New Financial Transaction Tax Purposed | Page 2 | TigerDroppings.com
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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: New Financial Transaction Tax Purposed

YOu for yourself see the list above with taxes and still like a good little goose-stepping LIBERAL lemming want to pursue another tax which will as all good taxes do over time metamorph into a hydra.


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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
38602 posts
Online

re: New Financial Transaction Tax Purposed
quote:

I can explain it to you but it's apparent I can't understand it for you.......


Ok, cool. I just ignore your useless little insults that don't add anything to begin with.

Personally, I think you simply oppose it out of self-interest and no real reason otherwise. Although I am sure you would like to be able to justify your opposition.


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Turbeauxdog
LSU Fan
Member since Aug 2004
6468 posts

re: New Financial Transaction Tax Purposed
Increased volume of trading typically means the security will have a smaller bid/offer spread.

The beneit being an investor can get into or out of a stock without incurring significant slippage (meaning you have to pay a premium to the mid to buy or suffer a discount to the mid to sell.

Because of this added risk, The less liquid the market for a security is, the greater the required return for that security will be.

You'll essentially be raising the cost of capital for every company in America.

Well done Feds.


vodkacop
LSU Fan
GOM
Member since Nov 2008
2466 posts

re: New Financial Transaction Tax Purposed
quote:

I can explain it to you but it's apparent I can't understand it for you......


Lolol I'm stealing this you Russian bastard. I usually don't laugh until at least 1030 or 11 am. But besides it being funny its true.


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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
38602 posts
Online

re: New Financial Transaction Tax Purposed
I follow what you are saying.

quote:

You'll essentially be raising the cost of capital for every company in America.


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.

I am ok with taxing something that is essentially gambling.


CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: New Financial Transaction Tax Purposed
Dim boy you are taxing something that has been taxed many times over by the point that your new tax does it again. How many times does something have to be taxed for you and other idiots to be satisfied?


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ShortyRob
LSU Fan
Madison, AL
Member since Oct 2008
32409 posts
Online

re: New Financial Transaction Tax Purposed
quote:

I disagree with this however.
Jeebus Christ. You "disagree" with it huh?

I guess you think that fricking matters when responding to a FACT.

quote:

am ok with taxing something that is essentially gambling.
You clearly don't know what the frick you're talking about. And, when someone explains it to you, all you say is "I disagree".

You fricking demand explanations instead of insults but the best you have in respose is, "I disagree".

fricking idiot.


cajunangelle
LSU Fan
R.I.P. los angeles tiger
Member since Oct 2012
19500 posts

re: New Financial Transaction Tax Purposed

Soon to follow will be internet taxes and a tax on kids lemon aid stands. (Oh wait Obama did that one already.) Can anyone think of anything else remaining to tax? A tax to flush the toilet will be next.


CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: New Financial Transaction Tax Purposed
Fart tax to fight global warming. They already tax you per flush.


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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
38602 posts
Online

re: New Financial Transaction Tax Purposed
quote:

You fricking demand explanations instead of insults but the best you have in respose is, "I disagree".


I explained why I disagree.

Otherwise you just need to settle down lil short fella.


llfshoals
Alabama Fan
Member since Nov 2010
1401 posts

re: New Financial Transaction Tax Purposed
quote:


I think you are incorrect in the assumption the frequent trading being targeted adds any value whatsoever. I do not believe it does and believe it is just gambling for the most part.


I'll take "trying to buy a moron a clue" for 200 alex.

The answer is...It's THEIR money. Not yours, not the government's.


Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
38602 posts
Online

re: New Financial Transaction Tax Purposed
quote:

Soon to follow will be internet taxes and a tax on kids lemon aid stands. (Oh wait Obama did that one already.) Can anyone think of anything else remaining to tax? A tax to flush the toilet will be next.


This is more in line with what I expected. No real thought from posters here, just rhetoric per usual.


Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
38602 posts
Online

re: New Financial Transaction Tax Purposed
quote:

The answer is...It's THEIR money. Not yours, not the government's.


This is the usual poliboard position I have come to expect.

The government should not exist and no one should pay taxes.


ShortyRob
LSU Fan
Madison, AL
Member since Oct 2008
32409 posts
Online

re: New Financial Transaction Tax Purposed
quote:

I explained why I disagree.
That was an "explanation"?
WTF?

That was simply a restatement of the OPINION you errantly hold in response to the FACTS given you regarding liquidity.

You're a fricking financial idiot.


Turbeauxdog
LSU Fan
Member since Aug 2004
6468 posts

re: New Financial Transaction Tax Purposed
quote:

This is more in line with what I expected. No real thought from posters here, just rhetoric per usual.


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

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



GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
29264 posts

re: New Financial Transaction Tax Purposed
quote:

Thoughts?


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?


llfshoals
Alabama Fan
Member since Nov 2010
1401 posts

re: New Financial Transaction Tax Purposed
quote:

This is the usual poliboard position I have come to expect.

The government should not exist and no one should pay taxes.


You should expect it because it IS their money.

Government is only a necessary evil for one reason, and one only. To have groups of people band together to protect them from OTHER governments.

Other than killing people and breaking things, there's not a single thing Government does better than the private sector.


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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: New Financial Transaction Tax Purposed
If you are so damned smart why is it that you do not see that your great design is redundant as hell with the idea of a new tax. It is simple the addition of a new form of taxes on things taxed many times over. Oh, if we are so stupid I am sure you can find an uber-smart site like Dumbasses Underground easily.


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wickowick
LSU Fan
Head of Island
Member since Dec 2006
27556 posts
Online

re: New Financial Transaction Tax Purposed
quote:

This is more in line with what I expected. No real thought from posters here, just rhetoric per usual.


The same can be said for those on the left that think that everything should be taxed and taxed again and when spending isn't cut and they need more money they want more in taxes... Who is really missing out on thinking?


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Chimlim
LSU Fan
Baton Rouge, LA
Member since Jul 2005
12112 posts

re: New Financial Transaction Tax Purposed
Is more taxes the answer for everything for liberals? Why not cut spending and stop taking money out of people's pockets?


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