The end is near.

[Emini Maestro]

Quote from startraitor:

Flippers, appraisors, real estate professionals and stupid homebuyers caused the slump, wall street and the govt just gave them the capital to hang themselves. How about a national tax on property trasactions?

That would not fix anything, just add another bandaid to a gaping wound with multiple soaked 4x4 pads draped over it, but still open, festering and leading to amputation. No more benefit than another $8k tax credit. Treating symptoms does not fix the problem.

 

[startraitor]

I was being facetious, but thanks for expanding on my point.

Quote from Emini Maestro:

That would not fix anything, just add another bandaid to a gaping wound with multiple soaked 4x4 pads draped over it, but still open, festering and leading to amputation. No more benefit than another $8k tax credit. Treating symptoms does not fix the problem.

 

[clacy]

Quote from startraitor:

Flippers, appraisors, real estate professionals and stupid homebuyers caused the slump, wall street and the govt just gave them the capital to hang themselves. How about a national tax on property trasactions?

Or here's a novel idea..... How about the government cuts spending and leaves taxes where they are. Or *gasp* lowers capital gains and taxes on businesses in order to stimulate job creation.

It was Barney Frank and the other socialists who contributed greatly to this entire bubble by making it mandatory to lend to those that are unable to afford homes.

 

[limitdown]

Quote from clacy:

The end is near......... for the Democrats

There will be a bloodbath in 2010 and Obama will be another 1-term failure in 2012.

Hopefully we can contain the damage before the November elections.

funny how no one ever, ever, takes credit for Bush causing these failures, these monstrous debts to China, with collapsing the US Dollar,

just blame the new guy,

perhaps the fickle ones are those that were so patient for 8 years and so impatient for 10 months....

if never mattered who won the election, these events were already under way, care of conservative economic policies put in place over the last 8 years....

not the last 10 months

 

[wutang]

Quote from Emini Maestro:

I suggest that government get out of the way and let the market correct itself; capitalism, supply-and-demand and the open market among other capitalists have righted the market, WHEN the govt and govt agencies (the Fed, etc.) keep their hands out of the market's pants.

None of the problems causing this fiasco have been fixed, but the bankers have been enriched. NAFTA and GATT's global idealism and theory of living-standard harmonization across nations, started under Lynden Johnson, ended our manufacturing power, so living-wage jobs are gone, without extensive education, and not everybody can be a Doctor, Accountant or Lawyer.

Jobs will only return to the status of living-wage jobs if manufacturing is returned through militant isolationism, protectionism and nationalism. Without those, nothing will change the trend toward the service economy, which has NEVER seen a recovery from recession or depression, anywhere in the world. NEVER. Recovery of living-wage jobs cannot occur within the framework of globalism.

And forget about the concept of a jobless recovery. That's just political crap-speak.

Hello, someone's talking sense in here! First time I've heard anyone mention living-wage jobs and the destruction of labor on this site.:eek:

 

[endsongs]

Quote from Mvic:

There will no doubt be a market maker exemption so that this tax does not apply to the likes of GS and JPM just as rules against naked shorting don't apply to them and those of their ilk (who do you think was naked shorting Bear and Lehman). Having the deck stacked is the only way they can compete.

MVIC you are right. There will be so many exemptions to this it won't be funny. I gurantee you that only small, non politically investors will be hurt by this. Can you imagine how much tax GS and JPM would have to pay on their high frequency scalping for pennies at a time?

 

[saliva]

Isn't Uncle Sam the biggest shareholder of just about all of the Wall Street firms and beyond? The market soared for the last 8 months so what the hell are they bitching about for crying out loud? If they want to fill their coffers, tell them to sell their positions and take the damn profit.

 

[Nofear777]

Quote from clacy:

The end is near......... for the Democrats

There will be a bloodbath in 2010 and Obama will be another 1-term failure in 2012.

Hopefully we can contain the damage before the November elections.

Im going to go out and vote on every congressman mayor, judge , lawyer, taxicab driver,

And Im not going to look at names.

Republican right down the line.

Before I read this I was mixed on some democrat ideas. No longer.
This is personal.

 

[Emini Maestro]

Quote from Nofear777:

Im going to go out and vote on every congressman mayor, judge , lawyer, taxicab driver,

And Im not going to look at names.

Republican right down the line.

Before I read this I was mixed on some democrat ideas. No longer.
This is personal.

There is no difference in the economic ends of these two parties.

 

[peilthetraveler]

For those of you that didnt do the math...this means that an average trader who now trades about 400k shares per month of a 50 dollar stock will have to pay $50,000 per month in taxes. You can bet this will stop all day traders.