Nader Tax Plan thoughts? 1/2 cent tax per dollar on every stock trade

[IceBergSLiM]

deregulate wall street and allow them to regulate themselves.

[Texashiker]

Originally Posted by nehalem256

Because this would result in Black Monday looking like the Internet Boom

Not sure I understand what you mean.

If the states can collect sales tax on everything else, why not on stocks and bonds?

[hal2kilo]

Originally Posted by shady28

Do you people understand who the "big boy" traders are?

If you don't, here's a clue: Its YOU.

It's you pension plan.

It's your 401k.

It's your IRA.

So, Naders big plan is to make them pay more to invest your money / pension etc.

Want to guess who will actually pay for that? You don't really think it'll come out of the fund managers wallet do ya???

Since when is unproductive churning investing.

[Xecuter]

Originally Posted by IceBergSLiM

deregulate wall street and allow them to regulate themselves.

LOL you must have not been around in 2008

[nehalem256]

Originally Posted by Texashiker

Not sure I understand what you mean.

If the states can collect sales tax on everything else, why not on stocks and bonds?

Ok lets look at bonds for instance. 10yr treasuries are currently yielding 1.58%.

Which means you would have to hold it for 5 years to break even on paying the sales tax.

Do I need to explain what this will do to bond yields?

[hal2kilo]

Originally Posted by Xecuter

LOL you must have not been around in 2008

yea who cares if you lose 40% of your portfolio trapped in a 401K.

[zinfamous]

Originally Posted by Fern

Why do the Libs think every answer to some objectionable behavior is a tax?

If you don't want "speculation and volatility", which I don't personally have a problem with, just enact laws to prevent it.

no no no! that's big gubbermint and that's bad and evil! Regulation costs us jobs!

[zinfamous]

Originally Posted by IceBergSLiM

deregulate wall street and allow them to regulate themselves.

bahahahahahahah!

[Texashiker]

Originally Posted by nehalem256

Ok lets look at bonds for instance. 10yr treasuries are currently yielding 1.58%.

Which means you would have to hold it for 5 years to break even on paying the sales tax.

And? What is your point?

Lets say you buy a car, pay sales tax, title and license, then you still have to have it registered and inspected every year.

I guess having those fees is going to kill the truck and car market?

Originally Posted by nehalem256

Do I need to explain what this will do to bond yields?

Maybe there is something wrong with the market?

I pay taxes on clothes, but I still buy them.

Paying taxes on food is not making people starve to death.


Maybe, just maybe, having a tax on stocks and bonds will create long term investments.

[RampantAndroid]

Originally Posted by Texashiker

Paying taxes on food is not making people starve to death.


Maybe, just maybe, having a tax on stocks and bonds will create long term investments.

There's already a federal tax on non-long term (<1 yr) stock sales.

You only pay taxes on prepared food, in most if not all states?