General Discussion

kenfrequed

(7,865 posts)

41. It is a very modest tax

Wed May 20, 2015, 12:48 PM

May 2015

The tax only would hit those people hard that are engaging in massive amounts of speculation and day trading. It is a tiny tax on the initial transaction of purchasing stocks and does not penalize people merely for owning stocks (who already enjoy a lower tax rates on capital gains than most people do on payroll taxes.)

This bill actually raises revenue for real investment, investing in education, and punishes the kind of financial activity that brought us to the precipice of a new great depression. Investment should go back to being about putting money into something and accumulating benefit based on success. It should not be a constant morass of quick trading speculation that only encourages the worst corporate behavoir of maximizing instant profits as opposed to long term thinking.

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Bernie Sanders' Bold, New Plan May Have Just Locked Down the Millennial Vote [View all] G_j May 2015 OP

Fabulous idea. InAbLuEsTaTe May 2015 #1

this is one of my red button issues.... mike_c May 2015 #2

Me too Mike davidpdx May 2015 #33

The same people who may be happy today will be unhappy when they start paying this tax. Thinkingabout May 2015 #3

The plan does not tax 401k and 529 plans, no tax for consumers saving. TheNutcracker May 2015 #5

It sure does MaggieD May 2015 #10

With interest at 1%, putting money into money market, etc will not Thinkingabout May 2015 #26

It is a very modest tax kenfrequed May 2015 #41

This is a sales tax on stock purchases, why not raise the taxes on capital gains. Thinkingabout May 2015 #49

This transaction tax helps on both fronts. kenfrequed May 2015 #54

On playing it forward, they would have gone to college for free, if they cannot play it forward why Thinkingabout May 2015 #56

Uhm... kenfrequed May 2015 #58

Why can't college students pay for someone else to go to school in the future? Thinkingabout May 2015 #60

Ok... kenfrequed May 2015 #61

This thread is about giving free college education to students. Hopefully one day they will get Thinkingabout May 2015 #70

The transaction tax is extremely small for common investors. It will raise money and rhett o rick May 2015 #83

That is not true. I've read the bill. Have you?? Joe the Revelator May 2015 #62

Those who will be paying the tax, are going to be unhappy that they finally have to sabrina 1 May 2015 #44

A capital gains increase earmarked for college funding would provide more money. Thinkingabout May 2015 #50

Did you read his plan? sabrina 1 May 2015 #51

Why tax the purchase, tax the gains. Thinkingabout May 2015 #53

Well, it looks like the 'little guys' in the form of Labor Unions eg, are in support of this tax. sabrina 1 May 2015 #64

Shameful, put more tax on the working class, good idea. Why is the unions wanting their Thinkingabout May 2015 #66

Didn't read it, or didn't want to read it I guess. Tax The Rich, is what Bernie is doing. sabrina 1 May 2015 #68

Maybe you do not know little people invest in the stock market, they purchase stock but now this Thinkingabout May 2015 #71

So you are well off enough to purchase stock, good for you. But you don't want to contribute sabrina 1 May 2015 #72

Have you ever looked in the news paper for the prices of stock? Thinkingabout May 2015 #89

Have you looked at what it costs to go to college in this country today? What jobs can students sabrina 1 May 2015 #95

You're right-- your assumption doesn't make sense. Marr May 2015 #87

Bernie! Bernie! Bernie! Bernie! Bernie! Bernie! Initech May 2015 #4

But he's old! BrotherIvan May 2015 #6

And that hair! n/t RufusTFirefly May 2015 #8

They don't like his "tone" BrotherIvan May 2015 #20

He's too darn angry! Like that Dr. Dean fella from a few years back. RufusTFirefly May 2015 #22

He can't win! I don't care what his ideas are! BrotherIvan May 2015 #24

People won't vote for policies that HELP them!,,,111!!1! woo me with science May 2015 #27

Oh no! Neoliberalism RULZ BrotherIvan May 2015 #39

I suck its giant thrusting white cis hetero colonialist cock every day redruddyred May 2015 #94

Then vote for Hillary! Rockyj May 2015 #36

We're joking about the barbs that have been leveled against him BrotherIvan May 2015 #37

I think people are just having fun with those who think Hillary is 'inevitable'. sabrina 1 May 2015 #45

We love Bernie. Hair and all. Enthusiast May 2015 #74

He sounds like a lecturing grandpa! Autumn May 2015 #34

My one anecdote proves it! BrotherIvan May 2015 #38

Yeah! I could never vote for anyone with hair like that! Enthusiast May 2015 #73

K & R appalachiablue May 2015 #7

And encouraged them to vote! GOTV Bernie!!! cui bono May 2015 #9

Nice to see him jump on the bandwagon MaggieD May 2015 #11

So was single payer. F4lconF16 May 2015 #13

So you must love that HRC MaggieD May 2015 #14

I am happy she did that. F4lconF16 May 2015 #15

I don't understand the fuss about common core MaggieD May 2015 #18

agree, MaggieD SCantiGOP May 2015 #40

To answer one of your questions... malthaussen May 2015 #48

correct G_j May 2015 #16

It's the pay for that will be an issue MaggieD May 2015 #21

any defense cut is fine with me, G_j May 2015 #23

Agreed on that! MaggieD May 2015 #78

I believe you are incorrect. Enthusiast May 2015 #75

From his plan MaggieD May 2015 #76

Link? Enthusiast May 2015 #84

Good thing he already had the Millennial vote locked down then. n/t Dawgs May 2015 #28

He's going to get that most important youth vote. He's been communicating with them on a personal sabrina 1 May 2015 #46

Agreed.My young grandson and his lady both told me that are for Bernie. They like what he is jwirr May 2015 #12

IMO, Bernie hasn't set a foot wrong yet Demeter May 2015 #17

I feel just the opposite MaggieD May 2015 #19

if Hillary did something like this she would be attacked for pandering and trying to buy votes lol n msongs May 2015 #25

Or praised for coming up with an idea on her own, and not stealing someone else's. n/t Dawgs May 2015 #29

The big difference is that I believe Bernie. [n/t] Maedhros May 2015 #63

+1 merrily May 2015 #99

Well I don't think you have to worry about that. nm rhett o rick May 2015 #80

lmao! /nt Marr May 2015 #88

Everyone would die from shock that she proposed ANYTHING of substance Doctor_J May 2015 #98

K&R CharlotteVale May 2015 #30

That doesn't change anything about a highly competitive global economy The2ndWheel May 2015 #31

Good analysis. We need training on the job, technical schools erronis May 2015 #42

Unless you have another plan to deal with that problem, which Bernie does. sabrina 1 May 2015 #47

"He is opposed to the outsourcing of jobs, naturally." Phlem May 2015 #65

At least graduates wouldn't be in debt for decades before they even get started. Enthusiast May 2015 #77

If anyone wants to know where Bernie is madokie May 2015 #32

thank you! G_j May 2015 #90

Yes, young Americans need to be either educated or trained w/o incurring debt BUT KittyWampus May 2015 #35

But why should teens need to go directly to college? erronis May 2015 #43

I don't see how this locks down the millennial vote mythology May 2015 #52

Its just blatant pandering, imo, to get headlines like this. nt Joe the Revelator May 2015 #86

HUGE K & R !!! - THANK YOU !!! WillyT May 2015 #55

I'm not part of the 1% and I don't have children Boomer May 2015 #57

I would love to see that happen Andy823 May 2015 #59

Sanders is campaigning on a seating change in Congress to go along with his intuitive Bills. DhhD May 2015 #82

Yep, I signed on to that one too. K&R n/t bobthedrummer May 2015 #67

We can hope, but don't count on anyone ever being "locked down." True Blue Door May 2015 #69

June July August September October November December January... JHB May 2015 #79

College And Health Care colsohlibgal May 2015 #81

I'm against a tax on retirement funds stonecutter357 May 2015 #85

unless existing college debt is erased, it gives unfair advantage to new graduates zazen May 2015 #91

Go Bernie. Watching this all unfold is both fascinating and revealing. NRaleighLiberal May 2015 #92

paying tuition is only half the battle tho redruddyred May 2015 #93

But, but, it's a Pony and stuff AgingAmerican May 2015 #96

Not with the media blackout on EBH Doctor_J May 2015 #97

Generally in favor, though I don't know if I agree with the "regardless of income" bit. merrily May 2015 #100