is advocating is for "traders" to become long-term bagholders and take it up the ass while the con-artists rape all because now you've got a tax law that punishes you if you sell???

What a Fu&%ing retarded idea!

Like con-America really gives a shit about shareholders.
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Agreed. I can't get out when the shit hits the fan? Great idea. Buy and hold while middle America gets mortgages on NINJA loans. Let's start there. Then we can print money and begin to tax the shit out of people in a recession. Obama and the Dems ride in at the right time to institute Socialism. The European Dream.
 
The whole taxation of stocks (all investments) comes from it all being classified as "unearned income". Meaning that if you make money from investments, (all cap gains, divs, etc) you are just a lazy-azzed bastard, compared to a blue color worker.

So, there is no debate, just send the money.

By contrast, I think Hong Kong (or maybe china) has zero cap gains. Seems to be working for them.
 
Quote from countryBoy:

The whole taxation of stocks (all investments) comes from it all being classified as "unearned income". Meaning that if you make money from investments, (all cap gains, divs, etc) you are just a lazy-azzed bastard, compared to a blue color worker.

So, there is no debate, just send the money.

By contrast, I think Hong Kong (or maybe china) has zero cap gains. Seems to be working for them.
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It means that we are intelligent enough to make money with our brains, instead of being some blue collar working stiff slave, who works for CEO's that pocket billions, and then fuck their workers by cutting their wages/benefits. I'd rather be a lazy ass, and use my head to make money, then be some blue collar sucker that enjoys being played all the time, and is too stupid to realize it. LOL!!!
 
Quote from TraderZones:

trade in your IRA. Then you won't have some of these worries. It is all tax deferred until ------------------------> whenever
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Until confiscated by Nanci Pelosi and the Libtards in exchange for a government guaranteed allowance.... no higher than you "need", of course.
 
Quote from skylr33:

It means that we are intelligent enough to make money with our brains, instead of being some blue collar working stiff slave, who works for CEO's that pocket billions, and then fuck their workers by cutting their wages/benefits. I'd rather be a lazy ass, and use my head to make money, then be some blue collar sucker that enjoys being played all the time, and is too stupid to realize it. LOL!!!
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+1 :D
 
Guys like this Motley Fool piss me right off. What a terrible idea. Does nobody understand the importance of liquidity?! Credibility for Motley Fool has just been lowered yet again.
 
Just to add, the difference between 365 day hold and 366 day hold is completely arbitrary. This is set up to help old guys like Buffet. If you own a stock for 5 minutes, you are an investor, and if you get your ass kicked, you earned every penny of the loss. Same as when you have a gain. You earned that too.

All the earned vs. unearned terminology goes back to populist legislation, early 20th century. Worked for big gov then, works better now.
 
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