Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say

I kept my letter short and sweet. (Had to pretend I was from Oregon to have the email go through.) :-)

"Can you give me one shred of evidence that speculators and investors are principally responsible for causing the financial crisis?"
 
Investors happily bought this shit as long as it had AAA painted on it. The investors should have said, black box model for 0.5% more? FUCK YOU.
 
Quote from drukes1234:

Make sure you call as well... I just can't believe how idiotic this government is
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This government is just an extension of the electorate. But yes, it's very idiotic.
 
Quote from Jayford:

Just think how screwed I'd be. I've been a full time, self employed trader for 21 years now. Who the hell would hire someone who has been self employed for almost his entire career? I have several degrees, but they were a long time ago. I could retire, but I'd have to go to a third World country to do it with the funds I have stashed away.

I would be soooo fucked.
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1. Register an IBC on the British Virgin Islands.
2. Move out of the country
3. Pay yourself a 70k annual tax exempt salary.
4. Set up some accounts through your corporation for personal living expenses.
5. Use your corporation to compound capital free from capital gains taxes.
 
I realize we're dealing with idiots here, but please be cordial if you contact these guys. Otherwise it will fall on deaf ears.
 
In all seriousness, wouldn't wall street be completely dead if something like this were to happen.

No trades, no liquidity, mom and pop would be paying 3 percent spreads on their 100 share order.

C'mon guys, this isn't even possible.




BUT, the scary thing is, I could see the gummit tacking on some kind of extra fee on trades similar to sec fees. Something really small to the avg investor but also something that would be felt by the pro trader.
 
Quote from Jayford:

Just think how screwed I'd be. I've been a full time, self employed trader for 21 years now. Who the hell would hire someone who has been self employed for almost his entire career? I have several degrees, but they were a long time ago. I could retire, but I'd have to go to a third World country to do it with the funds I have stashed away.

I would be soooo fucked.
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jayford, dont sweat it bro........ your golden
 
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