TAX TAX TAX and more TAX

[surveyor]

[quote=SK in CV]If that is really the main issue of the tea partiers, where were they for the 8 years before this administration, when congress and the administration ran up debt, and spent and grew the size of government faster than any before them? As the deficit grew by 3 to 4 times what it had been during the previous 8 years and 50% higher than every other administration before, besides Bush the senior’s 4 years in office.[/quote]

Perhaps most people weren’t listening.

“As to Bush’s non-defense, non-homeland security domestic spending, people did complain — lots of them and frequently. Why isn’t this more widely recognized? When a conservative criticizes Rush Limbaugh, that’s news. The left hates Limbaugh. When a conservative criticizes Bush’s spending, that’s not news. The left loves domestic spending. For liberals, Bush’s No Child Left Behind program “wasn’t fully funded.” The prescription bill for seniors contained a “doughnut hole,” which made it insufficiently generous.

Conservatives, pundits and talk show hosts routinely blasted Bush for domestic spending. In 2003, after the passage of the Medicare prescription bill, a member of The Heritage Foundation said, “The president isn’t showing leadership, and conservatives are angry.” Former House Majority Leader Dick Armey, R-Texas, said, “The conservative, free-market base in America is rightly in revolt over this bill.”

(article by Larry Elder, in Washington Post)

[SK in CV]

[quote=pri_dk]Buying a stock, or anything, with cash does not impact the money supply. The cash just moves from the buyer to the seller.

The more important issue regarding taxes /fees on trading is that the increased transaction costs will reduce liquidity, which as many adverse repercussions.[/quote]

Taking cash from a checking account and buying stock does impact the money supply. Trading one stock for another does not.

I’m not sure how a 1/4 pt transaction fee (or even 1/2 a point if its both sides) will substantially reduce liquidity. I suspect it would slightly decrease turnover. It would only reduce liquidity if the markets came to a screeching halt as a result. I have shares of stock to sell and there is no market for them as a result of the tax. Aint gonna happen.

[SK in CV]

[quote=pri_dk]Buying a stock, or anything, with cash does not impact the money supply. The cash just moves from the buyer to the seller.

The more important issue regarding taxes /fees on trading is that the increased transaction costs will reduce liquidity, which as many adverse repercussions.[/quote]

Taking cash from a checking account and buying stock does impact the money supply. Trading one stock for another does not.

I’m not sure how a 1/4 pt transaction fee (or even 1/2 a point if its both sides) will substantially reduce liquidity. I suspect it would slightly decrease turnover. It would only reduce liquidity if the markets came to a screeching halt as a result. I have shares of stock to sell and there is no market for them as a result of the tax. Aint gonna happen.

[SK in CV]

[quote=pri_dk]Buying a stock, or anything, with cash does not impact the money supply. The cash just moves from the buyer to the seller.

The more important issue regarding taxes /fees on trading is that the increased transaction costs will reduce liquidity, which as many adverse repercussions.[/quote]

Taking cash from a checking account and buying stock does impact the money supply. Trading one stock for another does not.

I’m not sure how a 1/4 pt transaction fee (or even 1/2 a point if its both sides) will substantially reduce liquidity. I suspect it would slightly decrease turnover. It would only reduce liquidity if the markets came to a screeching halt as a result. I have shares of stock to sell and there is no market for them as a result of the tax. Aint gonna happen.

[SK in CV]

[quote=pri_dk]Buying a stock, or anything, with cash does not impact the money supply. The cash just moves from the buyer to the seller.

The more important issue regarding taxes /fees on trading is that the increased transaction costs will reduce liquidity, which as many adverse repercussions.[/quote]

Taking cash from a checking account and buying stock does impact the money supply. Trading one stock for another does not.

I’m not sure how a 1/4 pt transaction fee (or even 1/2 a point if its both sides) will substantially reduce liquidity. I suspect it would slightly decrease turnover. It would only reduce liquidity if the markets came to a screeching halt as a result. I have shares of stock to sell and there is no market for them as a result of the tax. Aint gonna happen.

[SK in CV]

[quote=pri_dk]Buying a stock, or anything, with cash does not impact the money supply. The cash just moves from the buyer to the seller.

The more important issue regarding taxes /fees on trading is that the increased transaction costs will reduce liquidity, which as many adverse repercussions.[/quote]

Taking cash from a checking account and buying stock does impact the money supply. Trading one stock for another does not.

I’m not sure how a 1/4 pt transaction fee (or even 1/2 a point if its both sides) will substantially reduce liquidity. I suspect it would slightly decrease turnover. It would only reduce liquidity if the markets came to a screeching halt as a result. I have shares of stock to sell and there is no market for them as a result of the tax. Aint gonna happen.

[Aecetia]

Bush did not do us any favors and most conservatives were pissed at him for a lot of his last term and his laxity on immigration issues. Bush was not a conservative by any means and the bail outs during the last few months of his Presidency were routinely criticized by many. It will be interesting to see how it plays out and how he will be remembered a generation from now.

[Aecetia]

Bush did not do us any favors and most conservatives were pissed at him for a lot of his last term and his laxity on immigration issues. Bush was not a conservative by any means and the bail outs during the last few months of his Presidency were routinely criticized by many. It will be interesting to see how it plays out and how he will be remembered a generation from now.

[Aecetia]

Bush did not do us any favors and most conservatives were pissed at him for a lot of his last term and his laxity on immigration issues. Bush was not a conservative by any means and the bail outs during the last few months of his Presidency were routinely criticized by many. It will be interesting to see how it plays out and how he will be remembered a generation from now.

[Aecetia]

Bush did not do us any favors and most conservatives were pissed at him for a lot of his last term and his laxity on immigration issues. Bush was not a conservative by any means and the bail outs during the last few months of his Presidency were routinely criticized by many. It will be interesting to see how it plays out and how he will be remembered a generation from now.

[Aecetia]

Bush did not do us any favors and most conservatives were pissed at him for a lot of his last term and his laxity on immigration issues. Bush was not a conservative by any means and the bail outs during the last few months of his Presidency were routinely criticized by many. It will be interesting to see how it plays out and how he will be remembered a generation from now.

[briansd1]

[quote=Aecetia]I do not believe the rich get better protection than the poor for their taxes. [/quote]

They may not get better individual protection, but the value their wealth is protected.

Houses and other assets have value because society protects and enhances the value.

[briansd1]

[quote=Aecetia]I do not believe the rich get better protection than the poor for their taxes. [/quote]

They may not get better individual protection, but the value their wealth is protected.

Houses and other assets have value because society protects and enhances the value.

[briansd1]

[quote=Aecetia]I do not believe the rich get better protection than the poor for their taxes. [/quote]

They may not get better individual protection, but the value their wealth is protected.

Houses and other assets have value because society protects and enhances the value.

[briansd1]

[quote=Aecetia]I do not believe the rich get better protection than the poor for their taxes. [/quote]

They may not get better individual protection, but the value their wealth is protected.

Houses and other assets have value because society protects and enhances the value.

[Author]

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