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In reply to the discussion: 5 Reasons It's Just Absurd That America Doesn't Tax Wall St's Transactions [View all]Egalitarian Thug
(12,448 posts)37. I couldn't have demonstrated the point any more clearly if I were Samuel Clemens.
Not to attack you in any way, but every word that you wrote demonstrates just how badly this kind of change is needed. The very concept of investing in a company has become an alien concept to the tiny minority that lives for Wall Street (or any of the markets).
Holding for a year is a long time to a gambler, it's a second date to an investor, and that there are so few left that understand that is indicative of how and why our economy is so badly screwed. The casino mentality has completely overtaken The Street and every American still able or willing to play the work-till-you're-almost-dead-then play-golf-until-you-are game is essentially forced to risk their future in a game of Roulette.
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5 Reasons It's Just Absurd That America Doesn't Tax Wall St's Transactions [View all]
Junkdrawer
Jul 2013
OP
I don't own any spammers. Further, you don't know which side I'm on.
Bernardo de La Paz
Jul 2013
#28
Ok, enough hijacking. Message me who my "confederates" are. I don't have any "confederates".
Bernardo de La Paz
Jul 2013
#31
I think the tax could be tailored to go for HFT and large volume traders....
Junkdrawer
Jul 2013
#13
If I'm taxed for school clothes, why shouldn't I be taked for a stock purchase?
michigandem58
Jul 2013
#6
School clothes are sold only once. Stocks are sold & resold many times. Taxing reduces liquidity.
Bernardo de La Paz
Jul 2013
#7
The figure of "A Quadrillion Dollars" is not wealth, it is volume. Yes, you're confused.
Bernardo de La Paz
Jul 2013
#12
They can be, but aren't (be real). When they are (once) it's a private non-taxed transaction.
Bernardo de La Paz
Jul 2013
#23
Because the casino system has replaced investment. Taxing all transactions would push people
Egalitarian Thug
Jul 2013
#20
I couldn't have demonstrated the point any more clearly if I were Samuel Clemens.
Egalitarian Thug
Jul 2013
#37