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Actually we are already well on the road to be being like Europe.
Oh and I see you linked to an author that loves the idea of bailouts & reparationsto boot. Another closet bleeding heart libbie. Welcome brother.
Actually you sound just to progressive to understand this but here goes. How in the world can you believe that taxing American banks to get money to help European socialist states is good policy? Do you not understand that as long as our banks are not owned by our government they will just charge those doing business with them a fee to pay the tax you seem to want.?
I think that you fail to understand that the progressive Crap and Tax laws will be paid by the citizens of our country in the end. Do you really think like Nancy Pelosi? She doesn't see how the people will get to pay those Cap and Trade taxes in the end. How stupid can progressives be?
Actually you sound just to progressive to understand this but here goes. How in the world can you believe that taxing American banks to get money to help European socialist states is good policy?
roy, looks like you had another failure to comprehend the post before you.
So I'll go r-e-a-l s-l-o-w a-n-d s-p-e-l-l e-v-e-r-y-t-h-i-n-g o-u-t f-o-r y-o-u.
Quote:
Originally Posted by kovert
Could this work in the states. A tax of just 0.05% on financial transactions. These cats think its a good idea.
I asked whether anyone thinks a tax of,.., gasp,..., 0.05% (is that number where the confusion began) on financial transactions could work IN THE STATES.
Quote:
Originally Posted by roysoldboy
Do you not understand that as long as our banks are not owned by our government they will just charge those doing business with them a fee to pay the tax you seem to want.?
Do YOU think its okay for those responsible for the greatest global financial crisis since the Great Depression to get bailed out at taxpayer expense and then receive rewards in the form of bonuses for failure and then to top it off, go back to business as usual like nothing happened?
Quote:
Originally Posted by roysoldboy
think that you fail to understand that the progressive Crap and Tax laws will be paid by the citizens of our country in the end. Do you really think like Nancy Pelosi? She doesn't see how the people will get to pay those Cap and Trade taxes in the end. How stupid can progressives be?
I'd like you to find a post where I ever stated I was in favor of Cap & Trade.
Step out of the Glenn Beck universe and join the rest of humanity.
The majority have spoken what? You speak for everyone? I want my constitution alright, but I in no way endorse smarmy weasels hiding behind it selling yet another pig in a poke or worse, keeping Americans stuck on stupid forever while we get robbed blind forever because they can't handle change. The theft did not occur during the bail outs. The theft occurred the moment funny money CDS's were birthed.
I happen to agree with most of what that author said in your posted link. I just don't see that your side has managed to do anything beyond facilitate criminal activity for the efficient fleecing of our national wealth. Restitution from guilty banks is not out of line. They've harmed entire industries from gross malfeasance.
Looks like the movement for a financial transaction tax is gaining steam.
Business leaders as well as heads of state are in support of it (http://wealthforcommongood.org/campaign/financial-transaction-tax/ - broken link).
Economists have written a report that much needed revenue to balance our budget can be obtained from such a measure.
Party people that complain about the favoritism of Wall Street to the detriment of Main Street should be all over this.
Let's assume A steals money from B and, in restitution, is forced to give the money he stole to C. How does that help B? Apply that to the current situation. How does forcing banks to give money to the government help people who have been hurt by the financial crash? Particularly when the government made possible the excesses of the banking system? Don't kid yourself. Money given to government through taxation does little, if anything, to benefit people. It benefits the politicians and the special interests that support them. Robin Hood, indeed! Whence comes this religious-like faith in the goodness of government?
Let's assume A steals money from B and, in restitution, is forced to give the money he stole to C. How does that help B? Apply that to the current situation. How does forcing banks to give money to the government help people who have been hurt by the financial crash? Particularly when the government made possible the excesses of the banking system? Don't kid yourself. Money given to government through taxation does little, if anything, to benefit people. It benefits the politicians and the special interests that support them. Robin Hood, indeed! Whence comes this religious-like faith in the goodness of government?
Interesting that you bring this up because even Paulie, Junior's Sectary from G. Sachs understands the need for regulation to prevent any future bailouts.
Apparently the Financial Times is also asking serious questions about the "free market system",
along with Greenspan himself. Alan was particularly shocked about the failure to protect shareholders.
So if even these guys see its flaws, from whence does YOUR slavish devotion to the free market system come from?
Last edited by kovert; 02-16-2010 at 02:48 PM..
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