New Financial Transaction Tax Purposed - Page 3 - TigerDroppings.com

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ShortyRob
LSU Fan
Huntsville, AL
Member since Oct 2008
26534 posts

re: New Financial Transaction Tax Purposed


quote:

I gave you a response to which you said you disagree without offering a reason why.

That's why this guy deserves not one iota of the respect in this thread he is demanding. He is asking for that which isn't willing to give.

quote:

I'll be interested to hear why you disagree given what I stated is pretty much universally understood to be true

And, he either didn't understand or responded with pure rhetoric("it's just gambling").

Again, the EXACT thing he bitched about when he got pure rhetoric in response.

frick this financial idiot and all who are like him.






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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
24219 posts

re: New Financial Transaction Tax Purposed


quote:

I disagree with this however. Frequent trading (day trading) doesn't do anything but move money around from one trader to another based on timing and who guessing right on a daily or even minute by minute basis.


These trades get taxed already. When you pay the brokerage firm 9.95 per trade, the feds get a cut on that profit from the brokerage firm.






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wickowick
LSU Fan
Head of Island
Member since Dec 2006
23157 posts

re: New Financial Transaction Tax Purposed


quote:

Is more taxes the answer for everything for liberals? Why not cut spending and stop taking money out of people's pockets?


Everything is easier to run wen there isn't a budget...






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34647 posts

re: New Financial Transaction Tax Purposed


quote:

The only reason to be for this tax is to curb high frequency trading (HFT). Other than the "flash crash" I don't see why high frequency trading is bad. Can you give me some other reasons why HFT needs to be curbed?


Honestly, I doubt this tax curbs it. Traders are willing to pay transaction fees which this essentially is. I think the impact will be extremely negligible.

Also, I think the general public that participates loses. There is a winner and loser with these transactions and the winner is usually the brokerage firms with inherent built in advantages. If this tax actually curbs the behavior (which I doubt) I think the losers (overall) are the brokerage firms and the winners are the small individual traders and the government.

However, like I said, I do not think the tax changes anything at the end of the day. It is not large enough and traders will simply view it as they do their brokerage per trade fees.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34647 posts

re: New Financial Transaction Tax Purposed


quote:

ShortyRob


Settle lil fella. You do not have anything to offer and probably were not even aware of the tax, so just move along now.






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ShortyRob
LSU Fan
Huntsville, AL
Member since Oct 2008
26534 posts

re: New Financial Transaction Tax Purposed


quote:

Honestly, I doubt this tax curbs it. Traders are willing to pay transaction fees which this essentially is. I think the impact will be extremely negligible.
Well, since you think so....

quote:

Also, I think the general public that participates loses. There is a winner and loser with these transactions and the winner is usually the brokerage firms with inherent built in advantages. If this tax actually curbs the behavior (which I doubt) I think the losers (overall) are the brokerage firms and the winners are the small individual traders and the government.

Here. Let me see if I have this right.

I disagree.

quote:

However, like I said, I do not think the tax changes anything at the end of the day. It is not large enough and traders will simply view it as they do their brokerage per trade fees.
You liberals are funny. You NEVER think ANY tax your propose will have any effect upon human behavior. It's like you have never met a human.






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ShortyRob
LSU Fan
Huntsville, AL
Member since Oct 2008
26534 posts

re: New Financial Transaction Tax Purposed


quote:

You do not have anything to offer
Your ENTIRE offerring in this thread is zilch.

You stupid prick.






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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: New Financial Transaction Tax Purposed


Answer this question senor. WHY DO WE NEED A NEW TAX ON ANYTHING?





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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
7774 posts

re: New Financial Transaction Tax Purposed


I can't, in my right mind, fathom anyone being FOR an added tax.





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llfshoals
Alabama Fan
Member since Nov 2010
1399 posts

re: New Financial Transaction Tax Purposed


quote:

Is more taxes the answer for everything for liberals? Why not cut spending and stop taking money out of people's pockets?


It's simple.

They think they're the only intelligent people on the planet, and if you'd just do what they say, you'd be happy.

Of course none of their shitty ideas ever work, but it's their intent on what they WANT them to do that matters.






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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
6404 posts

re: New Financial Transaction Tax Purposed


Our govt. is going so money hungry, they have to create new taxes, fees, etc. Half of govt. works 24/7 to find ways to tax us.

Investments are taxed already. If you make a profit on an investment he govt. who took no risk at all gets a cut. If you lose the govt. loses nothing.

Right now winners pay tax, why make losers pay tax too.

The next thing you know some govt. will come along and take your savings claiming they need it to survive.

Oh wait.....................






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21593 posts

re: New Financial Transaction Tax Purposed


They already have different tax treatement for short term and long term gains so you shouldn't act like this is really trying to deter specific behavior. It's a money grab by the govt, plain and simple.





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Zach
LSU Fan
Member since May 2005
63786 posts

re: New Financial Transaction Tax Purposed


I go to the ATM every morning and withdraw $100. That better not be considered a financial transaction.





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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34647 posts

re: New Financial Transaction Tax Purposed


quote:

They already have different tax treatement for short term and long term gains so you shouldn't act like this is really trying to deter specific behavior. It's a money grab by the govt, plain and simple.


I know. Gov is looking for areas to increase tax revenues. This is one I am ok with.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34647 posts

re: New Financial Transaction Tax Purposed


quote:

Investments are taxed already


This is more of a gambling tax than an investment tax.






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wickowick
LSU Fan
Head of Island
Member since Dec 2006
23157 posts

re: New Financial Transaction Tax Purposed


quote:

I know. Gov is looking for areas to increase tax revenues.


Why are they not spending time looking to cut?






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21593 posts

re: New Financial Transaction Tax Purposed


quote:

Gov is looking for areas to increase tax revenues


They should look harder at cutting.

quote:

This is one I am ok with.


I'm not against it other than the fact it opens up another revenue stream for the govt to hide the true effects of taxation. It will make the tax code more complicated so more lobbyists will get involved. We need to simplify our taxation process to make it "fair."






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21593 posts

re: New Financial Transaction Tax Purposed


quote:

This is more of a gambling tax than an investment tax.


If it was a gambling tax, it would start at casinos vs investements.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34647 posts

re: New Financial Transaction Tax Purposed


quote:

Why are they not spending time looking to cut?


I wish they would. The Dems are stubborn though and it is up to the GOP to force them to.







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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
7774 posts

re: New Financial Transaction Tax Purposed


quote:

know. Gov is looking for areas to increase tax revenues. This is one I am ok with.


Why does the gov need to increase tax revenues?

Do you agree with the fact that the gov has a spending problem?






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