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

The wrong taxes make it worse....

If you love the US.....

Which many of us do.....

You do things to make it better, not worse.....

A good person can cause more harm than a crook, because of stupidity....

Taxing securities is stupidity...

Plain and very very simple......

......................................................

The template needs to be changed...

What would make things much better is just a 10% consumption tax....

Tax revenues would rocket upwards....Every business of any substance would want to be in the US, and create lots of jobs....
 
Quote from bullmarket79:

lol please,,,people buy things everyday n the usa and pay a tax,,when the financial market was small,,,like the internet,,no tax was understandable,,but if the financial market is so large now that it can destroy the very foundation of our country then a tax needs to be paid to uphold the USA. Anyone votes against the tax hates the USA.
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You've outed yourself as a TOTAL IDIOT. It's dumbasses like you who elect Congress!
 
Quote from bullmarket79:

lol please,,,people buy things everyday n the usa and pay a tax,,when the financial market was small,,,like the internet,,no tax was understandable,,but if the financial market is so large now that it can destroy the very foundation of our country then a tax needs to be paid to uphold the USA. Anyone votes against the tax hates the USA.
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This has to be sarcasm.
 
Quote from Nofear777:

This is what makes me so scared... How could there be such stupid people in charge of this country?

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I see two answers. Stupid and apathetic people elect stupid leaders.

Also, don't assume the elected "leaders" are actually looking out for your best interests, and not their own (or rather the anti-American interests of those that own the politicians.) They may know exactly how damaging to the Constitution and freedom all of their bad decisions are. Free markets, the Constitution, freedom, etc. are a hindrance to those who already pull the strings.
 
With apologies to H. L. Mencken, one of his best quotes (with a little word substitution) sums up this whole issue in a sentence:

"No one ever went bankrupt underestimating the financial illiteracy of the American public."
 
So with this bailout bill not passing what does that mean for the transaction tax? I still can't fathom how this would ever see the light of day but who knows. Is the idea dead?

-Guru
 
Quote from swtrader:

congress is nothing but an order taker for K street lobbyists

a booth where they sell off pieces of the average citizen's hide to whoever wants to buy

if that means that they will make legislation that is absurdly inconsistent, on the very same day, they couldnt care less

last week, walls street fatcats wanted to buy a bailout - so congress shouted 'Depression imminent' to the little people

also last week, cheap labor pushers wanted more cheap labor, so congress yells 'labor shortage!'

your problem, is that you assume they have a shred of integrity

they dont
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No, I actually don't assume that they have integrity - I assume that, on the whole, they do what is most profitable to them - whatever that might be at the moment.
 
Quote from Cutten:

Sorry but this is not remotely like the transaction tax, you should stop mentioning it on this thread.

*Allowing* more people to freely compete in a market is entirely different to *forcing* people to pay punitive levels of taxation. The tech worker bill increased competition and freedom, allowing firms to hire who they wanted, instead of being forcibly confined to hiring Americans. No one has a right not to be competed against - that includes US tech workers.

An imposed tax is entirely different from free competition.
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first of all, i'll post whatever i feel like, you're not the moderator here

secondly, the h-1b is similar to this because it 'singles out' one group of people. in 2001, the industry actually shed jobs, with 195,000 foreign workers coming in . 9 out of 10 workers hired were h-1b

no other occupation got this treatment - everyone thought tech workers were 'fat cats'

there are a LOT of similarities, you're just too stupid to see it.

this issue is the government singling out a group of people, and putting them out of business, without cause

my point is that in the beginning, members of the targetted group will debate 'this' and reason 'that' - they underestimate what can be done to you just because you've been targetted, that some level of political power has it in for you

that's what this is about

in the case of tech workers, had every one of them fought back, with everything they had, it would have ended differently. but they hesitated, thinking 'reason will prevail'. that they were 'above' politics, because they had it all figured out. they didnt and got creamed
 
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