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KamaAina

(78,249 posts)

2. Let's do it here! Like a tax on tobacco, it accomplishes two things:

Reply to Bosonic (Original post)

Tue Oct 23, 2012, 03:59 PM

Oct 2012

1) It raises badly needed revenue.

2) I discourages undesired behavior (either smoking, or "churning", that is, turning stocks, bonds, etc., over and over based on short-term fluctuations in price rather than actually investing in them).

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Highlight:

Eleven EU nations get go-ahead on 'Robin Hood' finance tax [View all] Bosonic Oct 2012 OP

Taxing the financial bandits sounds like a great idea. Vidar Oct 2012 #1

Their ads are great... FailureToCommunicate Oct 2012 #7

Those ads are awesome. Can you imagine how much could be raised with a similar tax in the US. pampango Oct 2012 #10

Let's do it here! Like a tax on tobacco, it accomplishes two things: KamaAina Oct 2012 #2

You are correct. We should do it here. Stop the front running sharks. Vincardog Oct 2012 #3

We already have a tax on tobacco, but the FTT isn't about stuff like that pediatricmedic Oct 2012 #4

The common thread is that both raise revenue while helping society in other ways as well KamaAina Oct 2012 #6

You COMPLETELY MISSED the Real Reason for FTT FreakinDJ Oct 2012 #9

I'll believe it when I see it... Spitfire of ATJ Oct 2012 #5

We need that same sales tax on stocks and bonds. Stop selling strategeic manufacturing jobs WRH2 Oct 2012 #8

I couldn't agree with you more. amandabeech Oct 2012 #11

The UK already charges 0.5% on share purchases by private individuals muriel_volestrangler Oct 2012 #12