Democrats Back a 'Trading Tax'

Posted by $ Olduglycarl 8 years, 9 months ago to Economics
58 comments | Share | Flag

Say Speediest Stock Traders a Threat.

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


All Comments


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  • Posted by $ 8 years, 9 months ago in reply to this comment.
    Well the repubs must be doin somthin wrong...caus they ain't rich...only the one's that work for a living.
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  • Posted by $ 8 years, 9 months ago in reply to this comment.
    Demoncraps are the richest 1% cause they usurped it from everyone else...it's the only way they can get money...too stupid to do it any other way.
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  • Posted by ChuckyBob 8 years, 9 months ago in reply to this comment.
    I guess there is an element of truth there since socialist believe the government has money as long as they can still operate a printing press.
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  • Posted by $ allosaur 8 years, 9 months ago in reply to this comment.
    I have been since 4 years of Peanuts Jimmy Malaise helped me grow a brain and tell him to go to hell by voting for Ronald Reagan.
    Too many voters are not real American citizens anymore. Just ignorant clueless sheeple.
    I watched some boneheads in bikinis get questioned by Watters World on Fox last night. Disgraceful. Couldn't watch it all.
    Had too much Independence Day barbecue in me to get sick.
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  • Posted by $ Suzanne43 8 years, 9 months ago in reply to this comment.
    First of all, Neal, thank you for your service to our country. I have voted in every election since I could vote. Unfortunately, moochers now comprise almost fifty percent of the voters in our country. They love taxes, especially the ones that they don't pay.
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  • Posted by NealS 8 years, 9 months ago in reply to this comment.
    Tell them to go to Hell at the voting booth. We've got to start standing up to these people with these destructive mindsets.
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  • Posted by blackswan 8 years, 9 months ago in reply to this comment.
    Taxes have NEVER been about revenue under the socialists. They've always been about social engineering, i.e., about punishing the productive - revenue be damned.
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  • Posted by $ allosaur 8 years, 9 months ago
    The jackass party has never seen a tax it did not like. Period.
    Yes, I'm talking like the Taxer-In-Chief. Period.
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  • Posted by term2 8 years, 9 months ago in reply to this comment.
    what I have also found is that when there are alternatives to legally paying the taxes, other taxes are there that apply to the alternatives and they all seem to come out the same.

    example is in order to get rid of employees and all the hassles and taxes with them, we might choose to automate. Then I find that at least in Nevada there is about a 1.5% business property tax payable on all machinery- EVERY YEAR. So not only does one have to build or buy the machine, you have to pay essentially an asset tax every year for the privilege of owning and using it.
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  • Posted by Joseph23006 8 years, 9 months ago
    As usual the Democrats want to get at the Republican RICH but there are probably more rich Democrats! Those who will suffer the most will be the middle class traders, because they would trade more, the rich can afford to sit on their investments for a longer time. Democrats are lousey economists, they never get it right, they only make it worse.
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  • Posted by wiggys 8 years, 9 months ago in reply to this comment.
    subverting laws is something that they calculate and build it into the fines you will pay if and when someone is caught.
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  • Posted by term2 8 years, 9 months ago in reply to this comment.
    I think the government generally knows what will happen. They have many agendas. Their first agenda is to increase governmental powers by passing laws. Secondly, they want the new power to increase revenue. Thirdly, they stupidly underestimate the citizenry's ability to subvert laws
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  • Posted by ChuckyBob 8 years, 9 months ago in reply to this comment.
    It is a very poorly thought out plan by someone who is not even good at playing tic-tac-toe. A chess player would look down the road to see the totally foreseeable, but unintended consequences. So lets examine these consequences: 1 the stated purpose is to dissuade high frequency trading. 2 high frequency trading currently generates tax revenue. 3 if high frequency trading disappears, so does the tax revenue that is currently being generated and the proposed tax is never realized. What's wrong with this picture?
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  • Posted by Herb7734 8 years, 9 months ago
    Just another power play to gain control of your freedom in one more area.
    An Analogy: This is how the left has taken over our country. - A woman wants to poison her husband. Rather than give him a single dose of arsenic, which would surely put suspicion of murder on her, she feeds him small amounts at a time until it builds up in his system. He appears to become sickly and fulfills everyone's expectations by expiring after a while and thus suspicion is diverted away from the loyal wife who stuck by him in his death throes.

    We have been getting fed the arsenic of socialism for 100 years and it is on the verge of killing us. If Mrs. Clinkton is elected, it may well be the final dose.
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  • Posted by term2 8 years, 9 months ago in reply to this comment.
    Hillary will be against it, cause the wall street people have bought her off.
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  • Posted by wiggys 8 years, 9 months ago
    Due to the poor economic condition of the country the tax revenues being confiscated by the government has diminished so the elected government workers have a need to protect their income so they band together, trust me the republicans too are in on the scam, to raise taxes on anything and everything they think they can get away with. Better trade like crazy until the tax is put into "LAW"!!!
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  • Posted by term2 8 years, 9 months ago
    This sounds like a plan to raise more money for the government. The reasons they bring up are just excuses to get more money. I find it valuable to translate all things the politicians and government say in the light of their hidden agendas.
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  • Posted by $ 8 years, 9 months ago in reply to this comment.
    Exactly...one thing I've noticed about wall street...they can always figure a way around and make profit anyway...the proverbial raspberry!
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