Posted on 01/10/2016 6:50:42 AM PST by parksstp
Republican presidential frontrunner Donald Trump pledged to "tax Wall Street" as he sought to use a severe stock market selloff to plant new seeds of fear among voters during a campaign rally Saturday in Iowa.
At times, the real estate mogul sounded more like Democratic presidential candidate Senator Bernie Sanders, a constant critic of Wall Street, than a billionaire candidate running for the Republican presidential nomination.
"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."
(Excerpt) Read more at newsmax.com ...
So what you’re saying is you’re a progressive/socialist on economic policies?
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).
Sorry. Just channeling the Trumpateers
Only if Trump implements them
Don't you realize the only reason why progressivism hasn't worked is because the right people weren't in charge
Red flag alert!
Wall Street banks/brokerages are huge enablers of the Uniparty and the political status quo.
Tax them into oblivion, then tax them some more.
"I don't care about the Wall Street guys," he said. "I'm not taking any of their money."
that's why Goldman is pushing Bush, Cruz, Xlinton
There may well be a bubble, in real estate as well as stocks. Obama has spent seven years monetizing the debt. We don't need anything so primitive as printing presses anymore; we are now on -- what is it, QE XXXIV? If Trump wants to talk about bubbles, he needs to get a handle on Econ 101.
See BobL’s comment guys, Coulter was right. Trump can literally say whatever he wants. The issues don’t matter to his blind followers. They have sold out every belief for Cult of Personality.
BobL Said:
“Im 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).”
“that’s why Goldman is pushing Bush, Cruz, Xlinton “
Yep, and the tax will barely touch the small-time investors or the people that have their money in IRAs/401k’s, but it will KILL the hundreds of billions of dollars extracted out of “timed trading”, where orders to buy and sell from those firms literally race ahead of orders from mom and pop shops, so they get in their and cause the seller’s stock to drop by 1/8 point several microseconds before the mom and pop sell order makes it there.
That’s why these firms NEVER lose money (unless they invest in mortgages, LOL).
Nah... Trump is not a big government guy.... No, not at all...
Right you are.
Yep! That’s me!
The Wall Street TYCOONS are stealing from everyone with brokerage account, a 401k, and an IRA that trades stocks.
I would LOVE to shut that down and get investing back to what it’s supposed to be - where a company is studied and investments are made based on that.
I could NEVER defend that bunch on Wall Street - although, I guess, you could.
I don’t believe in the conservative scorched earth way of thinking. I believe scorched earth is a tactic employed by the losing side when they are losing. A lot of TDS is scorched earth thinking. Maybe this helps;
Conservative vs Liberal, a history of terms and discussion.
http://www.freerepublic.com/focus/f-news/3373783/posts
By the way, thanks for helping me get my word out.
This has something to do with how the hedge fund guys make a ton of money, that they pay no taxes on.
Politicians (in both parties) like to vilify Wall St, but never seem to go after their tax-free status, since that’s where a lot/much of their donations are coming from.
Goes back to this...
Trump is saying the same thing he’s been saying, for a long time.
NewsMax/GOPe is just trying to do the twist....throw ‘em a Twister board :)
Hot link to Laz’s post; http://www.freerepublic.com/focus/news/3372298/posts?page=85#85
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