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2016 Postmortem
In reply to the discussion: Demand a 1% WALL STREET SALES TAX [View all]Warpy
(111,255 posts)4. Fellow nurses have been coming out for this for many years.
I make my living from investment income but I'd welcome such a tax. I'd welcome it because it would take a lot of the profit out of HFT and that would have a chance to unskew the market, at least partially.
I'm for it because it's fair and wouldn't be a hardship on anyone but investment bankers engaging in HFT.
I'm for it because it rewards people who hold equities for a long time, rather than holding them for a nanosecond in the hope of driving the stock price up a quarter of a point. It encourages making money on the health of the economy, not as a gambling exercise.
I'm for it because it's overdue.
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Then you're going to have a lot of elderly people living below the poverty line.
Squinch
Jan 2013
#9
What does that have to do with further eroding the retirement funds of the elderly?
Squinch
Jan 2013
#12
So you are for a completely regressive sales tax? Why do you feel the need to subsidize the 1%?
Squinch
Jan 2013
#20
This tax would further erode the finances of the poor elderly unless 401ks and 403bs are exempted.
Squinch
Mar 2013
#30
Is it impulsive when 40 countries already have financial transaction taxes?
TexasBushwhacker
Mar 2013
#34
Stocks, bonds, and derivatives: ALL TRANSACTIONS with a million dollar exemption per household
Vic Vinegar
Jul 2013
#35