A painless way to solve our growing debt:

[M14 Shooter]

https://www.americanprogress.org/is...catching-on-to-the-financial-transaction-tax/
If every trade, for example one share or 100, is charged a fee of .25 cents, and enormous amount of revenue can be captured reducing the debt and potentially stabilizing the market.

This is a regressive tax and affects the small trader - usually middle-class individuals - far more than the big trading houses.
Why do you hate the middle class?

 

[M14 Shooter]

Taxing stock transactions will result in money coming out of the market and moving to other investments.
Those that support this idea are either too dumb to see this, or have this as their goal.

Realistically I agree. But even if this were not the case, diverting capital from ventures that build the economy, into the mindless maw of government is insane. I actually don't have a problem with a transaction fee - a fixed fee - imposed on trading in order to cool down some of the absurd and reactionary moves, but an actual sales tax is counterproductive to a healthy economy.

Taxing investment serves to dis-incent and therefore diminish investment.
Why do liberals what to diminish investment?
-That- list is long.

Please join the Neo Know Nothing Party, it's where you belong.

Says he without an once of ressoned response.

 

[Wry Catcher]

How about responding to the op with a substantive remark?

I made perfectly legitimate and concise response. Audit and shrink government. Deal with that.

I have! Now explain how that impacts the economy, unemployment and the deficit. Do you really think cutting jobs or entitlements are free? The Federal Government MAY benefit some, but a I doubt it; yet, every state, county, parish, city and town, school district and special district will suffer.

Every necessary job the gov attempts can be done more efficiently in the private sector. Every gov job that is cut frees up that much more money for the private sector and that freed money grows.

Bullshit.

Bridges and tunnels are major projects planned by governments and put out to bid. Private sector companies bid on the project and generally come in over budget and rarely on time.

I was involved in the planning and building of a jail, the private sector is no better and sometimes much worse than public sector in planning and competing projects.

Light rail, commuter rail, buses and street cars are examples of public and private collaborations, and just a few of many types of projects.

Knock of the bullshit, it's not credible with those of us who have experience working on major projects.

You know what the problem with that equation with the prison was…..a private sector company working for the government….then you have no accountability. If the private sector company is working for another private sector company, the company that hired them has incentives to make sure the work is done on time, at cost and up to specification……the government is not accountable so they have no urgency to make sure the private sector company is doing what it was hired to do.

It is government that is the problem…again.

You're have no idea how government works, and yet the broad ignorance which defines you is ever present on issues you know nothing about.

In one example, the privater contractor installed a sprinkler system with pipe too small, and the area to be protected from fire was too large for the system to operate properly.

The mistake was discovered by the County when government workers checked on the work. The Contractor was told to remove the system, at his cost, and replace it with the proper equipment designed by the architect and outlined in the drawings.

Since profit is the incentive for private companies, efforts to increase their bottom line can- and in this case - did create a life threatening situation.

 

[Wry Catcher]

If every trade, for example one share or 100, is charged a fee of .25 cents, and enormous amount of revenue can be captured reducing the debt and potentially stabilizing the market.

This is a regressive tax and affects the small trader - usually middle-class individuals - far more than the big trading houses.
Why do you hate the middle class?

Oh I do. I hate the middle class, they are so ... middle.

You are now free to exercise your basic dishonesty, common to posters like you (rabbi(t), Keys, mudwiiistle, and others) who take a phrase out of context and use it to defame others.

 

[M14 Shooter]

If every trade, for example one share or 100, is charged a fee of .25 cents, and enormous amount of revenue can be captured reducing the debt and potentially stabilizing the market.

This is a regressive tax and affects the small trader - usually middle-class individuals - far more than the big trading houses.
Why do you hate the middle class?

Oh I do. I hate the middle class, they are so ... middle.

As you support a regressive tax, you must.

 

[M14 Shooter]

I made perfectly legitimate and concise response. Audit and shrink government. Deal with that.

I have! Now explain how that impacts the economy, unemployment and the deficit. Do you really think cutting jobs or entitlements are free? The Federal Government MAY benefit some, but a I doubt it; yet, every state, county, parish, city and town, school district and special district will suffer.

Every necessary job the gov attempts can be done more efficiently in the private sector. Every gov job that is cut frees up that much more money for the private sector and that freed money grows.

Bullshit.

Bridges and tunnels are major projects planned by governments and put out to bid. Private sector companies bid on the project and generally come in over budget and rarely on time.

I was involved in the planning and building of a jail, the private sector is no better and sometimes much worse than public sector in planning and competing projects.

Light rail, commuter rail, buses and street cars are examples of public and private collaborations, and just a few of many types of projects.

Knock of the bullshit, it's not credible with those of us who have experience working on major projects.

You know what the problem with that equation with the prison was…..a private sector company working for the government….then you have no accountability. If the private sector company is working for another private sector company, the company that hired them has incentives to make sure the work is done on time, at cost and up to specification……the government is not accountable so they have no urgency to make sure the private sector company is doing what it was hired to do.

It is government that is the problem…again.

You're have no idea how government works....

Irony of ironies.

 

[martybegan]

tax the purchases of stocks, bonds and other financial instruments.

See and read:

http://economix.blogs.nytimes.com/2011/08/22/a-sales-tax-on-wall-street-transactions/?_r=0

Now vote:

So basically you want to go and raid everyone's 401k right?

 

[M14 Shooter]

tax the purchases of stocks, bonds and other financial instruments.

See and read:

http://economix.blogs.nytimes.com/2011/08/22/a-sales-tax-on-wall-street-transactions/?_r=0

Now vote:

So basically you want to go and raid everyone's 401k right?

No... he wants to raise federal revenue at the expense of the middle class investor.

 

[Staidhup]

Same old song and dance, give me everything without having to work for it, at someone else's expense, provided I get what I want. Not to hard to see the trend, why this country is in such a mess.

 

[Wry Catcher]

tax the purchases of stocks, bonds and other financial instruments.

See and read:

http://economix.blogs.nytimes.com/2011/08/22/a-sales-tax-on-wall-street-transactions/?_r=0

Now vote:

So basically you want to go and raid everyone's 401k right?

LOL, I do! My goal is to take .25 cents from their investment in stocks, bonds and other financial transactions. And what would that make me? A thief? A crook? or a broker? Would their be a difference?

Well, in my case the money wouldn't go into my pocket, as I posted it would go into buying back treasury notes for those who hold our nations debt.

But, why would the, "I got mine, fuck the rest of you (and your kids and their kids)" set give a damn. The debt is simply a talking point.

 

[M14 Shooter]

tax the purchases of stocks, bonds and other financial instruments.
See and read:
http://economix.blogs.nytimes.com/2011/08/22/a-sales-tax-on-wall-street-transactions/?_r=0
Now vote:

So basically you want to go and raid everyone's 401k right?

LOL, I do! My goal is to take .25 cents from their investment in stocks, bonds and other financial transactions. And what would that make me? A thief? A crook? or a broker? Would their be a difference?

It makes you someone who supports a regressive tax, intended to raise revenue off the backs of the middle class.

 

[2aguy]

I made perfectly legitimate and concise response. Audit and shrink government. Deal with that.

I have! Now explain how that impacts the economy, unemployment and the deficit. Do you really think cutting jobs or entitlements are free? The Federal Government MAY benefit some, but a I doubt it; yet, every state, county, parish, city and town, school district and special district will suffer.

Every necessary job the gov attempts can be done more efficiently in the private sector. Every gov job that is cut frees up that much more money for the private sector and that freed money grows.

Bullshit.

Bridges and tunnels are major projects planned by governments and put out to bid. Private sector companies bid on the project and generally come in over budget and rarely on time.

I was involved in the planning and building of a jail, the private sector is no better and sometimes much worse than public sector in planning and competing projects.

Light rail, commuter rail, buses and street cars are examples of public and private collaborations, and just a few of many types of projects.

Knock of the bullshit, it's not credible with those of us who have experience working on major projects.

You know what the problem with that equation with the prison was…..a private sector company working for the government….then you have no accountability. If the private sector company is working for another private sector company, the company that hired them has incentives to make sure the work is done on time, at cost and up to specification……the government is not accountable so they have no urgency to make sure the private sector company is doing what it was hired to do.

It is government that is the problem…again.

You're have no idea how government works, and yet the broad ignorance which defines you is ever present on issues you know nothing about.

In one example, the privater contractor installed a sprinkler system with pipe too small, and the area to be protected from fire was too large for the system to operate properly.

The mistake was discovered by the County when government workers checked on the work. The Contractor was told to remove the system, at his cost, and replace it with the proper equipment designed by the architect and outlined in the drawings.

Since profit is the incentive for private companies, efforts to increase their bottom line can- and in this case - did create a life threatening situation.

I know exactly how government works….and a rare occurrence is not something to brag about…..look at any government construction project and the waste, fraud and theft and then get back to me.

 

[2aguy]

tax the purchases of stocks, bonds and other financial instruments.

See and read:

http://economix.blogs.nytimes.com/2011/08/22/a-sales-tax-on-wall-street-transactions/?_r=0

Now vote:

So basically you want to go and raid everyone's 401k right?

LOL, I do! My goal is to take .25 cents from their investment in stocks, bonds and other financial transactions. And what would that make me? A thief? A crook? or a broker? Would their be a difference?

Well, in my case the money wouldn't go into my pocket, as I posted it would go into buying back treasury notes for those who hold our nations debt.

But, why would the, "I got mine, fuck the rest of you (and your kids and their kids)" set give a damn. The debt is simply a talking point.

No, yours is, you made money honestly now I want most of it to give to corrupt politicians who will use it for themselves and their friends, at least the tax money they don't waste, lose or outright steal….that is your attitude.

 

[Wry Catcher]

Has this impacted investors:

Compare | OptionsHouse

 

[Wry Catcher]

I have! Now explain how that impacts the economy, unemployment and the deficit. Do you really think cutting jobs or entitlements are free? The Federal Government MAY benefit some, but a I doubt it; yet, every state, county, parish, city and town, school district and special district will suffer.

Every necessary job the gov attempts can be done more efficiently in the private sector. Every gov job that is cut frees up that much more money for the private sector and that freed money grows.

Bullshit.

Bridges and tunnels are major projects planned by governments and put out to bid. Private sector companies bid on the project and generally come in over budget and rarely on time.

I was involved in the planning and building of a jail, the private sector is no better and sometimes much worse than public sector in planning and competing projects.

Light rail, commuter rail, buses and street cars are examples of public and private collaborations, and just a few of many types of projects.

Knock of the bullshit, it's not credible with those of us who have experience working on major projects.

You know what the problem with that equation with the prison was…..a private sector company working for the government….then you have no accountability. If the private sector company is working for another private sector company, the company that hired them has incentives to make sure the work is done on time, at cost and up to specification……the government is not accountable so they have no urgency to make sure the private sector company is doing what it was hired to do.

It is government that is the problem…again.

You're have no idea how government works, and yet the broad ignorance which defines you is ever present on issues you know nothing about.

In one example, the privater contractor installed a sprinkler system with pipe too small, and the area to be protected from fire was too large for the system to operate properly.

The mistake was discovered by the County when government workers checked on the work. The Contractor was told to remove the system, at his cost, and replace it with the proper equipment designed by the architect and outlined in the drawings.

Since profit is the incentive for private companies, efforts to increase their bottom line can- and in this case - did create a life threatening situation.

I know exactly how government works….and a rare occurrence is not something to brag about…..look at any government construction project and the waste, fraud and theft and then get back to me.

Once again you are posting an uninformed opinion. You are a liar and ignorant.

 

[2aguy]

Every necessary job the gov attempts can be done more efficiently in the private sector. Every gov job that is cut frees up that much more money for the private sector and that freed money grows.

Bullshit.

Bridges and tunnels are major projects planned by governments and put out to bid. Private sector companies bid on the project and generally come in over budget and rarely on time.

I was involved in the planning and building of a jail, the private sector is no better and sometimes much worse than public sector in planning and competing projects.

Light rail, commuter rail, buses and street cars are examples of public and private collaborations, and just a few of many types of projects.

Knock of the bullshit, it's not credible with those of us who have experience working on major projects.

You know what the problem with that equation with the prison was…..a private sector company working for the government….then you have no accountability. If the private sector company is working for another private sector company, the company that hired them has incentives to make sure the work is done on time, at cost and up to specification……the government is not accountable so they have no urgency to make sure the private sector company is doing what it was hired to do.

It is government that is the problem…again.

You're have no idea how government works, and yet the broad ignorance which defines you is ever present on issues you know nothing about.

In one example, the privater contractor installed a sprinkler system with pipe too small, and the area to be protected from fire was too large for the system to operate properly.

The mistake was discovered by the County when government workers checked on the work. The Contractor was told to remove the system, at his cost, and replace it with the proper equipment designed by the architect and outlined in the drawings.

Since profit is the incentive for private companies, efforts to increase their bottom line can- and in this case - did create a life threatening situation.

I know exactly how government works….and a rare occurrence is not something to brag about…..look at any government construction project and the waste, fraud and theft and then get back to me.

Once again you are posting an uninformed opinion. You are a liar and ignorant.

Allow me to retort…fuck you asshole….I know how government works and how much they waste, steal and lose……and how much less they take care of the tax payers money vs. the way a private business would watch the money they spend. If a private business makes it a habit to waste money they go out of business, if the government hires private contractors and gets screwed…they ask for more tax money.

Want an easy way to see this…go to your local school district……go to the DMV……go to the post office…see what happens there…..

 

[Uncensored2008]

LOL, I do! My goal is to take .25 cents from their investment in stocks, bonds and other financial transactions. And what would that make me? A thief? A crook? or a broker? Would their be a difference?

Well, in my case the money wouldn't go into my pocket, as I posted it would go into buying back treasury notes for those who hold our nations debt.

But, why would the, "I got mine, fuck the rest of you (and your kids and their kids)" set give a damn. The debt is simply a talking point.

Whether that is your goal or not, you promoted an article in the OP penned by a well known and radical Marxist, who promotes a VERY different goal. She advocates that between .5% and 55% of EVERY DOLLAR not only invested, but traded, be siphoned out of the economy and into the hands of government. Folbre seeks to cripple the market. Fair enough, she is a Marxist with the goal of replacing the free market with a central authoritarian economy. But don't pretend that the proposal is a transaction fee when you are really promoting a sales tax.

As M14 already pointed out, you'll gut the retirement funds of American workers, as you tax the fuck out of every trade made by mutual funds. A half percent for every trade means you have it all with 200 trades. With a dynamic fund, that could happen in weeks.

So essentially the proposal by Folbre would sweep every dime from the 401K retirement accounts of Americans within 6 months.

 

[M14 Shooter]

[
So essentially the proposal by Folbre would sweep every dime from the 401K retirement accounts of Americans within 6 months.

That is, of course, the plan.

 

[Buzz Jenkins]

How about the simplest, most efficient, most effective way to address our debt: CUT SPENDING.

 

[Mac1958]

tax the purchases of stocks, bonds and other financial instruments.

Ugh.

While my kneejerk reaction is to scream bloody murder, I can see this having merit as a way to not only raise funds but also to slow down the moderate and high frequency trading behaviors that can damage and distort markets.

I'd like to see what this would look like if different types of securities were treated differently. Derivatives, for example, might be taxed at a higher rate than mutual funds, stuff like that. And the "slippery slope" argument is definitely a fair one.

Ugh. I'd have to see a specific plan...
.

as much as you want to be accommodating…..our national debt is not a problem of not enough taxes bringing in not enough revenue….it has always been and will always be the government spending too much money.

Let's say you tax stocks, bonds and other financial instruments….and that tax money goes where…….to the very politicians who over spent us into 18 trillion dollars in debt..


The solution is not to come up with more ways to take money from the people who earned it…it is to find ways to limit the spending of the greedy, corrupt politicians who will always spend all the money you give them, and then spend even more you didn't give them….

I'd need to see the plan. Part of any fiscal policy, regardless of direction (more spending or less), has to be some kind of commitment to efficiencies. I'm also not a big fan of derivatives per se and some of the more casino aspects of markets, so directing investing dollars in another direction via tax advantage holds some interest for me.
.