Yep, those who said do not worry may want to reconsider their confidence.
There is NO limit to the damage these socialist spread the wealth around pundits can cause if given the chance.
On CNBC this morning, a woman who teaches (!!!) economics argued for it, to "encourage long term investing" etc. and used the usual class warfare arguments, not noticing such a tax would wipe out day traders over night with accounts worth less than 250K and INCREASE the divide between rich and poor because well lobbied and connected big boys would get exemptions, while the general public likely would not.
Since the majority of traders lose, and transaction fees and slippage/commissions already stack the deck against small accounts, this is the back breaker if ever realized.
These Globalist elitists want to turn us all into slaves on a plantation, with whatever scraps of moldy bread they choose to throw us happily accepted with the though that we are lucky to get what they toss us.
I long for the days when only Erin Burnett talked up the tax, now that Pelosi is on board, all bets are off...
Sure, Geithner and others of influence are opposed, so most here will argue, as they have for some time, that such a bill will never pass, but many thought the same about the health care insanity, (passed house) cap and trade, financial regulations of late, etc.
These folks are ideological and determined, and that is lethal cocktail.
It is this complacency that keeps this train moving ever so readily and slowly (or in this case not so slowly) towards total stat ism...
There is NO limit to the damage these socialist spread the wealth around pundits can cause if given the chance.
On CNBC this morning, a woman who teaches (!!!) economics argued for it, to "encourage long term investing" etc. and used the usual class warfare arguments, not noticing such a tax would wipe out day traders over night with accounts worth less than 250K and INCREASE the divide between rich and poor because well lobbied and connected big boys would get exemptions, while the general public likely would not.
Since the majority of traders lose, and transaction fees and slippage/commissions already stack the deck against small accounts, this is the back breaker if ever realized.
These Globalist elitists want to turn us all into slaves on a plantation, with whatever scraps of moldy bread they choose to throw us happily accepted with the though that we are lucky to get what they toss us.
I long for the days when only Erin Burnett talked up the tax, now that Pelosi is on board, all bets are off...
Sure, Geithner and others of influence are opposed, so most here will argue, as they have for some time, that such a bill will never pass, but many thought the same about the health care insanity, (passed house) cap and trade, financial regulations of late, etc.
These folks are ideological and determined, and that is lethal cocktail.
It is this complacency that keeps this train moving ever so readily and slowly (or in this case not so slowly) towards total stat ism...
