Democrats Back a 'Trading Tax'

Posted by $ Olduglycarl 8 years, 9 months ago to Economics
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Say Speediest Stock Traders a Threat.

I say...Bad Idea...I think it would destroy market liquidity.

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  • Posted by ChuckyBob 8 years, 9 months ago
    First of all, Sanders is proposing it...need I say more? No, but I will anyway. Having a socialist try to regulate capitalist systems is like asking a two-year old to perform brain surgery. It will just end up a bloody mess. I agree that the proposed tax would remove liquidity from the market. Also, if they make a profit, they are already paying tax as normal income for short term. So, if you cut down the trading, you will probably cut the gross tax revenue.

    Finally, I don't think this has anything to do with eliminating trading. It has everything to do with extortion.
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  • Posted by $ MichaelAarethun 8 years, 9 months ago in reply to this comment.
    Or pass as whomever is on the other side of the fence checks their suipport fund donations. Banks are not alll of the monied classes. And not to forgtet foreign funds which are no legal i as free speech as well.
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  • Posted by $ MichaelAarethun 8 years, 9 months ago in reply to this comment.
    Is it the runaway market with no working speed bumps that the real economy has steam rollerd and NASCAR speeds time and time again

    or

    transferring money around the world and out of control of our own government

    or some other reason.
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  • Posted by $ Olduglycarl 8 years, 9 months ago in reply to this comment.
    For sure. I don't see how fast one trades harms anyone...it's got to be jealousy...Oh...that would be for normal people...it's envy for sure...
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  • Posted by $ MichaelAarethun 8 years, 9 months ago
    If the Dems are for it I'm agin it There is a trap in there somewhere.
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  • Posted by $ Olduglycarl 8 years, 9 months ago in reply to this comment.
    You got that right...I thought it was a amazing innovation and has allowed many to profit in a tough market...ya gota give em that.
    Dems don't like it cause their not part of it and don't understand it...they'd need a mind for that!
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  • Posted by freedomforall 8 years, 9 months ago
    Dems have never seen a tax they didn't like, but this one will die quickly as soon as the banksters make it clear that political bribes will end for anyone who supports it.
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