Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: runninglips
That is 311 Billion shares, .01% of that would be 31 Billion shares, times that by the shares worth. You get a HUGE number.

My public education says that 31 billion is 10% of 311 billion.

And we have a $3.8 trillion annual budget. So if Wall Street paid a $10 tax on every share traded, we would still have an annual budget deficit.

But I think that if you did impose a $10 tax on every share traded, you would soon find out that far, far fewer than 311 billion shares get traded as a result.

58 posted on 11/05/2011 3:35:00 PM PDT by Yo-Yo (Is the /sarc tag really necessary?)
[ Post Reply | Private Reply | To 56 | View Replies ]


To: Yo-Yo

Not a 1 cent tax on each share, but a .01% tax on the value of the share. The average price per share if it was $100 would be $1.00. Do that for every commodity and every trade. It does add up to trillions each year. $1.00 to gamble is not intrusive on a hundred dollar share, and it is affordable.


60 posted on 11/05/2011 4:42:28 PM PDT by runninglips (Republicans = 99 lb weaklings of politics. ProgressiveRepublicansInConservativeCostume)
[ Post Reply | Private Reply | To 58 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson