muzie_IHB
New member
"Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say "
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5UhcbI4jecU
Tax of 0.25% being proposed. Since a "trade" is round-trip I guess that means 0.5% per round-trip transaction.
"The same Wall Street speculators and investors who are principally responsible for having caused this avoidable financial crisis and profited from it must now be required to pay for it, not U.S. taxpayers"
Last time I checked when you "speculate" it's because you saved some money and you're trying to grow it. No savings, no speculation.
Is America the <strong>anti-saver nation </strong>or what? The various ways that savers get taken advantage of:
- Priced out from housing bubble
- Investment taxes
- General taxes from bailout plans
- Inflation kills your savings
- Low savings interest
Vs. the various way that those with no savings and lots of debt get helped:
- Attempts to reduce interest rates
- Workout plans for foreclosures
- Forgiving of debt
- Attempts to prop up house prices
- Inflation works in your favor
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5UhcbI4jecU
Tax of 0.25% being proposed. Since a "trade" is round-trip I guess that means 0.5% per round-trip transaction.
"The same Wall Street speculators and investors who are principally responsible for having caused this avoidable financial crisis and profited from it must now be required to pay for it, not U.S. taxpayers"
Last time I checked when you "speculate" it's because you saved some money and you're trying to grow it. No savings, no speculation.
Is America the <strong>anti-saver nation </strong>or what? The various ways that savers get taken advantage of:
- Priced out from housing bubble
- Investment taxes
- General taxes from bailout plans
- Inflation kills your savings
- Low savings interest
Vs. the various way that those with no savings and lots of debt get helped:
- Attempts to reduce interest rates
- Workout plans for foreclosures
- Forgiving of debt
- Attempts to prop up house prices
- Inflation works in your favor