Poll: Majority Of America Supports 1/4% Transaction Tax 54% - 35%

[drjekyllus]

Quote from walter4:

How about answering the question??

Again:

Why should you pay a 5 to 6 percent sales tax for buying the necessities of life, when tomorrow, some speculator on Wall Street can buy $100 million worth of Exxon derivatives and not pay one penny in sales tax?


Help me out here boys..

I don't pay sales tax in my state so your argument is completely wasted right there.

This is absolutely false that you pay a 5 to 6 percent federal sales tax. Its a state or county or city tax that you are paying.

It sounds like someone has go back and read their Constitution and all amendments.

 

[TraderZones]

Quote from walter4:

How about answering the question??

Again:

Why should you pay a 5 to 6 percent sales tax for buying the necessities of life, when tomorrow, some speculator on Wall Street can buy $100 million worth of Exxon derivatives and not pay one penny in sales tax?


Help me out here boys..

Simple. Jobs and trading activity will quickly offshore. For example, there are a number of exchange products that quickly moved to electronic trading on another exchange when the former exchange tried to keep open their pits.

Someone just published an ET thread about Hedge Funds moving and considering moving from London to Switzerland, based on new British taxes.

walter4, you need to take Econ 101 before becoming the next "Mr. Clueless Starts Another Thread."