2016 Postmortem
In reply to the discussion: Demand a 1% WALL STREET SALES TAX [View all]Vic Vinegar
(80 posts)Yeh but you can't make your solution into a basic propaganda point; you can't turn THAT (time-based taxation on flash trading) into a mass traction demand. We are looking for a policy, the Wall Street Sales tax that the impoverished masses and middle class can agree on.
The details of the tax will have to be decided by policy officials anyway; which we are not.
And about the shares: there is a MILLION dollar allowance (adjustable for inflation) per person per household from the tax. That means that you would not be taxed if you owned 1116 shares of Apple.
On the 1%, we have to expect that congress is going to undercut the 1% to .5% and then to .25% and so on and so forth; that is why you have to start high otherwise you end up like Obama who compromises his own position before anyone even asks him to.