Posted on 03/04/2019 5:53:43 PM PST by Freedom56v2
Yup, but I consider commissions a service fee paid to my brokerage for placing the trade, record keeping, etc.
The 2019 transaction fee bill will take money from me while providing no services—and give them more money to waste or buy votes, etc.
Oh, and commissions are negotiable; transaction fees collected by Uncle Sam, not so much :(
I see hemp in the various “left-wing firebrand’s” future.
It has nothing to do with recreation.
.
I think the entire socialist green new deal will be their 2020 platform. Never before has the choice been so stark. Well, maybe 1860. Pray our side goes all in for God, country, freedom and wins the showdown. Hate to even think about what happens if they take the presidency, hold the house and take the senate and then suspends the constitution so they can implement their socialist new deal, try to do away with free enterprise and private property, and tries to confiscate the guns and nationalize the wealth. It won’t work out well. Will be Lexington and concord all over again.
Stark indeed.
Well, there goes the “Pelosi is behind the outing of AOC and her campaign finance fraud” notion.
These Democrat idiots all inspired by that Russian Taxurassoff.
high-frequency trading by computer algorithms should be outlawed.
That is a separate issue.
This bill will not accomplish that.
Oregon ping
Actually DJT should sign this. After all, these guys all vote Democrat. 90% in Manhattan burrough...
Oh I did not know conservatives are for punishing those who don’t vote for their candidates. I thought conservatives are for less government, more wealth staying in the hands of citizens, in the private sector, etc.
And even if you want to punish groups who don’t vote for Trump, this bill is not just about traders in Manhattan...It is not limited to multi-millionaires.
It is about a transaction fee on mutual funds, ETFs, stocks, options, currency trades, bonds. And as we all know, fees can easy be raised once the structure has been established. Anyone who has an IRA will be paying these fees.
The article says:
The Joint Committee on Taxation estimates a financial transaction tax could help reduce the budget by adding revenues of $777 billion over the course of 10 years.
“This option would increase revenues by $777 billion from 2019 through 2028, according to an estimate by the staff of the Joint Committee on Taxation,” the Congressional Budget Office’s website says. “The tax on financial transactions would reduce taxable business and individual income.”
Why would anyone want $777 billion to be transferred from the private sector?
Laverne DeFazio had better economic sense and was more honest that Peter.
The Democrats are ONLY good at raising taxes, character assassinations, misrepresenting their intentions to get elected, show trials, hate, blaming others for their failures, pushing failed policies, and revenge politics.
It appears that the Democrats are bankrupt when it comes to alternate policies to secure our borders, deregulate, lower taxes, improve trade deals, improve foreign relations, export free enterprise, respect life from conception to natural death, make the world safer, and continue to make America greater.
Which country do Democrats represent, not the USA!
Timing couldn’t be worse with the stock market producing marginal gains after taking massive losses last quarter with the announced (and unnecessary) increase in interest rates.
This idea will be vastly popular with the great unwashed. Sooner or later it WILL happen.
You just can’t explain to the average disconnected bloke why this should be left alone while they have to pay sales tax at Walmart.
Sorry to burst your bubble, but N*O*T*H*I*N*G will happen to AOC in regards to this slush fund.
Oh I already know that..Ive known for the longest time that Democrats get away with EVERYTHING..if she were a Republican this would be a HUGE scandal, but since she’s a commie leftist not a peep
Thanks Freedom56v2. What's AOC's rent-free FR nick?
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