Posted on 08/22/2010 1:39:47 PM PDT by GailA
1% of $4 trillion is $40 BILLION in new taxes PER DAY. Figure 250 banking days per year and you get a total of $10 TRILLION in new taxes EVERY YEAR.
1% of $4 trillion is $40 BILLION in new taxes PER DAY. Figure 250 banking days per year and you get a total of $10 TRILLION in new taxes EVERY YEAR.
Except instead of trying to make money with overnight transactions, the banks will simply stop making those transaction and Stark will have single handedly destroyed the market.
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