Wall Street got us into this mess, not Main street.
Let the financial institutions pay a value-added-tax on every financial instrument trade (a transaction tax if you will). Plain and simple. Eliminate the tax after the debt is under control.
“Wall Street got us into this mess, not Main street.”
No, CONGRESS and their BS tinkering with the free market system is what primarily caused this mess! Now, you want to give the idiots who created the problem the right to fix the problem?
“Eliminate the tax after the debt is under control.”
You mean like the long distance phone tax which was enacted to help pay for the Spanish-American war in 1898? Which apparently didn’t get “paid for” until 2006? And when they got rid of the “long distance” tax, they RAISED the local call tax rate!
Let’s not let the patients continue to run the asylum!
>Wall Street got us into this mess, not Main street.
You are half right...Main St didn’t do it but the Liberals in office did with their
wasteful spending on entitlements, billions to Hamas, acorn, lazy non-workers etc.
Wall St depends on a country that prospers, not a welfare state.
There’s a difference between “Wall Street” and “ the banks”. Wall Street is what makes it possible for banks to loan money. Its’ up to the banks to decide who to loan that money to. Wall Street is the engine of capitalism because that’s where money is raised to support businesses that ultimately create jobs, which lead to smaller outfits creating smaller companies with money loaned from the banks, which creates jobs.
So, the ire against “Wall Street” is misplaced. The ire should should be directed at the banks, and the mother bank - the Federal Reserve. Wall Street is just the playground, and the banks turned into the neighborhood bully who went there to beat us up.