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WCGreen

(45,558 posts)
Fri May 11, 2012, 04:52 AM May 2012

You know if Wall Street got back to matching investors with people who have ideas but little to

no capital instead of slicing and dicing the same asset over and over again making money on the margin, the economy would be a lot more solid.

Boring, but a lot less volatile.

The quickest and best way to get to this sane way for capital markets is to segment banking from investments and requiring all short term gains to be taxed at the same rate as all other forms of income such as wages, salary, rents, dividends and interest.

It's insane to reward churning sales by taxing the profits as a capital gain is insane.

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You know if Wall Street got back to matching investors with people who have ideas but little to (Original Post) WCGreen May 2012 OP
Ah, but you see..... bighughdiehl May 2012 #1
But...but... CaliforniaPeggy May 2012 #2

bighughdiehl

(390 posts)
1. Ah, but you see.....
Fri May 11, 2012, 04:56 AM
May 2012

being a "job creator" is such a high and holy calling that we must never
allow those with "ideas" to be among them. All hail the slicing and dicing of
Goldman Sachs and the banksters, yeahhh!

CaliforniaPeggy

(149,588 posts)
2. But...but...
Fri May 11, 2012, 12:10 PM
May 2012

That wouldn't enrich the almighty 1%...

Isn't that what this is really about?

And you know I'm joking!

Yours is a very good idea. How do we get Wall Street to implement it?

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