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Egalitarian Thug

(12,448 posts)

17. Yes, non-productive. Like the barter economy that is used as justification for a number

Reply to badtoworse (Reply #13)

Sat May 18, 2013, 12:19 PM

May 2013

economics traditions, that is a myth. I'm a bit surprised to hear you repeating a talking point right out of the Grover Norquist/Lyndon LaRouche playbook. If you want to get into the nitty-gritty, every dollar, shekel, pound, and mark is taxed over and over again as its circulation maps the economy, that's the way it is and it allows economies to exist.

The statement you wrote also carries with it the implication that w/o Wall Street there would be no investment. That's another myth. There are numerous motives and ways to accomplish greater projects w/o resorting to the theft of value from those creating that value.

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Highlight:

Dean Baker: Cutting Social Security and Not Taxing Wall Street [View all] eridani May 2013 OP

kr HiPointDem May 2013 #1

Maybe instead of taxing Wall Street Turbineguy May 2013 #2

Once Wall Street has devoured the middle class and poor, they will be in their own economy liberal N proud May 2013 #3

Du rec. Nt xchrom May 2013 #4

not good enough MrYikes May 2013 #5

Why do you assume it would only impact Wall Street? badtoworse May 2013 #6

Unless you are a computer, why would you care? eridani May 2013 #7

I'm a mutual fund investor and the tax would be added onto the fees I pay the fund manager badtoworse May 2013 #8

Ordinary investors won't be paying much. Ordinary people own very little of the stock market eridani May 2013 #9

You haven't broken it out badtoworse May 2013 #10

If the increase were significant, you would need to find a better manager. Egalitarian Thug May 2013 #12

Non-productive? Without investors, we wouldn't have an economy... badtoworse May 2013 #13

Yes, non-productive. Like the barter economy that is used as justification for a number Egalitarian Thug May 2013 #17

Here is the problem mick063 May 2013 #11

My wife and I have had IRA's and 401k's for 30 years badtoworse May 2013 #14

When corporatists own the government mick063 May 2013 #18

You'd be smarter to worry about the banksters grabbing your money eridani May 2013 #19

I'm really confused here. What you wrote is the essence of "I've got mine, fuck you". Egalitarian Thug May 2013 #20

I believe in equal opportunity, not equal outcome badtoworse May 2013 #21

Sales tax Fumesucker May 2013 #15

Agree. Some states even tax the sale of food and/or medicine. byeya May 2013 #16