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Congratulations to our presumptive Democratic nominee, Joe Biden!
Democratic Primaries
In reply to the discussion: Bernie Sanders tells Sacramento rally he won't settle for defeating Donald Trump [View all]Autumn
(44,765 posts)6. No one has to divest their portfolio to take on Wall Street, everyone knows that.
Bernie Sanders has a way to raise $2 trillion -- tax Wall Street trading
https://www.cbsnews.com/news/bernie-sanders-taxing-wall-street-trades-will-raise-2-trillion/
. Sen. Bernie Sanders has introduced a bill that would tax trading of stocks, bonds and derivatives at rates ranging from 0.005% to 0.5%.
. A so-called financial transactions tax could raise between $776 billion and $2.4 trillion over 10 years, economists estimate.
. The U.S. hasn't taxed financial trades since the 1960s, although the 2008 financial crash brought the idea back in vogue.
Sen. Bernie Sanders has put "Medicare for All" and free public college at the center of his 2020 presidential campaign, and he knows just who should pay for the federal programs: Wall Street. The Vermont independent this week proposed a bill that would impose a small tax on trades of stocks, bonds and derivatives.
Under the measure, any stocks traded would be taxed at a rate of 0.5%, bonds at 0.1% and derivatives at 0.005%. So selling $1,000 of stock would incur a tax of $5. Such a tax could conservatively raise tens of billions of dollars per year, according to the Congressional Budget Office, which estimated the potential revenue at $776 billion over a decade. A 2017 study by the University of Massachusetts concluded a so-called financial transactions tax could yield a far bigger bounty -- $2.4 trillion over 10 years.
https://www.cbsnews.com/news/bernie-sanders-taxing-wall-street-trades-will-raise-2-trillion/
. Sen. Bernie Sanders has introduced a bill that would tax trading of stocks, bonds and derivatives at rates ranging from 0.005% to 0.5%.
. A so-called financial transactions tax could raise between $776 billion and $2.4 trillion over 10 years, economists estimate.
. The U.S. hasn't taxed financial trades since the 1960s, although the 2008 financial crash brought the idea back in vogue.
Sen. Bernie Sanders has put "Medicare for All" and free public college at the center of his 2020 presidential campaign, and he knows just who should pay for the federal programs: Wall Street. The Vermont independent this week proposed a bill that would impose a small tax on trades of stocks, bonds and derivatives.
Under the measure, any stocks traded would be taxed at a rate of 0.5%, bonds at 0.1% and derivatives at 0.005%. So selling $1,000 of stock would incur a tax of $5. Such a tax could conservatively raise tens of billions of dollars per year, according to the Congressional Budget Office, which estimated the potential revenue at $776 billion over a decade. A 2017 study by the University of Massachusetts concluded a so-called financial transactions tax could yield a far bigger bounty -- $2.4 trillion over 10 years.
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primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
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Bernie Sanders tells Sacramento rally he won't settle for defeating Donald Trump [View all]
Autumn
Aug 2019
OP
I'm glad Bernie pointed out that the whole point of the election is to defeat the other guy,
Autumn
Aug 2019
#3
No one has to divest their portfolio to take on Wall Street, everyone knows that.
Autumn
Aug 2019
#6
Tax Wall Street trading. Capital controls that would regulate the flows of financial assets
Autumn
Aug 2019
#7
Why do you think we have about 21 candidates running? They all want to defeat Trump,
Autumn
Aug 2019
#12
I get the feeling Bernie is more focused on forcing his issues on the Democratic Party..
honest.abe
Aug 2019
#14
I get the feeling that some are just focused on being tougher than Trump instead
Autumn
Aug 2019
#17
He doesn't own any stocks, but half of his reported net worth is invested in "Wall Street".
George II
Aug 2019
#22