Transaction-tax plan brings fresh Wall Street battle to Capitol Hill

Every time someone rebalances their 401k they'll pay 10 basis points on the balance? This includes target date funds and even index funds that rebalance.

Genius.
 
Bills like this and the trainwreck that is Obamacare are exactly what you get when one entire party (half of our democratic system) is represented by lawyers and academics.

Absolutely zero understanding of markets or economics.
 
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