I am not so convinced. He is agitating hard his social programs and people love freebies above anything else. The fact that he is second to Biden on the Democratic party crowded list tells that his socialist ideas are quite popular. Even inconceivably they have a support of some elitetraders.
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what do you think of this Bernie's taxing trade proposal
- Thread starter ggelitetrader000
- Start date
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.
Effectively, it can already.
Bernie is a communist, plain and simple. He reminds me of foam forming (in his mouth), comrade in Chinese cultural revolution era. Doesn't matter who is working hard or innovating. Take other people's money as much (fast) as you can, and distribute to all fat lazy asses. Meanwhile the so called leader enjoys multi million dollar houses, bank accounts and all luxuries behind your back.
you obviously need a lesson in mathematics. you are completely clueless.We already have a transaction tax, it's called commissions so I'm sure it won't change much.
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you obviously need a lesson in mathematics. you are completely clues.
Enlighten me
Commissions go to a broker, not the govt. Commissions are not a tax.Enlighten me
suppose you turn over your account 10 times/day as an active trader. at .001 your cost per day is 1 per cent. try and make a living while paying one per cent per day. compare that to a ticket charge of $5 per ticket or a penny per share. your original post was complete nonsense.Enlighten me
re:We already have a transaction tax, it's called commissions so I'm sure it won't change much. by nooby _mcnoob
Your original post was trash talk. you obviously are not a trader.
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I wonder whether Bernie ever did any investment activities. As such, apparently he does not understand blood and sweat involved for retail traders to stay competitive. Oh yeah he only mentions about taxing the transactions without regard to gain or loss. Should the retail investors be credit for each transactions that results in a loss too?
suppose you turn over your account 10 times/day as an active trader. at .001 your cost per day is 1 per cent. try and make a living while paying one per cent per day. compare that to a ticket charge of $5 per ticket or a penny per share. your original post was complete nonsense.
re:We already have a transaction tax, it's called commissions so I'm sure it won't change much. by nooby _mcnoob
Your original post was trash talk. you obviously are not a trader.
I find it hard to follow you. $5/trade + 0.001c tax isn't a huge change. What is the issue?
Bernie is a communist, plain and simple. He reminds me of foam forming (in his mouth), comrade in Chinese cultural revolution era. Doesn't matter who is working hard or innovating. Take other people's money as much (fast) as you can, and distribute to all fat lazy asses. Meanwhile the so called leader enjoys multi million dollar houses, bank accounts and all luxuries behind your back.
That is the dirty little secret of Socialists and Communists. The rank and file are all gullible sheep that everyone is equal and gets the same slice of the pie. Truth is those at the very top, enjoy the spoils, are filthy rich, well feed, live luxuriously. Those at the bottom as their minion slaves toiling and believing their mantra that it is the rich people's fault, their lot in life! Look at Bernie Sanders, he has 3 houses now, drives a $200,000 car. How much is his salary as a Senator? Remember, he still has to pay taxes on that salary. So, where did all his huge net worth come from? There are Senators and Congressmen with net worths of $150 million to $250 million including, Nancy Pelosi. Yet, they want Donald Trump's tax returns? You would think a rational person would like to investigate members of Congress first. Lots of corruption there unless, you are blind!