IceBergSLiM
Lifer
- Jul 11, 2000
- 29,933
- 3
- 81
Because this would result in Black Monday looking like the Internet Boom
Do you people understand who the "big boy" traders are?
If you don't, here's a clue: Its YOU.
It's you pension plan.
It's your 401k.
It's your IRA.
So, Naders big plan is to make them pay more to invest your money / pension etc.
Want to guess who will actually pay for that? You don't really think it'll come out of the fund managers wallet do ya???
deregulate wall street and allow them to regulate themselves.
Not sure I understand what you mean.
If the states can collect sales tax on everything else, why not on stocks and bonds?
LOL you must have not been around in 2008
Why do the Libs think every answer to some objectionable behavior is a tax?
If you don't want "speculation and volatility", which I don't personally have a problem with, just enact laws to prevent it.
deregulate wall street and allow them to regulate themselves.
Ok lets look at bonds for instance. 10yr treasuries are currently yielding 1.58%.
Which means you would have to hold it for 5 years to break even on paying the sales tax.
Do I need to explain what this will do to bond yields?
Paying taxes on food is not making people starve to death.
Maybe, just maybe, having a tax on stocks and bonds will create long term investments.