Posted on 01/10/2016 6:50:42 AM PST by parksstp
I have an online account and I haven’t been prevented from investing in companies. It’s convenient, and fast.
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That’s the way I’ve been investing since 1999.
Note to everybody - I said investing, I’m not a “day trader”.
If you don’t have to pay a professional investor but just buy individual stocks on your own as I do there is a fee, not as much as having someone do it for you, but in any event I would rather pay the investment guys than pay the government as you suggest. What did the government do to earn that money? And more importantly, what good would the government actually do with that money?
Although there are no specifics, Trump will probably raise taxes in selective cases on Wall St earnings or more likely treat them as income. It’s doubtful that those would affect the broader economy much whereas his specific proposals (lowering top rates and corporate rates) would clearly create more businesses and jobs.
So don’t call it a tax.
The government does a LOT MORE for me than the hedge funds that operate that way, which get the money now. As it is, the tax won’t amount to much, at all, for small investors, but it will get the hedge funds out of it.
You are correct. There are no specifics. There never are with Trump. This time it is just the new conservative bumper sticker coming to a car near you: Tax Wall Street!!!!
Other than paying the military and national security, I can’t think of anything the federal government does for me that state and local government can’t do better. And this administration isn’t doing a very good job with national security or taking care of our veterans. Money kept privately is spent or reinvested.
Trump’s specifics are written in the article that I linked. He is not conservative in many ways and much more of a populist, hence raising taxes Wall St. a little is ok. But he is the type of politician that will be elected to stop the politically correct Muslim invasion, illegal immigration, and of course let people well-off people keep their money and create jobs with it. He actually knows what drives real business formation unlike the rest of the politician-lawyers running.
He has always said he would get rid of the tax loopholes associated with the hedge funds. But also said he would reduce corp and individual tax rates.
I love the way the media takes sounds bites from his rallies and create entire stories from it. Trump going off on tangents during his speeches is entertaining, but it confuses the media folks.
Should there be no rules? Should there be no penalties for bad or manipulative behavior? Bernie Madoff hurt a lot of people. There are others playing games affecting people's investment money, and this can hurt a lot of people by turning the market into a kind of computer game. That may be good for the ‘successful’ day traders, but it is not good for ‘main street’ or the country in the long term.
I certainly agree that privately spent money is better than government spent money. My problem is the hedge funds taxing our transactions. I don’t care that much how it’s stopped, but I want it stopped. These super-rich guys are also many (if not most) of the GOPe donors and are pretty much responsible for the fact that we can’t get good conservatives to run...as they won’t fund them.
Let them rot.
If what he means is expose and root out corruption, yes. Wall Street typically backs globalist NWO candidate like all Dems and fascists such as jebbush. Those are the people that profit from and protect their criminal activities. Insider trading supported by congress, treasury secretaries representing Golman Sachs, LIBOR rate fixing, gold shorts, drug laundering banks, legalization of bail-ins, MF Global theft, Federal reserve secret books, you can go on and on.
There is one trader (or traitor) that need to be taxed 100% and thrown in jail for crimes against humanity right now-George Soros.
What Trump is doing is good politics. Wall Street does not have broad support anymore. Dems don’t like Wall Street because of their delusional class struggle ideology. Conservatives don’t trust Wall Street because of their open borders policies and corruption. Trump probably figures that he isn’t getting enough money from his old buddies on Wall Street. The Wall Street types can give more to Hitlery and if they do, that’s going to be an issue he can exploit.
If you are talking about a few hedge fund managers paying a lower tax rate than other occupations, that is not what you describe as taxing the rest of us. A few people that make a lot of money only if they turn a profit and pay less income tax because of the risk doesn’t get me riled up.
No, they’re skimming EVERYONE with high speed trading, that is what I want stopped. Once that is stopped, then they won’t have the money to dodge the tax system.
But yes, I do have a problem with the tax code when it allows “carried interest” to be used as a tax dodge for the super-rich - I’d like to see that go away too. And we shouldn’t be defending it, if we make a billion we’ll be taxed at 39.6% (federal), they should too. All it does is give the Dems a platform to run on, and Obama used it BRILLIANTLY in 2008 to win...then he left the system in place as it was financing his party.
What?
“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.”
These are the answers I have come to expect of Trump. What did he say exactly? I could get a more cohesive answer from a Freshman in High School. And why would you call the most conservative proven person in this race fighting the GOPe and his supporters TDS? On the other hand you have a history of stated liberal positions by Trump and completely give it a pass? Did you get wrapped up as other FReepers have in the Hollywood fame euphoria? Do you feel a personal connection with Trump? I’m witnessing the sever decline in FR due to the naievity of some of its members. This position is no different than a liberal democrat yet because Trump takes it we are all for it?
I thought FReepers were better at spotting BS. I have been mistaken
What?
Folks, from what I'm seeing, this Trump thing isn't going to end well.
Nonsense.
About 0.01% of Cruz's PAC money is GS.
Tax them into oblivion, then tax them some more.
Not a good idea. That tax would just be passed on to their customers, IE everyone who has an stock based IRA, 401K, etc.
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