Reply With QuoteBernie is a man that will or would tax them, but it will never happen, he couldn't get it passed if he tried, most of congress and the senate, are bought and payed for, by the wall street super pacss...Originally Posted by GeoFisher
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Senior Member
Wall street and all the capital generated by the trading industry will MOVE versus being TAXES.
The gigantic tax houses on the street will move to China or Japan or London....GUARANTEED.
http://www.bbc.com/news/business-15123470
Sweden realized they made a mistake by taxing their financial sector.....
Later,
Geo
Senior Member
Bernie is a man that will or would tax them, but it will never happen, he couldn't get it passed if he tried, most of congress and the senate, are bought and payed for, by the wall street super pacss...
Senior Member
I guarantee that you don't want that either.....unless you're a self made millionaire and don't rely on a pension or retirement instruments.
Maybe you have a gigantic gold mine in your back yard.
The REASON I say that is the Sanders plan calls for a 1.4% tax on every trade on wall street. Guess what big guy, your pension and retirement instruments are investments IN WALL STREET funds.....
If these instruments make 2 moves in a year, you would consume 3% of all the gains on those instruments. On top of that, most every financial instrument also has a cost to move it, so add that on top, and it could cost you 4% to make a move 2 times a year.
What a stupid, ignorant, effed up idea.......
Go ahead, vote for this socialist sum bitch. When that happens I will move every single penny of every single instrument I have to a place that DOESN'T tax the tar out of my investments.
People simply don't understand simple economics.........
later,
Geo
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