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Ilhan Omar pushes for new tax on stock trades amid GameStop frenzy

Posted on 2/1/21 at 6:41 pm
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
38383 posts
Posted on 2/1/21 at 6:41 pm
LINK

quote:

Rep. Ilhan Omar called for a new tax on stock trades after a battle between an army of amateur investors and hedge funds caused a dramatic swing in the share price of GameStop and other heavily shorted companies, shaking Wall Street.


quote:

A small tax - 0.1% - on each Wall Street trade would reduce high frequency trading, a practice which drains profits from retail investors and benefits only the very rich.

We could use the close to $1 trillion it would generate to cancel all student debt and make college free.
Posted by The 22nd Doctor
Member since Jan 2021
91 posts
Posted on 2/1/21 at 6:42 pm to
I firmly believe Omar is a jihadist sleeper agent. And I’m not a conspiracy theorist.
Posted by V Bainbridge
Member since Jul 2020
8118 posts
Posted on 2/1/21 at 6:44 pm to
I wouldn't mind it if it went exclusively to pay off our national debt. They would find a way to steal it no matter what it was supposed to go to though. So it's a bad idea.
This post was edited on 2/1/21 at 6:45 pm
Posted by Nguyener
Kame House
Member since Mar 2013
21057 posts
Posted on 2/1/21 at 6:44 pm to
quote:

A small tax - 0.1% - on each Wall Street trade


Theft is theft. Whether a penny or a pound.

quote:

We could use the close to $1 trillion it would generate to cancel all student debt and make college free.


Justifying a crime doesn’t change the fact that it’s a crime.

You know what else we could do to generate enough money to cancel student loan debt snd make college free? End all other entitlement programs.

You know how we can immediately generate 100,000,000 per year? End congressional salaries.

I am 100% against new taxes and new entitlement programs and new government spending. Our government has an enormous over bloated budget.
This post was edited on 2/1/21 at 6:46 pm
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
70199 posts
Posted on 2/1/21 at 6:45 pm to
so free trading would have zero tax?
Posted by braindeadboxer
Utopia
Member since Nov 2011
8742 posts
Posted on 2/1/21 at 6:50 pm to
quote:

I wouldn't mind it if it went exclusively to pay off our national debt. They would find a way to steal it no matter what it was supposed to go to though. So it's a bad idea.


They would just borrow money to pay for what they really want to use the money for, then pay off that debt with the new tax plus interest.

Posted by AURaptor
South
Member since Aug 2018
11958 posts
Posted on 2/1/21 at 6:50 pm to
She's pretty damn open to be a 'sleeper' agent. I think she was recruited to be one, but at this point, there's no reason for her to hide - ANYTHING.

She married her brother, and then has married her campaign consultant, Tim Mynett ...


quote:

Wikipedia does not have an article with this exact name. Please search for Tim Mynett in Wikipedia to check for alternative titles or spellings.
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Posted by Nosevens
Member since Apr 2019
17574 posts
Posted on 2/1/21 at 6:51 pm to
She should have pushed her brother out of her bed . Now she should be paying a hefty fine for the criminal activities she plays in sending her newest husband her fund money
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
13193 posts
Posted on 2/1/21 at 6:53 pm to
Tip O’Neal is alive!
Posted by Powerman
Member since Jan 2004
170845 posts
Posted on 2/1/21 at 6:56 pm to
quote:

Justifying a crime doesn’t change the fact that it’s a crime.


Levying a tax isn't a crime

You'd be better off debating the pros/cons of such a tax
Posted by NineLineBind
LA....no, the other one
Member since May 2020
8451 posts
Posted on 2/1/21 at 6:58 pm to
quote:

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

Ronald Reagan
Posted by jlc05
Member since Nov 2005
33381 posts
Posted on 2/1/21 at 7:00 pm to
I cant believe that anti-Semite is allowed to serve in Congress
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 2/1/21 at 7:01 pm to
quote:

A small tax - 0.1%



quote:

We could use the close to $1 trillion



"small"
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
73709 posts
Posted on 2/1/21 at 7:02 pm to
This is just a foot in the door. They would not stop there.

They already tax every profit that anyone or any entity makes in gains in the stock market. It's not like an untaxed wild west full of moonshine stills and whore houses. All of that money was taxed before it was invested and gets taxed after the gains are taken. This is just a way to leach more money during the process.



Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298305 posts
Posted on 2/1/21 at 7:03 pm to
quote:

new tax
Posted by Trisket42
Member since Feb 2021
1 post
Posted on 2/1/21 at 7:10 pm to
its actually .5% for stock trades she wants. now we are taxing a transaction that will be taxed later... seems on par for the Left
Posted by LSUnation78
Northshore
Member since Aug 2012
14135 posts
Posted on 2/1/21 at 7:12 pm to
Assuming market behavior remains the same after you place a tax on a particular action.

Definition of retarded.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 2/1/21 at 7:12 pm to
quote:

Levying a tax isn't a crime

You'd be better off debating the pros/cons of such a tax




You would be better off not giving advice to people who do not want it.



See? I just did it to you. You won't follow it so why bother?
Posted by Landmass
Premium Member
Member since Jun 2013
25144 posts
Posted on 2/1/21 at 7:14 pm to
Talk about an immediate crash in the market. Yeah, that would be absolutely great in a year when businesses have already suffered from government overreach and it's an economic recipe for disaster.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
64197 posts
Posted on 2/1/21 at 7:14 pm to
frick her. While she embezzles money to her boyfriends "consulting" company. frick right off.
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