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Vanguard's John Bogle pushing for a Transaction Tax on Stock Trading.
- Thread starter seasideheights
- Start date
Quote from lrm21:
There was a time where a tax's sole purpose was to collect funds from the general population in order to fund the governments limited services
Now taxes are merely a tool for the elites to opress the masseses into the behavioral outcome they want
Of course the tax will come with special loopholes for the elites.
Yup, good to see somebody else sees what is going on.
Socialists always have to have someone to blame when socialism inevitably creates poverty. That someone is inevitably speculators.
The New York Times writers have been harping about the need to dampen speculation ever since this crisis started. People that they influence now run things.
After their stimulus fails, do you think they will take responsibility? As I said, they have to have someone to blame.....
The New York Times writers have been harping about the need to dampen speculation ever since this crisis started. People that they influence now run things.
After their stimulus fails, do you think they will take responsibility? As I said, they have to have someone to blame.....
Quote from fhl:
The New York Times writers have been harping about the need to dampen speculation ever since this crisis started. People that they influence now run things.
You cannot be serious. The articles written by mass media are meant to program the masses not those who run things. The idea is getting more attention so that it can become reality in a smooth transition
After their stimulus fails, do you think they will take responsibility? As I said, they have to have someone to blame.....
What are you talking about? The point of this tax is to push the average trader out of business and have him join Obama nation while Wall Street insiders get to dominate daytrading again.
tradersboredom
Guest
lets be honest there.
majority or 80% market pacticipants are speculators ore borderline gamblers in the financial markets.
gambling tax
there are more traders than ever. and cause volatility.
increase traders caused the bubble 2000 and bubble in China's market.
and with bubbles comes crashes(market corrections).
majority or 80% market pacticipants are speculators ore borderline gamblers in the financial markets.
gambling tax
there are more traders than ever. and cause volatility.
increase traders caused the bubble 2000 and bubble in China's market.
and with bubbles comes crashes(market corrections).
Quote from seasideheights:
Just Tuesday morning, I was watching Vanguardâs John Bogle discuss the need for a transaction tax on investments. Now doesnât that seem to be a commenter who is hoping to move more people into a buy-and-hold (aka, till-death-do-us-part) strategy? That's the same strategy that has pummeled the average investor over the past 12 months. Why would Bogle even consider something so radical?
Oh, thatâs right, he runs a company that earns it keep by providing low-cost index funds with low turnover. Of course, low turnover would provide protection against a trading tax and hurt those pesky advisors who attempt to get out of the way of a speeding truck, also known as a market correction.
http://articles.moneycentral.msn.co...18/P4/DisciplinedInvestorJournal20090121.aspx
tradersboredom
Guest
tradersboredom
Guest
No. Just No.
You don't get it. I hope you are kidding but it doesnt sound like you are.
Daytraders caused this bubble? Uh, NO.
You don't get it. I hope you are kidding but it doesnt sound like you are.
Daytraders caused this bubble? Uh, NO.
Quote from tradersboredom:
lets be honest there.
majority or 80% market pacticipants are speculators ore borderline gamblers in the financial markets.
gambling tax
there are more traders than ever. and cause volatility.
increase traders caused the bubble 2000 and bubble in China's market.
and with bubbles comes crashes(market corrections).