That you keep on moaning about things that have nothing to do with you. You get your little tax break should this plan ever come to fruition. If you ALSO don't understand this post then it just proves that you have not even read the article and bitch about things you don't even understand.
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what do you think of this Bernie's taxing trade proposal
- Thread starter ggelitetrader000
- Start date
Yes absolutely if it washes 2tln into the coffers and pays for something useful. Sure, why not. You sound more and more like a leech who likes to get stuff but does not ever want to pay for anything. That is how you come across from multiple threads by now.
Dude, cast your vote next year, do your civic duty and then accept and respect what the majority decides. Very simple. Stop bitching about everything that costs something.
Dude, cast your vote next year, do your civic duty and then accept and respect what the majority decides. Very simple. Stop bitching about everything that costs something.
And the point is?
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I guess you make over 50K per year hands down and would love to pay transaction tax to make a little bit less. Isn't so? And what post I don't understand?That you keep on moaning about things that have nothing to do with you. You get your little tax break should this plan ever come to fruition. If you ALSO don't understand this post then it just proves that you have not even read the article and bitch about things you don't even understand.
The link in the OP, idiot. On ignore. Some people are just too dumb for life.
I guess you make over 50K per year hands down and would love to pay transaction tax to make a little bit less. Isn't so? And what post I don't understand?
President Trump's veto? Bernie is running for president in 2020, remember?
Yeah, I doubt he is going to win in 2020. Democrats might pass a similar measure and I am sure he will push for it because he has to tout something in the debates. Otherwise, what has he done all these years as a Senator?
Your response is wishy washy.https://www.cbsnews.com/amp/news/bernie-sanders-taxing-wall-street-trades-will-raise-2-trillion/
It hurts my interest but also I have some agreements. However my concern is it hurts retail investors.
It will put out of businessthe day traders and short term traders who make US markets the most liquid in the world. Do I need to show the math that any transaction tax, no matter how small, would put them out of business and end up costing all investors?
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We already have a transaction tax, it's called commissions so I'm sure it won't change much.
Total bollocks. In fact the US market is one of the industrialized securities markets with the lowest share of retail originated orders. Most trades originate with hft firms and institutional money, both in terms of number of trades and notional.
Yes please show your numbers because you are dead wrong. There are transaction taxes in the UK and most markets in Europe, there are transaction taxes in Korea (market with the most liquid index options contract in the world) and there are transaction taxes in Hong Kong, a market with a retail share that is a multiple times that of any US exchange. And did I forget Australia...
Get your facts straight because you are wrong on all of them.
Yes please show your numbers because you are dead wrong. There are transaction taxes in the UK and most markets in Europe, there are transaction taxes in Korea (market with the most liquid index options contract in the world) and there are transaction taxes in Hong Kong, a market with a retail share that is a multiple times that of any US exchange. And did I forget Australia...
Get your facts straight because you are wrong on all of them.
Your response is wishy washy.
It will put out of businessthe day traders and short term traders who make US markets the most liquid in the world. Do I need to show the math that any transaction tax, no matter how small, would put them out of business and end up costing all investors?
... I am taxed at my normal income rate on the money I put in (and so are the wealthy - that money was at one point taxed)
Actually the vast majority of wealth created in the last 20 years has never been taxed. Jeff Bezos, Zuckerberg, Buffett, et al have not paid a dime in taxes on their wealth from the value of their stock in their companies. Now all they need is for Congress to eliminate the Estate Tax and that money can passed on to their heirs untaxed forever.
Do you even trade? What is your average annual rate of return? How many trades on average do you make?Total bollocks. In fact the US market is one of the industrialized securities markets with the lowest share of retail originated orders. Most trades originate with hft firms and institutional money, both in terms of number of trades and notional.
Yes please show your numbers because you are dead wrong. There are transaction taxes in the UK and most markets in Europe, there are transaction taxes in Korea (market with the most liquid index options contract in the world) and there are transaction taxes in Hong Kong, a market with a retail share that is a multiple times that of any US exchange. And did I forget Australia...
Get your facts straight because you are wrong on all of them.