Why a Financial Transaction Tax?
Sarah Anderson: 0.25% tax on financial transactions could raise 0 billion a year in the US alone
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Comments (22)
Silly idea. To tax the rich, just tax the rich!
In my opinion if this tax is that low compared to how it would affect the productivity of a country it is solely due to the opposition from the so powerful parasites that benefit from this without producing anything…
Any real producer would also be affected of course but it would mostly be rewarded by the stable and growing economy’s benefits…
So yes, to me there is no other reason to tax so low than the fact that we let the powerful enforce that on us.
@StraussBR “Financialized economies” NEED to collapse. They are a primary part of the world’s problems.
Congressman Goldman Sachs needs to be run through a guillotine.
@bamboo4tameshigiri
i wish it was that simple
@WhatsReallyGoingOnUS You might as well be a Lee Dorian clone (how the world works). You sound no smarter than he is. Another libertarian hack.
We are fucked either way. Government would waste money anyway.
@sinekonata The tax is low. For now.
@slobomotion Yeah, well people in the U.S. are retarded…
@sk8tafrnk Of course spending and borrowing have to be reduced and then taxes have to be raised, and if you crush the middle class no one is going to benefit. I’m American and often get very bugged by the French (and Europeans) but they seem often way more mature than Americans. People tend to be really calm over here, too. I dunno what all these stories are about panic over here but I just don’t see that.
@slobomotion Glad at least France can stand up as civilization. USA is feudal barbarianism; kill or be killed (using economics and war machine)!
@slobomotion Because you are all brainwashed to think it’s ok for the members of government to steal from you. Feudalism….
@hunden8404 My husband’s family were low-level nobles but back in the late 15th century said screw it. They were tired of paying fealty and being marched off to war. They carried on in Brittany, France as mere farmers and have been ever since. There are two other families in that region who did the same thing. They just said screw it and paid a fee to get out of that mess. Good for them. They just wanted to till the land and not be pawns.
@bhikshuni I know, I am from Ohio, the Rust Belt. That was hell.
@slobomotion That’s something to be proud of!! I wish we could opt out now! Worldwide everyone is being taken advantage of by a bunch of thieves….
@hunden8404 Yes, when I mention to them that they are aristocrats they are not happy with me. I think it is laudable they just opted to become ordinary farmers — peasants. I am a vizier princess and they have no idea what to make of that.
@slobomotion France should lead the world. I hate anglo-saxon’s dominant ideology such as tricle down theory and saying that taxing rich is somehow government takeover.
@Waterfall714 Well, France has been a real eye-opener for me. I used to have a really Anglo-Saxon point of view which was very narrow, I now realize. In the USA in the past, the rich felt happy to pay up to 90% in taxes. My first husband, Mr. KMart, was proud to be in the 50% tax bracket and was upset when Reagan got elected. They still got plenty rich and kept most of it even with high taxation. Americans forget this!
if Government don’t tax Corporations, Corporations will buy and own the Government.
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Libertarian small govt is a fallacies
Why not we have 40K new laws.. Rediculous!!
@62sugarbear Yes I was hoping that maybe another reason would be to set a precedent before gradually getting serious. I really think it’s gonna be a bloody battle though…
0.25% seems excessive. That’s almost double the total brokerage fees and commissions I pay (0.1359%) as a small ($10,000 total stocks) investor. It’s likely ten times more than what “real” investors pay. Something around 0.01% would be more reasonable.