endorsed? ENDORSED?? WHO'S IDEA IS IT THEN???
Posted on 12/07/2009 9:47:12 AM PST by BradtotheBone
(CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending.
At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach.
The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the Troubled Asset Relief Program (TARP), with funds from both going to fund a second stimulus spending package. (The first stimulus bill, $789-billion, was signed into law by President Barack Obama on Feb. 13, 2009.)
“I believe that the transaction tax still has a great deal of merit,” Pelosi told reporters. “The concern that many of us or others have had is that it will send, it will send transactions overseas.
Why does queen nan just tell the truth it would be 150b into a demonrat slush fund just like the tarp money.
endorsed? ENDORSED?? WHO'S IDEA IS IT THEN???
Pelosi endorses taxation without representation. Pelosi, reed Obama they are all traitors and need to be tried and hung.
Boy oh boy is buying votes getting expensive these days.
Put the crack pipe down, Pelosi....idiot.
This dumb broad needs to be tarred and feathered and run out of Washington as fast as we can send her!
“Someday there’s going to be a revolution and all these people are going to be swept away. I don’t have any idea when it’s coming, but it surely will.”
Or we will become Oceania...
Somebody, please! Please! Tell me there is a Real American Conservative who can/will run against this Communist Bitch and beat her in SFO!
House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a "global" tax on stock trades and other financial transactionsHow about a sort of inventory tax on stock holdings -- so there's no real benefit to buy and hold strategies? And a nice big tax on limosines, trips to Fiji, and property in Cape Cod and Long Island? And a windfall profits tax on overpaid entertainers?
What do you think Cap & Tax is? It's a tax on the CO2 you exhale!
You're kidding, right?
Some countries have stock investment institutions that allow
transfers into them , but one has to have an attorney/agent
to get things started.
Obama , BTW, has sent his minions out so that the traditional legal foreign venues must report all foreign accounts to the Feds.This is what Pelosi means about “Global Transaction Tax” ( the number being bandied about is .05 %, which in a $20,000 transaction is $100.00).
Now some folks do 300 day trades per year , and what if its say 300 x $100.00, thats $30,000 in global tax, regardless of whether one makes a profit on the trades or not.
This is not only a regressive ta, it is a tax that is designed so that the Federal government can get its hands on private wealth. Millions of baby boomers do trading to get their retirement portfolio to where they can exist without Social Security, which everyone knows is going down the tubes. This is about CONTROL and the outright confiscation of wealth.
It is also designed to make people more dependant of government serices without being able to generate self help.
Its HORRIBLE.
(Some if you do 20 transactions per year of 20 grand you
pay $2000.)
But some folks do 300 transactuions a year, get the number them if you did 300 day trades of $20,000.Thats 300 x $100.00 = $30.000
Everyone is well advized to start planning on how to get stock trading into an other country that is safe, secure, and beyond the jurisdiction of this catchment system, with a subsequent option to leave the USA if necessary.The alternative is to sit and have your economic freedom compromised, and be forced into poverty.
Stock trading is the one bright spot we have in the economy. And now the left wants to get it’s hands on private money and destroy it.
One can find information sources at the Sovereign Society.
http://www.sovereignsociety.com/
There are perfectly legal ways to have off shore accounts and to pay US Income tax on income. I doubt that some independant jurisdictions will enforce a Global tax on behalf of the US government, BUT at some point the only way to avoid it entirely will be to end one’s connections with the USA, in order to avoid enforced poverty. Whether that choice has to be made or not depends on how fast the Republic Party can destroy the Obama Junta and much it is now doing.
This is wonderful to the American people who don’t own stocks, bonds, etc., at least they will foolishly think so. There is just no amount of ignorance that can be underestimated. Lenin understood that too.
NAC in SF
Not a chance in San Francisco, where the people are convinced that Sodom and Gomorrah were treated unfairly.
It’s beginning to look like the Reagan interlude was much too little, much too late to save the country. We are headed to the thousand years of darkness Mr. Reagan warned about in 1964.
You left out the popular Charlie Melancon of LA, and yes people want “Blue Dogs” to keep Republicans “honest”, they will say. And it never happens.
Hey, I was thinking of selling a kidney so I can afford to buy more vitamins. So Pelosi’s plan makes perfect sense to me.
The only thing this could practically mean is that they want to impose a transaction tax on all of the U.S. exchanges, nomatter the location of the person making the transaction or the location of the broker or the company whose stock is being bought or sold.
What it would be is a terrific gift to the Nikkei exchange and all of the other various exchanges around the world that didn't impose this stupid fee on transactions. It would make plain sense for lots of companies to de-list from American exchanges and list on foreign exchanges. I'd be perfectly happy to buy some shares of CAT or GE on the London exchange instead of the NYSE.
I thought that it would never get to the point where I felt the USA is being defeated from within. Why doesn’t Pe-louse-i just go back to San Fran and indulge in the weirdness there? Even though she is clueless, everyone with even one brain cell working properly is aghast at her stupidity. On today’s date, especially those who gave their lives at Pearl Harbor have aching hearts for the America they loved. Pe-louse-i: Go Rot In He**!
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