'Tax Wall Street' Trump Pledges After Stock Market Selloff

NEWSMAX ^ | Image: 'Tax Wall Street' Trump Pledges After Stock Market Selloff Saturday, 09 Jan 2016 05:11 PM | unknown

[BobL]

I’m with Trump here. High speed trading, where trades are made literally in microseconds and a facility’s distance from the trading floor affects response time, as light (and electronic signals) only travel at 186,000 miles per second, is INSANE - but very profitable to the insiders.

It could be wiped out tomorrow with something as a 0.25% tax on stock sales, something that a normal investor should not even notice (i.e., $25 on a $10,000 transaction). Either do that, or outlaw the practice outright (I don’t care).

[Servant of the Cross]

"There's a bubble," Trump told his audience in Ottumwa, southeastern Iowa, noting the nation's high level of debt. "You see the stock market is starting to, you know, see what's going on," he said. "It's starting to have some very bad weeks and some very bad numbers."

Trump also highlighted his independence from campaign contributions. "I don't care about the Wall Street guys," he said. "I'm not taking any of their money."

LOL. Spin attempt FAIL. Not one word about selective taxation or 'high-speed' trading. The Donald was not talking about 'high speed' trading. No, his rhetoric is broad, sweeping and meant to evoke bitterness, jealousy and class warfare. Just like Bernie and OccupyWallStreet.

[BobL]

Tag line.

[Servant of the Cross]

Tag line.

You should amend it ... Who cares about principles, conservatism or the Constitution. He's The Donald. Swoon.

[BobL]

Naa, mine is better.

[Servant of the Cross]

Ignorance is bliss.