Income Inequality and a FTT

[89Hen]

I would say far more than 50% are for cutting spending.

Everybody says they want spending cut... virtually 100% agree


(as long as its somewhere else)

[AZGrizFan]

I would say far more than 50% are for cutting spending.

And no, what were talking about is that

1). We can afford the crumbs

2). A FTT has proven effective in countries more financially "free" than ours.



Pessimist.

Everybody says they want spending cut... virtually 100% agree


(as long as its somewhere else)
And I'm not a pessimist - but - nothing can change in a system designed to never change

I want spending cut 25%. Across the board--yes, defense included--along with the elimination of several departments completely (DHS, CFPB, Dept of Education, etc.). Cut everybody else back to 2000 levels. Provide line-item veto authority to the budgeting process. Eliminate earmarks completely. And some other things I don't have time to get into right now.

[kalm]

Everybody says they want spending cut... virtually 100% agree


(as long as its somewhere else)
And I'm not a pessimist - but - nothing can change in a system designed to never change

I want spending cut 25%. Across the board--yes, defense included--along with the elimination of several departments completely (DHS, CFPB, Dept of Education, etc.). Cut everybody else back to 2000 levels. Provide line-item veto authority to the budgeting process. Eliminate earmarks completely. And some other things I don't have time to get into right now.

Nice idea, but this would send the economy into a tailspin.

[kalm]

2). A FTT has proven effective in countries more financially "free" than ours.

How about we do what's best for our country, not others?

It was an example of how some countries perceived as economically more free than we are pay some of their debt.

Do you think our current system of casino style stock markets and crony capitalism is what's best for our country?

[Ivytalk]

I would say far more than 50% are for cutting spending.

And no, what were talking about is that

1). We can afford the crumbs

2). A FTT has proven effective in countries more financially "free" than ours.



Pessimist.

Everybody says they want spending cut... virtually 100% agree


(as long as its somewhere else)
And I'm not a pessimist - but - nothing can change in a system designed to never change

Don't tax me,
Don't tax thee,
Tax the man behind the tree!

[89Hen]

How about we do what's best for our country, not others?

It was an example of how some countries perceived as economically more free than we are pay some of their debt.

Do you think our current system of casino style stock markets and crony capitalism is what's best for our country?

When I go to a casino, I know the odds are in the favor of the casino and over time I will lose. I may win a hand or two, or even have a couple good days, but eventually the casino wins. I also know that over time, my investments make money. I may have a day or two, even a year or two where I lose, but eventually my 401k grows.

[kalm]

It was an example of how some countries perceived as economically more free than we are pay some of their debt.

Do you think our current system of casino style stock markets and crony capitalism is what's best for our country?

When I go to a casino, I know the odds are in the favor of the casino and over time I will lose. I may win a hand or two, or even have a couple good days, but eventually the casino wins. I also know that over time, my investments make money. I may have a day or two, even a year or two where I lose, but eventually my 401k grows.

The casino can't drag down the world wide economy.

[Aho Old Guy]

An FTT is a GPS for big money. It exposes risk and leverage. I gots no problem with most models but its use for 'revenue enhancement' is secondary to holding the money-changers accountable.

But, don't worry. By moving profits offshore in fancy transactions through dummie corps and tax havens, the looters (and the pols in their pockets), their bean-counters and the 'fabulously-well-to-do' will stay one step ahead of the regulators.

It's what made America great. We just have to have a crushing financial crisis and Great Recession/Depression every 50-60 years for account reconciliation.

Next up for our new Congress Critters: Repatriation of that $2+ trillion in overseas profits. During the last Great Repatriation of 2006, the overseas cash repatriated at 5.25% with the promise of "Jobs! Jobs! Jobs!" for America.

How'd that work out?

[89Hen]

When I go to a casino, I know the odds are in the favor of the casino and over time I will lose. I may win a hand or two, or even have a couple good days, but eventually the casino wins. I also know that over time, my investments make money. I may have a day or two, even a year or two where I lose, but eventually my 401k grows.

The casino can't drag down the world wide economy.

Holy mid stream change Batman.

[CAA Flagship]

Everybody says they want spending cut... virtually 100% agree


(as long as its somewhere else)
And I'm not a pessimist - but - nothing can change in a system designed to never change

Don't tax me,
Don't tax thee,
Tax the man behind the tree!

If you drive a car, I'll tax the street
If you try to sit, I'll tax your seat
If you get too cold I'll tax the heat
If you take a walk, I'll tax your feet

Taxman!
Cos I'm the taxman, yeah I'm the taxman

[AZGrizFan]

I want spending cut 25%. Across the board--yes, defense included--along with the elimination of several departments completely (DHS, CFPB, Dept of Education, etc.). Cut everybody else back to 2000 levels. Provide line-item veto authority to the budgeting process. Eliminate earmarks completely. And some other things I don't have time to get into right now.

Nice idea, but this would send the economy into a tailspin.

Wait until you see what an unmanageable debt burden does to this country's economy.