Talk of The Villages Florida - View Single Post - Pelosi Says You Won't Mind A 1% Transaction Tax
View Single Post
 
Old 09-27-2010, 12:59 AM
Guest
n/a
 
Posts: n/a
Default

I peek in here while on vacation and it's still the same "make up stuff to make bad things seem worse" thing going on.

I read the article - it's on FINANCIAL INSTRUMENT trades. Swaps, futures, etc. Not "every time you make a deposit" or buy something at a store.

I agree that this is NOT a good idea because it WILL affect 401K accounts which have already taken a beating. But you don't have to make stuff up to make it seem worse.

The article *specifically stated* what kinds of transaction would be subject to the new tax that the G(FillInTheBLank) are proposing. I understand the sentiment behind it but I disagree with the methodology proposed.