Comments on: Martin Wolf: Tax Windfall Bonuses

By: M.G. in Progress

M.G. in Progress — Wed, 25 Nov 2009 08:25:00 +0000

I think the bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.) on the sale and purchase of financial instruments such as stocks, options, derivatives and futures, should get your attention:
http://thehill.com//homenews/house/69295-dems-push-wall-street-150b-stock-tax

It makes a lot of sense as I contend here:
http://mgiannini.blogspot.com/2009/11/taxing-financial-transactions-why-not.html

By: bman

bman — Tue, 24 Nov 2009 20:16:54 +0000

Newlum noone is talking about targing individuals or groups. We’re talking about taxing all the greedy bastards.
If you haven’t noticed it’s a little late to say stop giving money to bankers, they already have all the money.

The cause of the problem is greed. Tax Greed. That is the solution.

Oh, and by the way, trying to run someone elses country on the other side of the globe is also greed.

By: newulm55

newulm55 — Tue, 24 Nov 2009 18:43:43 +0000

Does anyone remember that aging document called the constitution of the US???? It expressly prohibits from making laws to target individuals or groups ala a windfall tax… but hey we ignore enough of the document these days I guess another volition is in the cards!

Plus, this recommendation is trying to fix the effect not the cause, the cause is give free money to bankers! Stop giving free money to bankers and let them FAIL!!!!! Then we won’t need a illegal win fall tax.

By: Andy T

Andy T — Tue, 24 Nov 2009 16:51:22 +0000

Curmudgeon. My thoughts and prayers are with you.

By: call me ahab

call me ahab — Tue, 24 Nov 2009 16:06:22 +0000

manny-

that’s the theory-

never said it would work (-:

also- good for you- re Black Friday- wish all would do the same-

to all- consider the following this Friday-

https://www.adbusters.org/blogs/adbusters/buy-nothing-day.html

By: easystreet

easystreet — Tue, 24 Nov 2009 16:05:41 +0000

Tax them is the only thing we should do? How about take back $ they made from the bubble before the mess hit the fan? Then hand them over to the pitchforkers! We need to prosecute or they’ll just keep the abuse coming. If all we do is tax them fees will rise.

By: Mannwich

Mannwich — Tue, 24 Nov 2009 15:54:31 +0000

@ahab: And don’t worry. I NEVER shop on Black Friday. EVER. I also do almost all of my shopping online. Think I’ve been to the Mall of America once or twice in 4.5 years here, and that was to hit the amusement park for my nephew.

By: Mannwich

Mannwich — Tue, 24 Nov 2009 15:53:22 +0000

@ahab: But you and DeDude are assuming (falsely, I would presume) that those dollars would somehow reach the middle and lower classes where it would actually be spent quickly to spur the economy. Knowing everything that we now know about our fearless leaders, how can we have ANY confidence this will actually happen? The bailouts should have been targeted at the minions and small businesses from the get-go. Why would it happen now?

By: call me ahab

call me ahab — Tue, 24 Nov 2009 15:49:01 +0000

manny-

dedude has a valid point-

but then again- so do you-

i guess dedude’s point is to take from the rich and give to the lower classes- because the lower classes will spend the money and not engage in reckless speculation-

but then we have to “buy” into the whole increased consumption model being the “right” model for gauging a country’s economic success-

in that vein- this Friday- after Thanksgiving- please consider the following-

https://www.adbusters.org/blogs/adbusters/buy-nothing-day.html

By: How the Common Man Sees It

How the Common Man Sees It — Tue, 24 Nov 2009 15:42:23 +0000

If anybody is following the Dec 21, 2012 thing did you realize that the date coincides with the expiration of the Fedreral Reserve’s mandate? It’s also 99 years from the creation of the fed almost to the day. The numbers just clicked for me today and I did some searching but as some around here would say: Only the tinfoil hat types have picked up on it