1/4% Stock trading transaction tax....how do you feel about it?

Stupid. It's just going to make the market less efficient and will affect more than Wall Street.

If you want Wall Street to pay for TARP (which make no sense, if they could pay for it, they wouldnt need it) then just levy an additional tax on banks.

 

Absolutely not.

I'm more of the classic long term investor and I dislike day trading and everything about it, but if this is to discourage day trading (which I believe is discouraging enough as is with the commissions and taxes) and prevent short term spikes, then it is stupid.

 

This is just another way for the libs to redistribute income. Yawn. They have to strike quickly to enact all of this socialist legislation, before the country wakes up and realizes that what they are doing is exceptionally dangerous to the health of the US. Once the honeymoon is over for the libs, and people revert back to their conservative-leaning principles, the spending and wealth redistribution orgy is over for the libs. They have a narrow window and must force everything through asap -- it's a power grab folks -- at our nation's expense.

 

apparently you missed the point of tax is to pay for the bailout in which america's wealth has been redistributed to bail out wall street.

 

That was a PUI I mixed up the transaction tax with a higher tax for companies. You're right, this doesn't have an effect on future cash flows for a company.

 

I already paid my taxes which went to the bailout. Why do I have to get taxed another way to pay for it?

 

We're running huge deficits, I'm pretty sure our tax dollars aren't enough.

 

Well it sure isn't enough to run up the largest deficit post WW2

 

Nice, why don't we add a special tax for every car sold to pay for the auto bailout.

 

Until this year, it worked for GM!

 

nah...bad decisions bring bad fruits on their own.

 

Haven't investors suffered enough in the past year?