Free Republic

(CNSNews.com) - Rep. Keith Ellison (D-Minn.) told a gathering of Democrats, “The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it.” Ellison was discussing his ‘Inclusive Prosperity Act’ measure at the July 25th Progressive Democrats of America roundtable in Washington. “People like, George Soros, Bill Gates, Warren Buffett, Paul Krugman, Joe Stiglitz, Jeffrey Sax, Dean Baker, Robert Poland, Larry Summers have said they all support a transaction tax,” Ellison said. “The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,” Ellison continued, “The government...

ON JANUARY 1 2012, THE GOVERNMENT IS REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS. WONDER WHY? 1% tax on all bank transactions HR4646 Watch for this AFTER November elections; remember this BEFORE you VOTE in case you think Obama's looking out for your best interest.

Occupy’s busting out on a new path … So Adbusters is asking people all around the world to march on Oct. 29. “We want to send a clear message that we the people want to slow down this global casino.” And Adbusters does have one specific demand, a 1 percent tax on financial-sector transactions. Some form of that idea, known as the “Robin Hood” tax. Dominant Social Theme: We want justice for the world and the UN will give it to us. Free-Market Analysis: Kalle Lasn, founder of Adbusters magazine, based in Vancouver, B.C. – the magazine that issued the...

If you can count on the Europeans to invent one thing, it is the invention of taxation. The latest effort by the European Commission is one that is just baffling if you have been watching the action in the European banking sector of late. The sector is already gushing blood. Here comes a proposal, which we assume is close to dead on arrival, for a financial transaction tax for stock, bond, and derivative transactions that take place between financial institutions. The EC is probably naive enough to believe its math. It claims that this could approximately raise €57 billion every...

Forgive me if this is previously posted.... I just can't believe they are going to try this crap. I checked this out and it is true. There will be a 1% transaction tax on any financial transaction with the exception of purchase and sale of stock. If we make a $500 ATM withdrawal, we will pay $5 tax, and $300 on a $30,000 car purchase. I checked this out on Truth or Fiction and it is true. The bill is HR-4646 introduced by US Rep Peter deFazio D-Oregon and US Senator Tom Harkin D-Iowa. It is now in committee and...

Have you been tracking Congress's frantic search for the hundreds of billions of dollars in new tax revenues it needs to fund its spending orgy? The latest Willie-Sutton trial balloon is a tax on Wall Street transactions. This is being met by howls of protest, as is customary whenever Congress fingers a new source of wealth it would like to spread around. As tax proposals fly, enticing targeted groups to hike their campaign giving in hopes of shifting the burden elsewhere, might it make sense to examine the moral basis of these proposals? Oddly enough, there is a form of...

Taxing financial transactions on Wall Street is gathering support in high places. With federal budget deficits soaring, policy makers and other advocates are eyeing the huge sums that could be raised as a way to cover the costs of new initiatives. Labor unions, in particular the AFL-CIO, have proposed a financial-transactions tax as a way to defray costs of a health-care overhaul. Lawmakers have discussed a similar fee as a way to cover the cost of future financial oversight. Liberal advocates are pushing the tax to pay for new stimulus spending. This week, the left-leaning Economic Policy Institute floated the...

... (5) The easiest method to raise the money from Wall Street is a securities transfer tax, a tax that has a negligible impact on the average investor. (6) This transfer tax would be on the sale and purchase of financial instruments such as stock, options, and futures. A quarter percent (0.25 percent) tax on financial transactions could raise approximately $150 billion a year. (7) The United States had a transfer tax from 1914 to 1966. The Revenue Act of 1914 (Act of Oct. 22, 1914 (ch. 331, 38 Stat. 745)) levied a 0.2 percent tax on all sales or...