Posted on 08/31/2009 5:11:19 PM PDT by Joiseydude
The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.
The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction.
Small and medium-sized investors would hardly notice such a tax, but major trading firms, such as Goldman, which reported $3.44 billion in profits during the second quarter of 2009, may see this as a significant threat to their profits.
(Excerpt) Read more at thehill.com ...
TAX HAPPY DEMS....LOL IS THIS DESPERATION OR WHAT. I NEED MONEY I NEED MONEY I NEED MONEY...AHHHHHHHHHHH!!!!!!
what do they need with so much....
Why don’t they just buy SHARES IN IT???
LOL
They will nickel and dime us to death.
I propose a new tax on every tax bill introduced in Congress. Republicans and Libertarians would hardly notice such a tax, but Democrats would be hard hit.
Why not tax dues collected by unions?
“They make money but does it really add to the productive base of the United States?”
Geez, only from a union member.
>> Small and medium-sized investors would hardly notice such a tax, but major trading firms, such as Goldman, which reported $3.44 billion in profits during the second quarter of 2009, may see this as a significant threat to their profits.
That’s an idiotic claim. A percentage is a percentage.
Well....primarily because the union members & especially the thugs & goons are too stupid to understand the stock market. All they want is their union pension, irregardless of how much graft is skimmed off the top.
Hey Wall Street: How’s that “hope and change” working out for ya?
What happens when they move their trading operations out of the country to avoid the tax ?
Like a gift tax for getting the auto companies?
How much do you want to bet that the private sector option for National Healthcare must be purchased through a union?
I'm all for it!
Let me guess..... companies the union members bought 401k stock in will be exempt?
Mark L. today said it was time to include the unions in the same anti-trust laws that cooperations have to follow.
Their is an Economist a Milton Freidman student who came up witht the concept.
If my memory is correct, any transaction over 20k would have had a .% tax or something to that effect tax, something like $10 a trade. It would generat enough taxes to run the economy alone.
I can see the Union Thugs using this as a scape goat against any real structural reform of all the entitlements...
Is the income unions receive from union dues taxed. Are unions even taxed; ie. like businesses and corporations. Do they pay corporate taxes?
the usual thing happens....no jobs not revenue no all down hill
Well, if they’re looking for the final fork to stick into Wall Street, this is it!
These people are total ‘tards!
PG 65, sec 164 provides for a political payoff from the Democrats and Obama; a special subsidized plan for retirees and their families in unions community groups like ACORN.
Gotta pay for their “earned” benefits somehow.
Get the rest here:http://www.collinsreport.net/the-50-reasons-to-stop-obamacare/
NC’s governor just passed a tax on everything. Wi a cigarette tax...
Tax tax tax.
Get used to it.
How is it cigarettes have been taxed so many times and no one bitches about it?
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