General Discussion

zazen

(2,978 posts)

265. if this tax occurred within a Scandinavian safety net w/o decimated middle class, yes

Reply to Joe the Revelator (Original post)

Wed May 20, 2015, 06:29 AM

May 2015

First, I can't believe how everyone's piling on the OP. He has a point, and this is the first time I've seen Sanders supporters (of whom I count myself) act as irrationally en masse as some in the HRC crowd. Talk about having my bubble burst.

Second, I think there's a big difference between a Robin Hood tax in a vacuum (or Scandinavia) and one being applied to all investments without acknowledgement that we have a shitty safety net and that everyone but the 1 percent is holding on by bloody fingernails to any kind of security.

New taxes over the next 10 years need to claw back the disproportionate gains of the .01% and be applied according to that ratio, and not punish those in the lower quintiles trying to establish any kind of security.

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Bernie lost me with the Robin Hood Tax [View all] Joe the Revelator May 2015 OP

I thought I heard him say safeinOhio May 2015 #1

High volume trading would include.... Joe the Revelator May 2015 #2

The top .01% AgingAmerican May 2015 #108

Then why doesn't he offer the offset? Joe the Revelator May 2015 #133

I am in the same boat you are AgingAmerican May 2015 #150

Not much is about me. I lost my healthcare benifits already, and did it with a smile... Joe the Revelator May 2015 #177

oh now wait a minute, are you blaming the ACA for that? CreekDog May 2015 #202

I blame my company for that, but you could see it coming a mile away. I could added my voice Joe the Revelator May 2015 #204

Wait, how did the Affordable Care Act cause your company to drop its insurance? CreekDog May 2015 #221

Yeah, it's becoming kinda clear now AgingAmerican May 2015 #223

What is becoming clear? Joe the Revelator May 2015 #226

Your agenda AgingAmerican May 2015 #251

This is what gives me a headache with DU...anyone who doesn't tow a candidates line and points out Joe the Revelator May 2015 #252

Bullshit! TM99 May 2015 #254

What final details???? Until you accept that this is a NEW bill, that does not offer a carve out, Joe the Revelator May 2015 #255

Wait ... what? ... 1StrongBlackMan May 2015 #290

I see what you did there! TM99 May 2015 #292

It has to do with right wing economic policies AgingAmerican May 2015 #260

It's regardless. Elmer S. E. Dump May 2015 #349

Good catch... AgingAmerican May 2015 #350

That was the nicest response to a grammar policeman I've ever seen! Good job! Elmer S. E. Dump May 2015 #352

That you possibly got your last name wrong? cui bono May 2015 #388

Who's thin ice am I on? Joe the Revelator May 2015 #225

many companies dropped their insurance before the ACA was ever passed CreekDog May 2015 #228

No, in fact, if you READ what i posted above, before just jumping in, I clearly blamed my company Joe the Revelator May 2015 #232

No, the rate of increases slowed because of ACA CreekDog May 2015 #259

I call bullshit. delrem May 2015 #262

Actually, in some cases the premiums might be unaffordable to some. That is why the still_one May 2015 #304

And that explains why he "lost his healthcare benefits" because of the ACA? delrem May 2015 #341

It is puzzling, since I saw another thread which indicated this only affects hedge funds and still_one May 2015 #347

Yup yup, me too. Hillary lost me at "hello". InAbLuEsTaTe May 2015 #297

I would not worry to much about it yeoman6987 May 2015 #161

The point is, I got on board thinking that he would be protecting the middle class... Joe the Revelator May 2015 #179

BullshiT AgingAmerican May 2015 #263

Would this tax affect the middle class? Joe the Revelator May 2015 #303

Yes, positively AgingAmerican May 2015 #309

You didn't answer the question Joe the Revelator May 2015 #312

This would be a progressive tax passiveporcupine May 2015 #351

It would have a positive effect on taxpayers AgingAmerican May 2015 #390

Yes and... Chan790 May 2015 #335

I smell another 'Bernie supporter' if you know what I mean... cui bono May 2015 #389

That is because AgingAmerican May 2015 #391

0.5%- Usuary! Gregorian May 2015 #3

For accounts that are suppose to be tax free? Joe the Revelator May 2015 #6

Your 401K is not "tax free"...it is tax deferred Human101948 May 2015 #279

It's pennies on the thousands of dollars. InAbLuEsTaTe May 2015 #296

You "lose" much more money in your 401K to the games the big financial corps play newthinking Oct 2015 #393

For your information: Bonobo May 2015 #4

We can quibble on what amount of tax is too much... Joe the Revelator May 2015 #11

So a small attempt to correct gross economic injustice is a non-starter? Bonobo May 2015 #17

+1 daleanime May 2015 #32

As i said, he did have me, but again, I may not have understood him as well as I thought he did. Joe the Revelator May 2015 #40

Do you still believe that your 401K would be taxed? nt Bonobo May 2015 #45

Yes, according to the bill, it will be Joe the Revelator May 2015 #73

Your 401K is a money market then, I suppose. Bonobo May 2015 #78

Unless a retirement fund is a pile of money under a mattress, it will get taxed geek tragedy May 2015 #196

Including long-term savings accounts and bonds? nt Bonobo May 2015 #198

Savings account is effectively money under the mattress. geek tragedy May 2015 #199

Oh so you didn't actually mean what you said. Bonobo May 2015 #201

lol AgingAmerican May 2015 #264

Exempt retirement funds and health savings accounts and this is a good bill. nt geek tragedy May 2015 #287

I agree. And, 529 College Savings accounts, of course. n/t leveymg May 2015 #301

Wrong. A HERETIC I AM May 2015 #356

So, what do you pay in management fees, expenses or (God forbid) loads? hatrack May 2015 #84

I pay .3 percent. The average is probably 1.0. Joe the Revelator May 2015 #102

yeah, this complain is a non-starter. nashville_brook May 2015 #101

Why would anyone ever trade a stock Nye Bevan May 2015 #16

Because unlike a stock, derivatives have no intrinsic value... Human101948 May 2015 #281

Good I say PowerToThePeople May 2015 #343

That's my understanding deutsey May 2015 #71

I think the .005% on derivatives is weirdly low, too. Warren DeMontague May 2015 #269

I would make it a 5.0% fee on derivatives NT 1939 May 2015 #284

"Sanders' bill sets a 50-cent tax on every $100 of stock trades on stock sales" NYC_SKP May 2015 #5

That means that everytime a 401k or a 529 or an eft account was rebalanced you lose 50 cents on Joe the Revelator May 2015 #8

You'll get it all back and more safeinOhio May 2015 #13

Some of us aren't going to have kids. Agschmid May 2015 #18

What if your kids don't want to go to college? (nt) Nye Bevan May 2015 #19

You'll get a return investment on your neighbor's kid'a education. morningfog May 2015 #42

You'll get new tech, advances in living longer, living better, etc, from the kids who go to school. Erich Bloodaxe BSN May 2015 #283

What about those without kids under 22? nt geek tragedy May 2015 #36

You get an educated population more concerned with Ilsa May 2015 #67

I oppose taking money away from janitors' retirement accounts and giving it geek tragedy May 2015 #146

Nice that you still believe F4lconF16 May 2015 #208

They have city pensions. which would be affected as well. Joe the Revelator May 2015 #233

So throw the baby out with the bath water. Ilsa May 2015 #272

Change it and then I'd support the bill. geek tragedy May 2015 #286

It's not trickle-down when we have downturns like 2008. Ilsa May 2015 #316

There's a tax credit for an individual with a modified adjusted gross income under $50k muriel_volestrangler May 2015 #345

thanks for posting this n/t passiveporcupine May 2015 #353

that exempts lower income retirees from paying the tax if they directly sell stocks in their geek tragedy May 2015 #384

It's a small tax for an ongoing fund muriel_volestrangler May 2015 #386

Except that all/most proceeds to retirees geek tragedy May 2015 #387

It's only paid once per transaction, by the broker muriel_volestrangler May 2015 #392

...cause janitors are the 1%. L0oniX May 2015 #383

You get an educated society who have the good sense to vote valerief May 2015 #70

I believe that you're mistaken. NYC_SKP May 2015 #222

Whats the source on that? I believe that is talking about the Haskin FTT bill.... Joe the Revelator May 2015 #224

http://www.sanders.senate.gov NYC_SKP May 2015 #231

Right. The offset here is the cost of the college tuition. There is no offset for retirement funds, Joe the Revelator May 2015 #234

That is absolutely outrageous from Sanders LittleBlue May 2015 #82

+1 Joe the Revelator May 2015 #104

Hey... padfun May 2015 #138

Not when you lose. Never heard of these tournament rules or anyone who did a slot tournament LittleBlue May 2015 #156

Then she better quit gambling. Because the house is adding a cost to buy in to each hand. Erich Bloodaxe BSN May 2015 #282

She needs to stop day-trading. Chan790 May 2015 #336

What you're looking for is a capital gains tax... Joe the Revelator May 2015 #167

Wait a minute. kenfrequed May 2015 #205

Funds that trade in EFT need to be rebalanced quite often, which requires a trade. Joe the Revelator May 2015 #235

it is a tax on trades kenfrequed May 2015 #291

Additionally, kenfrequed May 2015 #299

Then why not an income threshold? Middle class people aren't institutions or other market-makers LittleBlue May 2015 #257

Regressive? kenfrequed May 2015 #293

Even writing covered calls could be considered day trading to supplement income still_one May 2015 #305

Your friend generates 42 million in trades a year? dannward May 2015 #313

I'm not opposed to the tax for education. It's been proposed before. Hoyt May 2015 #7

I am not opposed to a tax either, just who the tax is going to affect. Joe the Revelator May 2015 #9

It's a small amount. Truthfully, if you have kids who might go to college you'll come out ahead. Hoyt May 2015 #22

minimum income seems reasonable questionseverything May 2015 #134

If a Third Way Dem gets into office and you end up making less DJ13 May 2015 #10

Other things can be taxed....mainly capital gains. Joe the Revelator May 2015 #14

Let me guess - you don';t have any capital gains to be taxed? Scootaloo May 2015 #76

No, who feels a % tax more? Joe the Revelator May 2015 #86

I see no reason to not tax both. Scootaloo May 2015 #140

If having 3 dollars taken out of a tax deferred retirement account.... Joe the Revelator May 2015 #172

Read this... Agschmid May 2015 #12

Whoa, hold on there buddy! TM99 May 2015 #15

Thats true for the Wall Street Trading and Speculators Tax Act but.. Joe the Revelator May 2015 #27

No. TM99 May 2015 #39

From the bill....it includes no off set Joe the Revelator May 2015 #52

I just covered this in another post. TM99 May 2015 #57

Which post 58 refuted. Joe the Revelator May 2015 #69

And post 68 by me TM99 May 2015 #74

woohooo questionseverything May 2015 #145

See post 132. Joe the Revelator May 2015 #171

How would this not apply to purchases and sales of stock by public employee pension funds? nt geek tragedy May 2015 #29

Some information on this -- TM99 May 2015 #43

This doesn't have the 401k carve-out that DeFazio/Harkin had. geek tragedy May 2015 #49

Yes, all variations of the Robin Hood Tax TM99 May 2015 #54

Yes: the actual text of the bill. geek tragedy May 2015 #58

Now read the rest of the bill. TM99 May 2015 #68

What section exempts ERISA funds? geek tragedy May 2015 #77

What are you talking about? TM99 May 2015 #96

Yes, I know ERISA is a law. geek tragedy May 2015 #116

I already linked to the exemptions. TM99 May 2015 #119

No, you linked to websites. You haven't identified the language in the legislation that exempts geek tragedy May 2015 #126

Read the previous bills. TM99 May 2015 #129

I read the new bill. Obviously you haven't. nt geek tragedy May 2015 #131

This. Is. A. New. Bill. Joe the Revelator May 2015 #132

They've been on board so long as it doesn't apply to worker pensions and retirement geek tragedy May 2015 #55

You're making this argument much more eloquently than i am Joe the Revelator May 2015 #87

But not purchases or sales of Mutual Funds. A HERETIC I AM May 2015 #357

But mutual funds do purchase and sell securities. geek tragedy May 2015 #359

Yes they do, but as a holder of MF shares, YOU DO NOT. A HERETIC I AM May 2015 #363

the bill would have to be amended. geek tragedy May 2015 #366

Congratulations on being part of the 1%!!! bunnies May 2015 #20

This would be a tax on every public employee retirement fund. geek tragedy May 2015 #23

retired workers would not KT2000 May 2015 #35

This would tax every share of stock purchased or sold by an employee retirement fund geek tragedy May 2015 #44

Wall St is a gamble. bunnies May 2015 #46

Huh? nt Joe the Revelator May 2015 #30

Click on the link. Its not hard. nt bunnies May 2015 #31

It is since it makes no sense Joe the Revelator May 2015 #75

Please provide a link to the basis of your argument. bunnies May 2015 #89

This is a conversation starter--it would never become law--unions would kill it geek tragedy May 2015 #21

The unions would kill it? You may be mistaking who runs Washington. Cheese Sandwich May 2015 #187

We'll see how CalPERS and NYCTRS react. geek tragedy May 2015 #191

The money raised by the new tax would be more than the cost of college tuitition. Cheese Sandwich May 2015 #213

Capital gains?? But I'm middle class, too! kcr May 2015 #24

Is the jibe here that I'm not part of the middle class because I have a small 401k and my kid has.. Joe the Revelator May 2015 #34

No... kcr May 2015 #38

Does this tax affect the retirement accounts of the middle class? Joe the Revelator May 2015 #120

For one thing, yes, I'm pretty sure you have your facts wrong. kcr May 2015 #178

You realize that Bernie Sanders himself refers to it as 'The Robin Hood Tax' right? Joe the Revelator May 2015 #180

Wow. Is Bernie trashing himself and claiming it will punish the middle class? kcr May 2015 #181

No, the bill does that for him. Joe the Revelator May 2015 #183

According to you n/t kcr May 2015 #185

According to anyone who thinks taxing the middle classes retirement funds is a dumb idea.... Joe the Revelator May 2015 #186

If a politician had to worry about every half baked ridiculous opinion kcr May 2015 #189

I don't know if that's true. Joe the Revelator May 2015 #190

Aw. He lost your support. kcr May 2015 #194

You do understand that this is not how you win elections....lose the middle class and who is going Joe the Revelator May 2015 #215

Take such advice from an ex loyal Bernie supporter such as yourself? kcr May 2015 #220

I'm breaking ranks and you don't like it. Nothing off with that... Joe the Revelator May 2015 #229

No, you don't have to explain an opinion, but when you do and your facts don't add up kcr May 2015 #238

Here's the problem. My facts DO add up. Read the damn bill. Joe the Revelator May 2015 #242

I read the damn bill kcr May 2015 #247

THAT wasn't your argument. Your argument was that my fact RE: 401k's being taxed was wrong. It's not Joe the Revelator May 2015 #249

You're wrong. A HERETIC I AM May 2015 #355

Where did you hear that a 401K would be taxed, Joe? nt Bonobo May 2015 #41

From the bill. It includes no offset for 401ks, public pensions or 529s Joe the Revelator May 2015 #72

Go for a stable value fund or have your money in a savings account then. nt Bonobo May 2015 #83

Or, don't be a guy who taxes retirement funds. Joe the Revelator May 2015 #88

Your retirement funds are already taxed. nt Bonobo May 2015 #92

With a deferred tax, I could rephrase and say.... Joe the Revelator May 2015 #94

Why not? The money that comes from your investment involves no effort. Bonobo May 2015 #103

The same reason I wouldn't support any other tax that goes after the middle class. Joe the Revelator May 2015 #109

Yup, you are making it clear that your needs are more important than others, I guess. Bonobo May 2015 #121

Brother, I'm helping out. Joe the Revelator May 2015 #137

You acknowledge that tax rates change frequently through history, right? Bonobo May 2015 #141

Sure. So are we now saying that as a democrat, I am suppose to support tax increases.... Joe the Revelator May 2015 #154

Not at all. Bonobo May 2015 #160

'The truth is that money accrued from investments should be taxed at a higher rate than they current Joe the Revelator May 2015 #165

Read the exemptions. TM99 May 2015 #128

What language covers them? Joe the Revelator May 2015 #136

Have not read details, elleng May 2015 #25

They are...it would be small, but still, there are better ways to go about this. Joe the Revelator May 2015 #37

Robin Hood Taxed The RICH... To Give To the Poor... You Telling Me You're RICH ??? WillyT May 2015 #26

No, I'm telling you this is a bad move on Sanders part. Joe the Revelator May 2015 #61

How ??? WillyT May 2015 #65

Because instead of going after the so called 'fat cats', he's going against anyone who is in the Joe the Revelator May 2015 #79

Link ??? WillyT May 2015 #85

Read the bill? Joe the Revelator May 2015 #93

I'd LOVE To See It... Link ??? WillyT May 2015 #98

Link to the full text of the bill Joe the Revelator May 2015 #110

The link is up thread. TM99 May 2015 #117

Not everyone who disagrees with you is a shill...point out where there is a retirement fund offset Joe the Revelator May 2015 #118

For fuck's sake. TM99 May 2015 #123

You have discussed, at great length, the orginal FTT. Joe the Revelator May 2015 #130

You wont get a link and I wont either. bunnies May 2015 #100

Who are "they"? Stop seeing boogymen in the shadows. Look at my damn post history... Joe the Revelator May 2015 #114

Also here is the link to the full text of the bill Joe the Revelator May 2015 #115

He knows it won't pass MaggieD May 2015 #91

It Once Was... The Only Way The Rich Could Shelter Their Asserts Was By Tax Shelters... WillyT May 2015 #124

The truly rich won't pay taxes MaggieD May 2015 #135

This. Joe the Revelator May 2015 #139

Theodore Roosevelt, Franklin Delanor Roosevelt... Are You Kiddding Me ??? WillyT May 2015 #144

Off topic...that shrugging smilie is evilly passive aggressive. Joe the Revelator May 2015 #163

"Taxes" has become such a dirty word since that fucker Reagan deutsey May 2015 #64

Thats for sure lancer78 May 2015 #113

Lol, something tells me you have more money than you're letting on. Nt Logical May 2015 #28

Or, more likely, as Steinbeck put it, he's one of the "temporarily embarrassed millionaires" Electric Monk May 2015 #50

Completely off topic, but that is a great line Joe the Revelator May 2015 #81

I wish. Joe the Revelator May 2015 #63

robin hood tax? niyad May 2015 #33

401k's are designed to maximise profits for the traders, not provide security. Half-Century Man May 2015 #47

If true, why get boned more? Boning the already boned isn't very fair to begin with. nt Joe the Revelator May 2015 #53

You have a very interesting standard for "getting boned." Scootaloo May 2015 #147

Read the post I was replying to for context. Joe the Revelator May 2015 #158

My 401k is up over 15% in the last 12 months Travis_0004 May 2015 #379

�Pobrecito! LeftyMom May 2015 #48

Everybody has the option to invest. Its not a magical unicorn... Joe the Revelator May 2015 #59

The poor don't have anything to spare. That's what "poor" means, genius. LeftyMom May 2015 #62

I don't think that word means what you think it does. Joe the Revelator May 2015 #66

Don't take it to hard, it's becoming painfully clear giftedgirl77 May 2015 #142

Thank you. :) Joe the Revelator May 2015 #162

Robin Hood tax? Frank Luntz would love that word n/t AZ Progressive May 2015 #51

Sanders has embraced it Joe the Revelator May 2015 #60

You don't understand abelenkpe May 2015 #56

Same here on the panderish move MaggieD May 2015 #80

Yeah, stop "pandering" to the 99%!!! Bonobo May 2015 #90

So all of us with a 401k or college fund.... MaggieD May 2015 #95

This DOES NOT impact your 401k or college fund. TM99 May 2015 #105

I do not see the exemption for retirement funds that you keep alluding to. Joe the Revelator May 2015 #122

I didn't say that. Bonobo May 2015 #107

The robin hood tax would benefit someone with absolutely no savings, but it would most certainly... Joe the Revelator May 2015 #125

So I can earn 1% in my savings account Travis_0004 May 2015 #337

The idea that a tax on ANYONE who has ANY money in the stock market constitutes the 1%... Joe the Revelator May 2015 #97

Your sentence makes no sense. Bonobo May 2015 #111

Sorry, I'm trying to respond to everyone Joe the Revelator May 2015 #143

I know what you meant I guess and my honest answer should be Bonobo May 2015 #151

There are other routes to take. Joe the Revelator May 2015 #157

Everyone with a 401k or college fund.... MaggieD May 2015 #99

Nice, but I didn't say that. nt Bonobo May 2015 #112

But you certainly implied it... Joe the Revelator May 2015 #148

Please see my new above comment. nt Bonobo May 2015 #153

Bernie never "had' you though. What are you even talking about? Scootaloo May 2015 #152

What are you talking about? Joe the Revelator May 2015 #168

+1, it would've been better to put the tax on cap gains vs trades because of the number of trades... uponit7771 May 2015 #192

This would destroy many businesses LittleBlue May 2015 #106

'businesses' that depend on trading with fine margins are useless muriel_volestrangler May 2015 #270

That's actually the point. 'Volume trading' is just a way to screw the little people Erich Bloodaxe BSN May 2015 #285

If you make the amount of money this tax would affect, onecaliberal May 2015 #127

It affects every trade and affects retirement accounts. Joe the Revelator May 2015 #149

No it doesn't. There are links here that explain. onecaliberal May 2015 #164

It does not my friend. By all means though, if your reading comprehension is better than mine.. Joe the Revelator May 2015 #166

I was not aware that was in the proposal bluestateguy May 2015 #155

The original FTT has exceptions (by way of tax off sets) for 529s, 401ks, public pensions Joe the Revelator May 2015 #169

Any per transaction tax is likely to be quite tiny Warpy May 2015 #159

It will most certainly affect the middle class and anyone else who has a retirement fund that is on Joe the Revelator May 2015 #170

Pension funds engage in high volume trading. geek tragedy May 2015 #174

Do you mean HFT? ozone_man May 2015 #175

Yeah, it's late and I had a hard day Warpy May 2015 #236

If you are wealthy enough to be impacted by this tax, you can afford it. Maedhros May 2015 #173

This purity test bullshit is so stupid. If wanting to protect every dollar of a retirment account... Joe the Revelator May 2015 #176

As someone who has semi-significant money in investments SheilaT May 2015 #182

I respect your stance, I just don't agree with it. I am for no new taxes on the middle class Joe the Revelator May 2015 #184

"Read my lips. No new taxes!" Bonobo May 2015 #193

The amount is genuinely trivial. SheilaT May 2015 #245

Again, I disagree Joe the Revelator May 2015 #248

Hold your stocks an average of 5 years, and you'll be paying 0.1% of the 401k value a year muriel_volestrangler May 2015 #271

Not if you're in some EFT's with good decay uponit7771 May 2015 #188

(sniff) Ah, the rank odor of personal greed.... mike_c May 2015 #195

And it sad to see some still buying it and pitifully clinging to the scraps. kcr May 2015 #197

And this is why he is pandering, a very unattractive look on him... Joe the Revelator May 2015 #206

It is you who wishes to be pandered to. kcr May 2015 #209

You going to pay for his retirement? BainsBane May 2015 #211

You seem to have trouble reading what people post. kcr May 2015 #212

You go right on insulting everyone who has to worry about how to put food on the table BainsBane May 2015 #218

Or I can keep doing what I'm actually doing. Dismiss bullshit. kcr May 2015 #219

You keep doing what you're doing which is jumping on a high horse and putting your hands... Joe the Revelator May 2015 #237

Yeah. So, money from investments shouldn't be taxed to fund education. kcr May 2015 #241

Money from retirement accounts should not be taxed per trade. Joe the Revelator May 2015 #243

I knew what i was in for with a 401k when i started paying in for it. Joe the Revelator May 2015 #214

It is every bit part of the deal. How is funding college not part of the deal? kcr May 2015 #217

There IS a tax on 401ks. You can join the circle jerk about a 2 year old bill that has NOTHING to do Joe the Revelator May 2015 #227

Further upthread you were advocating taxing capital gains instead kcr May 2015 #230

Because capital gains are already taxed on 401k.Plus, any sane politician would make a minimum Joe the Revelator May 2015 #240

There are "sane" politicians. You can vote for them if you want. kcr May 2015 #244

No, the other problem I have is that there are NO inspiring candidates this time around. Joe the Revelator May 2015 #246

Sanders isn't going to be the candidate in the general. kcr May 2015 #250

The people who are trying to raise families, and make it through until retirement should not be give Joe the Revelator May 2015 #253

You got it nadinbrzezinski May 2015 #200

That's a rather despicable accusation to make against every American with a retirement geek tragedy May 2015 #203

I've said it before and I'll say it again BainsBane May 2015 #210

no, it's a reasonable observation about every American who doesn't want to help... mike_c May 2015 #307

I don't have a retirement account. But I don't want those accounts taxed geek tragedy May 2015 #308

the middle class and retirees are not going to "carry the burden...." mike_c May 2015 #310

And what are people whose employers don't offer geek tragedy May 2015 #311

There is a lot of economic self interest involved in discussions of politics BainsBane May 2015 #207

Boo hoo! And you, of all people, one of Bernie's most loyal supporters! RufusTFirefly May 2015 #216

Circle the wagons man. You're right, I'm but one man, and I have but one vote. Joe the Revelator May 2015 #239

Methinks he was part of the Billionaires for Bernie faction here at DU - nt KingCharlemagne May 2015 #280

You've said aspirant May 2015 #256

"if Bernie was truly in your heart" okasha May 2015 #338

"If Bernie was truly in your heart" hrmjustin May 2015 #342

Bullshit madokie May 2015 #258

I find it hard to believe that you were ever a Bernie Sanders supporter. delrem May 2015 #261

if this tax occurred within a Scandinavian safety net w/o decimated middle class, yes zazen May 2015 #265

Consider My Good Babushka May 2015 #266

Astroturf Outrage Katashi_itto May 2015 #267

Really? Bobbie Jo May 2015 #275

I notice it seems to draw support from supporters of a specific different candidate. Erich Bloodaxe BSN May 2015 #288

You know who else proposed a 0.5% transaction tax on shares? Larry Summers muriel_volestrangler May 2015 #268

I agree with you... Sancho May 2015 #273

Have to admit, this is right up there.... daleanime May 2015 #274

Wow, long thread OKNancy May 2015 #276

+1 Buzz Clik May 2015 #277

WTF are you talking about? This OP smells like total bullshit. - nt KingCharlemagne May 2015 #278

If after taking the time to read through a 200+ post thread, in which I responded to everyone Joe the Revelator May 2015 #302

I've got this bridge in the middle of West Texas ... TBF May 2015 #289

Can't make everyone happy n2doc May 2015 #294

No new taxes on the middle class Joe the Revelator May 2015 #320

On what planet is this a "tax on the middle class". DanTex May 2015 #322

It's completely regressive, like any flat tax would be. nt Joe the Revelator May 2015 #329

Huh? No it's not. It hits wealthier people much more than middle-class people. DanTex May 2015 #334

Simple enough even for a Bush to articulate! n/t n2doc May 2015 #323

So, if it turns out this doesn't apply to retirement accounts ... dawg May 2015 #295

What's a retirement fund? panader0 May 2015 #298

Mama Mia! n/t QC May 2015 #300

I also do not agree with Bernir on his proposal that drug patient laws should be still_one May 2015 #306

Look closer. kentuck May 2015 #314

This could help your 401K. drm604 May 2015 #315

Investment is not speculating. Stop trying to keep the casino rolling. TheKentuckian May 2015 #317

A financial transaction tax won't noticeably affect your 401k. DanTex May 2015 #318

401k's and the like need to be rebalanced regularly Joe the Revelator May 2015 #319

Rebalancing only involves trading a tiny fraction of the assets. DanTex May 2015 #321

It could cost me 5 nickels, i still think a new tax that affects retirement accounts of the... Joe the Revelator May 2015 #325

If it costs you 5 nickels, then it won't make the slightest difference to you. DanTex May 2015 #327

Yes. I am. That is where I draw the line. Joe the Revelator May 2015 #328

OK. Then you're being irrational. You're basically admitting as much. DanTex May 2015 #333

Wrong. A HERETIC I AM May 2015 #360

No, I'm not wrong, and my terminology is not incorrect. DanTex May 2015 #362

The post you responded to mentioned rebalancing a 401(k) A HERETIC I AM May 2015 #368

Umm, well, if the 401k contains ETFs, then it is relevant (which seems to be the case here). DanTex May 2015 #369

Fair enough. A HERETIC I AM May 2015 #372

Another thing to keep in mind. DanTex May 2015 #324

Right, we went over this last night, the difference in this bill and the FTT from the past.... Joe the Revelator May 2015 #326

I wasn't here last night. I also wasn't aware that the text of this bill is available yet. DanTex May 2015 #331

Wrong. A HERETIC I AM May 2015 #358

This is astroturf nonsense. True Blue Door May 2015 #330

No, I am not astroturf, and FAR from being a farmer Joe the Revelator May 2015 #339

LOL good one. nt okaawhatever May 2015 #346

Nice to notice nobody fell for the OP's myth on the RHT. Rex May 2015 #364

He didn't lose me. lovemydog May 2015 #332

Fair enough. Joe the Revelator May 2015 #340

let investments become investments again PowerToThePeople May 2015 #344

Joe, how many trades do you make in a year? JDPriestly May 2015 #348

Pundits... Rex May 2015 #367

CAN I HAVE YOUR ATTENTION, PLEASE? YOU! YES, YOU IN THE BACK...CAN YOU HEAR ME? GOOD. A HERETIC I AM May 2015 #354

The lesson here is, don't listen to all-caps financial advice given on the internet... DanTex May 2015 #365

And a larger lesson is .... A HERETIC I AM May 2015 #370

Make that 351+ responses of blatantly incorrect information. DanTex May 2015 #373

I'm sure you mean well, but let me help you a bit; A HERETIC I AM May 2015 #376

In other words, you were wrong, and an FTT will in fact affect mutual funds. DanTex May 2015 #377

Again, terminology is important. A HERETIC I AM May 2015 #378

That's a good point. For example these words: DanTex May 2015 #380

Oh, one other thing, Dan... A HERETIC I AM May 2015 #374

HE voted for the RHT? Wow, that puts him one more notch up on my respect meter. Rex May 2015 #361

Support for RHT puts him solidly in my voting field. JEB May 2015 #371

So, Joe, has it occurred to you yet that your "someone is wrong on the internet" cartoon might be Electric Monk May 2015 #375

LMFAOROTFLOL L0oniX May 2015 #381

Apparently not, actually... Joe the Revelator May 2015 #385

If you think .50 from $100 is bad wait until you try an ATM ...and parking meters WTF! L0oniX May 2015 #382