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Murphy Envisions N.J. (Stock) Trade Tax Paying for Social Justice Agenda
Bloomberg | September 2, 2020 | Elise Young and Lananh Nguyen

Posted on 09/02/2020 12:45:34 PM PDT by karpov

No excerpt from Bloomberg allowed, story here.


TOPICS: Business/Economy; US: New Jersey
KEYWORDS: philmurphy; stocks; taxes
They want a 0.25 cent tax per trade and hope to raise $10 billion a year. The NYSE says they could move trades to a different state in one day.

"Social justice" crap is the opposite of justice.

1 posted on 09/02/2020 12:45:34 PM PDT by karpov
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To: karpov

There is no need for “social justice”

Everyone has equal rights. It’s up to each individual to make their way in the world.


2 posted on 09/02/2020 12:47:20 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
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To: karpov
Just put the NYSE servers on a big drone that flies out to international waters at the start of every business day.
3 posted on 09/02/2020 12:52:50 PM PDT by KarlInOhio (In 2016 Obama ended America's 220 year tradition of peaceful transfer of power after an election.)
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To: karpov

Governor Murphy is just another drunken Irishman who has burned out more than half his neurons and who believes just because he can plan something that no one else will plan fo what is in his or her best interests. I cannot believe the people of New Jersey elected this moron. Wait a second. Yes, I can believe the Rons of New Jersey elected him. The first two Rons and the the other Rons followed suit. The third and following Rons in Newarkspeak are Mo’ Rons.


4 posted on 09/02/2020 12:53:40 PM PDT by MIchaelTArchangel (I miss Don Imus!)
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To: karpov
A ... tax on stocks, options, futures and swaps trading via northern New Jersey electronic data centers. McKeon, in an interview Wednesday, said the state could collect $10 billion annually from entities engaged in at least 10,000 transactions per year.

I guess the fool doesn't realize that the the "northern New Jersey electronic data centers" could easily move to a more tax-friendly state and leave NJ holding the bag.

5 posted on 09/02/2020 12:58:00 PM PDT by libertylover (Election 2020: Make America Great Again or Burn it to the Ground. Choose one.)
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To: libertylover
10,000 transactions per year.

That's about 40 trades per day and on average it would be 20 buy and 20 sell transactions. That is going after small firms as well as large.

These damn Rats have no idea what they are doing, or maybe they do, and it's intentional to destroy capitalism. Government presenting any barrier to enter or leave a market stifles completion.

6 posted on 09/02/2020 1:18:42 PM PDT by ConservativeInPA ("War is peace. Freedom is slavery. Ignorance is strength." - George Orwell, 1984)
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To: karpov

The Laffer Effect will get ‘em. It might look good on paper for a while, though.


7 posted on 09/02/2020 1:24:15 PM PDT by The Antiyuppie (When small men cast long shadows, then it is very late in the day.)
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To: karpov

NYSE needs to move to a free state, instead of staying in slave states like NY, NJ, IL.


8 posted on 09/02/2020 1:44:26 PM PDT by rigelkentaurus
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To: karpov

“You should have seen the ‘Munk -
It played on the elephant’s trunk.
The elephant sneezed, and fell on its knees,
And what became of the ‘Munk, the ‘Munk, the ‘Munk...”

An adulterated excerpt from the jumping rope song, “Animal Fair,” with special consideration for Governor Phil Murphy.


9 posted on 09/02/2020 4:29:42 PM PDT by mywholebodyisaweapon (Thank God for President Trump.)
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To: karpov

murphy’s a moron: they’ll just pack up their servers and move ‘em to texas


10 posted on 09/02/2020 7:28:50 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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