Posted on 01/10/2016 6:50:42 AM PST by parksstp
No. But many of us ARE concerned that Trump appears to be an unrooted populist hustling to get in front of whatever parade is passing by. He hopped on immigration as a terrific starter issue. Fair enough: putting 101 details aside, I agree with sharply limiting immigration and controlling the border.
But now he wants to tax Wall Street in some unspecified way? And this just after "free trader Trump" came out for a 45 percent tariff? How long will it be before he discovers taxing the big evil oil companies is a cheap applause line as well. By the time he's done, he's likely to be anti-GMO, pro-single payer, pro-regulation of political speech (because, hey, HE doen't need contributions ...), etc
Do I really think Trump will make all these choices on the listed issues? No, not really. But the point is, does anyone really have confidence in where The Donald will be tomorrow on any issue? The guy was a Hillary supporter the day before yesterday, etc. ad infinitum. He'll do a 180 in the blink of an eye, shrug his shoulders, and say "I'm a winner."
That is an interesting conclusion given Trump’s company has very little debt. He ran his campaign for six months and was 35 million under budget. He talks over and over and over about government waste and the debt. So do his children. So implying as if it’s objective fact Trump is big government is interesting. Seems like the database needs more information so the conclusion formed is more accurate.
No, I’m saying you’re an uninformed boob if you haven’t read Trump’s tax plan and are unaware that he’s been using Dem talking points to sell it to a wider audience than just the Cruz Circle Jerkers.
Read post 19 and follow though the links to Laz’s thread.
Tag line.
You’re absolutely right.
Thanks, as I stated, I don’t really care if it’s ended with a tax or not - I just want it ended.
If they end it some other way, it will still have the same effect on the tycoons that make their living by taxing everyone else via this method, rather than investing in companies.
That's a negotiating tool, not necessarily an end result.
I fail to see how high speed trading is insane. With technology a lot of things can happen at the speed of light, as you say.
“I fail to see how high speed trading is insane. With technology a lot of things can happen at the speed of light, as you say.”
Insane may not be the right word, but permitting this practice is INSANE as it amounts to tax on every small investor who does a transaction, as they don’t have that capability, and that it is TOTALLY AGAINST the fundamental concept of a stock market, which is to have a place where people can invest in companies that they see as making money in the future.
It needs to be stopped, regardless of my specific terminology.
Not a ‘Trumpateer’, whatever that is, but I think it’s important in this case to look at exactly what he is talking about. The market has turned into a joke because of the very rapid computer-based day-trading. A small tax on trades in which a stock is not held for at least a day would not have any effect on normal investors, but would dissuade the destabilizing effects of those who are playing games with rapid computer-based trading.
FR, the new DU. Tax Wall Street!!!!! Tax the rich!!!!! They cause all the problems, we should Occupy Wall Steet!!!!!!
I have an online account and I haven’t been prevented from investing in companies. It’s convenient, and fast.
All of Trump's specific corporate tax proposals will benefit the economy on Main St. Here'r some details http://taxfoundation.org/article/details-and-analysis-donald-trump-s-tax-plan
“I have an online account and I haven’t been prevented from investing in companies. It’s convenient, and fast.”
As long as you don’t mind paying that tax these high-speed outfits, no big deal. It bothers me. When I trade, if I pay a tax (although it’s usually the other way, LOL), I think it should go to the government.
There was a really good report on 60 Minutes several years ago about how they skim practically all trades, and how it is totally invisible to the traders...but HUGE amounts of money are being collected by them.
Funny, Trump’s plan, as detailed, doesn’t mention increasing taxes anywhere. The assessment is on decreasing tax rates. So, decreasing tax rates are good. Now, apparently, increasing tax rates are also good. As long as it on evil Wall Street, of course.
Don’t tax you, don’t tax me, tax that guy behind the tree.
So don’t call it a tax. Call it a penalty for manipulating the market with no intention of truly ‘investing’ in a company. Buying a stock and then selling it within minutes (or less sometimes) is not investing, and playing games with the market induces lots of volatility. That volatility is what gets passed on to main street. Always.
This has nothing to do with taxing the rich, and neither did Trump’s comments. I am absolutely against the concept of punishing success. This has nothing to do with that.
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