Me too.

Good way to move trading overseas to a less socialist country

Taxes are not tools for social engineering. This is exactly how our tax laws have evolved into the mess they are.

Common Man is right. The rich banksters shouldn't have to contribute anything. We should all be beholden to them and bow at their feet.

Good way to move trading overseas to a less socialist country

Yea! Because tons of other countries don't have transaction taxes-

Oh wait, we're in the minority. Seems to be happening more and more to our country. I'll file that one on the list next to 'nationalized health-care'.

Of course, it always sounds reasonable when someone else is paying. I'm sure every one of you deadbeats feel it's perfectly ethical and moral to take other peoples money to support your lazy asses.

Ooooo keyboard warrior. You are sure tough. I'm quaking in my boots.

Pure capitalism cannot work, just like pure socialism doesn't. The incentive to produce must be there but fairness must also be considered. If people were fair and reasonable, we wouldn't even need governments. Alan Greenspan believed, like is idol Ayn Rand, that the individual should be allowed to do whatever he wanted and that wealth implied responsibility and good judgement. Greenspan, at the end of his career, after the banking meltdown, admitted to congress that he was wrong. The people he so admired and trusted were human too and their greed had blinded them to the obligations that must go with the generation of wealth. His Wall Street buddies were not really all that smart, or honest, and had created a financial nightmare with their avarice. The market could not regulate itself as he thought for three decades. A lot more than this tax is needed but it will take time. If it doesn't happen, we will all pay the price. Pure capitalism is a dead end, just as pure socialism. The rights of everyone end where another's begin. Getting a perfect balance is impossible too, after all, we are just human. (not really all that evolved yet)

How many people in the US have a 401(k) that trades daily? You will now be taxing those investments as the brokerage firms handling the accounts will be passing on those costs to you.

Since the money to by the stock has already been taxed, why should it be taxed twice?

I trade all the time and think it's a good idea.

In the long run it's money that is taxed anyway. It's income and the company and employee's pay tax on it. This way it would come out right away and not be subject to tax evasion or right offs.

Zathros: Not everything has to be political. It's not about getting something for free. It's about tossing $.25 on $100. You pay a higher percentage than that on most ATM fees.

Here's a crazy idea (it's a bit progressive, but bear with me): Maybe the money goes to something we all use. I don't know...

Maybe I could drive down the interstate and not have to swerve around potholes at 70mph.

Maybe the money could go to fixing our jacked-up educational system that endlessly pumps out poorly-educated, entitled, ineffectual adolescents who believe they DESERVE anything they desire.

Maybe it could go to fixing the dilapidated infrastructure of this country. You know, those bridges you drive over every day? The infrastructure that delivers electricity (mostly subsidized by tax dollars) to your house, allowing you and I to make smarmy comments on the Internet?

Maybe it could go to figuring out how we can keep from thrashing the environment. Not so we can live without fear of contaminated water or food, but so our children and their children can. Stewardship is our responsibility to those who will follow us.

Or maybe it fund some research into figuring out why peoples' skulls seem to be growing so goddamned thick these days.

An outstanding goal for the nurses Union! But isn't it funny how the nurses are allowed to have a voice through their Union, but not the teachers according to almost ALL the Republican Governors? Maybe all the teachers in all 50 States should walk off their jobs at once. Let the elite do the job, since they think it's so easy. Then see how long that lasts, esp. when they start having to pay the taxes.

It's about time that the wealthy elite be taxed for everything just as it is for the rest of us, who were not allowed to buy any of the FB IPO for $38, which was reserved for only the 1% wealthy connected. Now is the time to stand up to the 1% and do not vote for them in any office. There are potential outstanding candidates in the 99% group. Encourage and support them , but not for the likes of Romney, who made his money by forcing companies to shut down and losing jobs. The U.S. doesn't need anymore of that. We need better paying jobs which the elite are fighting tooth and nail to keep at low wages, as well-as eliminate the minimum wage salaries, esp. the Republicans.

The only sin committed is calling investment and trading a sin. Really?!

@jmwhite - you pay gasoline taxes and use fees for the roads. So since neither the Feds nor the States are spending the money to maintain the roads what makes you believe they'll use the proceeds for their intended purpose? The feds have stopped managing both Social Security & Medicare as independent programs and threw the money into their general funds and now they need to figure out how to screw everyone that has paid into it.

when talking about taxing the rich it always amazes me that people dont see taxing the rich usually results in higher prices for the consumer! alot of Rich folks got and stay rich by being adept at passing their costs on to someone else! It also amazes me that even after worldwide economic disaster by governments of every stripe that anyone would trust their government to do anything worthwhile or useful with the money they usurp from us all! personally I do much better when the government stays out of my pocket I feel I am much more capable of handling my wellbeing than the government they dont do anything efficently! if all companies handled their services the way the government does they would be outta business or up on charges for illegal business practices. Im reminded of a cartoon I once saw of a large group of lemmings headed for a cliff one lemming says to another "dont worry it was a bipartisan descision!"

How about a 0.5% capital gains tax on union dues? Or a 0.5% import tax on transfers from foreign unions?

I agree with the Wall Street tax, but lets not limit the scope.

well until we stop spending trillions on the military and wars, until we stop givnig out subsidies to proftiable corps, until the tax rates can go back to where they were 20 - 30 years ago any argument about no more taxes is stupid.

We have a society to run, and the middle class and lower classes are being fleeced. Our retirement accounts and pensions have been heavily damaged, our healthcare costs have gone up dramatically, College cost are out of control. Nothing is being done to strengthen the working classes and EVERYTHING is being done to hurt us more and more

Money is useless if it's not being used for the benefits of society, and it is not being used ot build America, it is being used to build personal empires of a few

Amazing that a group of professional that get sign on bonuses and who make considerably more than the average worker has that much to say! Am I the only one who sees the irony?

@ freelyradical1

if that's the case then so be it.. this bending over and being afraid of the uber wealthy reeks of complete patheticness. Go cower in a corner, but I'm tired of the BS the uber wealthy and wallstreet corps get away with while the rest get kicked in the nuts continuously.

the fact is the costs will adjust to a price people can afford to pay.. Demand dictates everything. If they raise the costs and people decide they won't pay that amount then the company has to adjust... but bending over the way some people do makes me laugh a very sad laugh.

I absolutely agree, Don in MO. There's a lot of things that are wrong/broken with the system, and I understand that the things I listed aren't likely to see a penny from this increase. I just get tired of seeing people claim that any and all tax increases are going to support deadbeats. Political polarization is a disease in this country.

Until we can learn to pull our heads out of our asses and look around for once, nothing is going to change. We'll continue to elect narcissistic, sociopathic clowns to positions of power, who will then use that power to line the pockets of their friends and supporters. Money is one thing that should have been constitutionally banned from politics. It has absolutely NOTHING to do with the letter behind the "representatives'" names.

It seems the gullible that still think the rich are somehow paying little or no tax are also deaf and blind. Otherwise they would have read or heard the truth which is that the wealthy are the ones footing the bill for (by far) for most of what this government takes in income and all the other taxes.
This is a fundamental truth that rarely is mentioned because it doesn't fit with the radical left's agenda.

Can someone answer this one for me?

Every time there talk of even the tiniest tax, certain parties (look up and down this thread) scream that "it just come out of our pockets" so it shouldn't be done.

But when Jamie Dimon takes home $23 million a year and uses it for who knows what in who knows where, that's just fine? Seems to me that comes out of my pocket, too.

at dong work Im not afraid of the rich .....Hell to be honest I wouldnt mind being rich lol as would most on here I just think if we keep blaming people that succeed (the rich) and not calling to task the people who dont (our government) then our course will never change I know the rich influence the government to a large degree but isnt it their responsibility to say no? its easy to say the rich are the problem or even the government but in the end it all comes down to personal responsibility on all levels. we have descended culturally into its all someone elses fault, the rich are the problem, the government is the problem, this group or that group is the problem, well it would be nice to see someone for once say hey ya know I did this to myself but alas thatll never happen! so Ive decided all my troubles are the occupy movements fault ......hey why not they blame everyone else for their problems lol

“Our research shows unambiguously that higher trading costs depress the prices of stocks and bonds,” business school professors Yakov Amihud and Haim Mendelson wrote in a Wall Street Journal op-ed. “A transactions tax will end up punishing Main Street, hurting the economy and reducing U.S. Treasury revenues in the next few years. It will thus exacerbate the effects of the financial crisis.”

Yeah, because every "main street" business is publicly traded, issues stocks and bonds, and would be crippled by this. Right?

How many people in the US have a 401(k) that trades daily? You will now be taxing those investments as the brokerage firms handling the accounts will be passing on those costs to you.

401(k) plans are not traded daily. Period. The bulk of 401(k) elections are made to invest in the employee stock funds of the company that employs the participant, which does not trade...it's a direct investment. 401(k) participants have the options to invest in general stock funds, but rarely choose the high growth option and when chosen, rarely reflect more than 5-10% of the total investment strategy. The general investment funds almost always reflect 3 options, steady growth, intermediate, and high growth...none of which make trades on the market enough for any substantial costs to reflect for the participant, or fund managers. Not only that, but 401(k) participants have plan rules they must live by which restrict the number of fund trades they perform in any fiscal quarter (meaning from one stock fund to another). So no, it will not really affect people with 401(k) plans...nice try.

Since the money to by the stock has already been taxed, why should it be taxed twice?

So you're saying that it's okay to impose a hefty payroll tax for the poor, turn around and charge sales/use taxes on everything they purchase and pay for with their pay, but it's not okay to do the same to Wall Street in turn? Whose interests do you have in mind??

Why are taxes of this kind are good?

Think about it, what will be taxed next for this socialistic government?, and guess who does not see a penny of it - the People!

That's right, because we live in a nation without roads, buses, trains, light rail, commuter systems of any sort, water, power, educational systems, public health initiatives (such as disease control -- CDC), courts, police, national defense, street lights, sidewalks, parks, or anything. So sad to be living in a nation where the people see no benefit from taxation, whatsoever...I feel swindled!

There's nothing constructive about this idea. It's just revenge and bitterness disguised as policy. It's time for people to get over stuff!

Yes there is. It's about re-balancing the the division of wealth in this nation. Nobody got super-rich doing all the work on their own. The economic interests of this nation have long shortchanged the value of labor by the working class. Tell me, how do you see us solving this problem otherwise?

you pay gasoline taxes and use fees for the roads. So since neither the Feds nor the States are spending the money to maintain the roads what makes you believe they'll use the proceeds for their intended purpose?

You buy into the conservative movement's BS, effectively preventing the government from getting any real work done with the public funds collected. Tell me, you don't think the nationalized health care plan killed itself, do you? You don't think the federal interstate renewal projects killed themselves, do you? You don't think the states are ignoring the highways because they have enough money to do it on their own, do you?

Oh yeah, that's right...the President's plan for economic recovery focused on the renewal of federal interstates and state highways, which has been well underway for years...so your point is...

when talking about taxing the rich it always amazes me that people dont see taxing the rich usually results in higher prices for the consumer!

Yes, because we should bow down to our masters and refuse to act against them for fear of reprisal. Just a suggestion, look at commodities trading. The cost of an item isn't generally determined by what someone wants to charge for it, but what value the public assigns it through their purchasing power. The super-rich know this, and that's why they don't want us to raise taxes...they know it's the right way to balance economic disparity and they can't do anything in reprisal if we do it.

We have a society to run, and the middle class and lower classes are being fleeced.

Bravo! Excellent way to put it! I for one am tired of seeing all the idiots running around terrified that if we take collective actions to secure our own wealth and future, the super rich will find some way of punishing us.

You all need to ask yourselves one simple question: Are you bold enough to stand up to the crooks of this world, and demand that we get our fair share? If not, then step aside and let those of us brave enough to take this challenge step forward!

You all need to ask yourselves one simple question: Are you bold enough to stand up to the crooks of this world, and demand that we get our fair share? If not, then step aside and let those of us brave enough to take this challenge step forward!

The problem is the real crooooooks are the elected official we have to choose from every election year.

How stupid can people be. This wont "stick it to the banksters" this will hurt the retirement funds of the middle class. Theres already an indirect tax on investing and thats the capital gains tax. You want two taxes on the same thing? And you know the government is all for it. You'd blindly GIVE the government more tax money hoping it will help the poor little people in the ER. Then the govt will turn around and take that 350 billion to fatten the budgets of useless branches of the government...or god forbid beef up our military spending. The government already spends more than it takes in and you want to give them MORE? Idiots!!!!

This tax is not very well thought out and will end up causing a lot more damage than people realize to everyone. With this tax every time your 401K makes a trade you lose .25% of your money in that trade. This will rapidly eat away at people's retirement accounts as they lose this money on every transaction. This tax would also be applied to every trade, even when you are losing money on the stock to start with, adding insult to injury. If you want to tax people who make their living in the stock market then raise the capital gains tax or increase the tax on distributed dividends, but do not place a tax on every single stock transaction, regardless of whether the person is making money on the transaction or not. A tax like this will cause stock prices to drop and the trading volumes on the exchanges to decrease. These are not good things for the economy. It is also taxing people for investing money that in most cases they already paid taxes on. The idea of taxing profits is one thing, the idea of taxing transactions is something else entirely. The former takes a portion of the profit which is fine, the latter results in taxing the same money over and over again every time the stock it is invested in changes even if the investment lost money. This is a very ill thought out solution.

Realamericansfirst- you are quite right. And when brian roberts of comcast takes home his 23 million, that comes out of our pockets, too.

The problem is that Americans are bigoted and stupid. But we are an innovative society! We have invented perforations stronger than the sheets of paper they separate! We have invented a thousand code words to hide our bigotry and viciousness. Let's take personal responsibility: how about holding Brian Roberts' 23 million personally responsible for Comcast's outages. How about we hold Bush and Cheney personally responsible for lying us into the war to help Iran? How about we hold Jack Welch personally responsible for the many times GE overcharged the government and got caught and sued for it?

Personal responsibility is just a stick with which to beat the poor while the government uses the social engineering of tax policy to transfer an ever larger share of the country's income and assets to the rich. When it is suggested that the government stop doing that, the neo-fascists start screaming about the government playing favorites and using the tax for social engineering -- and the bigoted and the stupid believe it.

Isn't 50 cents of $100 .005% lost? The tax would be applied to the market makers and brokers as well. They already charge us anywhere from $2.99-$49 to make a trade anyway.

Another bad idea by people that have no concept of basic economics. The liberal solution is to just throw money at it. It never works. We spend huges sums of money on education and continually perform low on a global scale - might there be some correletion to poor education and lack of economic opportunity and the disparity between the rich and poor? LBJ was going to wipe out poverty with welfare and other government programs. Yet, poverty remains relatively fixed throughout several decades. The more of our money we allow the government to take the more it has to waste. And that is the one thing that our government does very well - waste and spend inefficiently. If a tax on trades is a good idea, then let's add a tax to everything. Let's start with a doctors tax - after all, look at the money they make. Also, a hospital tax - because hospitals make money too. Let's tax union officials because they make a lot of money and take advantage of the people they represent. Let's add a tax for government employees because they get great health care and retirement benefits. Let's add a Google key stroke tax and an Apple App tax. More brilliant ideas produced from our failing education system. Let's add a teachers tax because they have failed to produce world leading students.

Why don't we try this tax as a temporary measure, and see its effects after say 2 years to see what it has done?

It's actually an astonishingly good idea. In one go, it can cure most of Wall Street's ills, if implemented properly. Get rid of the Capital Gains tax and just tax the transaction when it happens.

Parts of Wall Street are necessary for a properly functioning economy. The country needs capital investments in long-term projects. More than half of our problems come from the fact that we are unable to plan for the future; we just look at the next quarter and that's pretty much. If you start taxing every transaction when it happen and cut the capital gains tax, you are benefiting the investors and you're hitting the day-traders; in fact, the longer the stock is held, the lesser the transaction fee matters, so you are favoring long-term investments - the longer, the better. That is exactly what we need to see happen if we are to have a properly functioning Wall Street.

Bryon - now there you may be on to something. That would definitely help the flow of capital which is absolutely necessary for a properly functioning enconomy. The transaction tax could even be higher than the proposed $.50. Regardless, Wall Street is not really going to pay the tax. It will be ultimately be paid by investors.

J Heron - when was the last time you saw any "temporary" tax. There is no such thing. Once in place it will always be there and it will always continue to increase over the years. In the state where I lived they passed a "temporary" wheel tax over 30 years ago to help fund road construction. It was only supposed to last for a couple of years. Surprise - it's still in place.

You pay taxes on every commodity your buy. Somehow, in the minds of some, Wall Street should get a free tax exemption.

You want to solve the deficit? A trillion dollars a day are bought and sold on Wall Street. Tax that like everything else.. 6%. See how quick you'll solve the deficit and get a surpus.

But, there are others that actually believe Wall Street should get a free pass and we solve the deficit off our safety nets. Let the billionaires go free and make the poor, middle class, disabled, and retired solve the deficit problem.

Just one more thing... there isn't enough money the poor, middle class, disabled, and retired could pay to get us out.

Then, we have others that doesn't want to take someone else's money just because they're rich. But, somehow in their minds, they're just happy as can be to take from the average guy. But leave those filthy rich people alone.

It would be different if the filthy rich paid their fair share, but they not only pay zero taxes, in most cases, they get a tax refund.

Next, we'll get a blogger on here telling me to stop sucking from the government teat. Nevermind the fact they have no knowledge of my income or even if I get any government assistance.

Go on, try to convince me that my 28% tax rate is fair while my boss payes 15%.

This is beyond pure ignorance, this is buffoonery. I am a retired guy, and just bought $5000 worth of Apple Stock for my retirement account. You think if I had to pay the government $250 that I would have bought that stock? You people are nuts.

I am not a "Wall Street" banker, I'm retired living off my savings, or what's left of them. Sell your insanity elsewhere, we all full up on here. I can not believe how easy it is to want what's not yours.

I liked Dustin's assessment, the thing that concerns me is the Nurses Union support. People need health care and thus need nurses and other professional health providers. However, there is a large tax burden, or health insurance cost burden because of unfilled mega hospitals, of which the nurses are the labor force, and the union represents the nurses. So my assessment is to get another form of revenue (tax) to cover the cost of having a labor force in underutilized hospitals ( empty beds ). The health insurance providers have limits on what they want to spend on individual health care, or can bill the health care recipient. The nurses were implied a promise they could find employment after graduation, and assumed automatic entrance into middle-class lifestyle, just as teachers assumed, or many other public (servant ) employees. Thus the interest of the unions to have tax dollars paying for the union dues, albeit indirectly.

But 50 cents on 100 dollars isn't very much. My concern is where the revenues raised would go to... to the making of another billionaire? I say whatever money is raised is the US's contribution to the IMF. Thus it could go to bailing out the likes of Greece, stabilizing the stock market and more money could be had by the IMF in the future. If the idea fails, well the IMF doesn't get any more money, so the IMF would have to form a working international policy if they themselves wished to survive.

When the banks and Wall Street realize they are in a leaky lifeboat too in the storm, maybe they'll stick their fingers in a few holes also.

Softdude,

Glad to see your calm voice of reason is still amongst us.

Those of you complaining the most proably have no idea how important the Stock Market to any countries survival in todays Global Economy. I find it interesting that the a lot of those Nurse's that are marching are getting big returns from their Retirement Accounts and don't even know it. This "Sin Tax" wouly apply every time you have a Payroll deduction for your Retirement Account, every time you make a deposit or withdraw any funds (even after Retirement). In order ot make money you have to have money, you can't just print it and give it away like O'Bama. WAKE UP PEOPLE, IF EVERY ONE OF THE 1% PAID 50% TAX, O'Bama WOULD HAVE THAT GIVEN AWAY TO DEADBEATS IN 3 MONTHS!! It is that 1% that allows the other so-called 99% to survive. That is of course you want to live in a tent like to OWC Crowd, but even they need the 1% to allow them and their families to survive.

JCB,

It would be $25 not $250. How much did you pay in brokers fee's to make the transaction? I pay anywhere from $2.99-$7.00

These guys make billions and billions off the backs of workers. The problem is not that they make the money as investors, the problem is how much they get compared to how much the employees. The least they can do it pay .5% in taxes, so at least those workers can get help with medical care. I mean, seriously. They make thousands times more than the people actually doing the work, the least they can do is pony up for their medical care.

"Heal America - Tax Wall Street"

A. Wall Street is not part of America?

B. Nothing like financial persection to promote healing.

C. Who will be robbed next when our financial companies move overseas just as manufacturing did?

"a spike in the number of children with adult diseases due to eating poorly because their parents can't afford healthy food"

So now the obesity epidemic is Wall Streets fault? Give us a break ignorant liberals.

If you can afford a car, you afford to pay the taxes along with it.

If you can afford to buy $5000.00 worth of stock, you can afford the tax that should go with it.

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Half of the nurses I see at the county hospital I go to NEVER perform any close to being even related to medicine. They are "form filler outers" who could easily be replaced by minimum wage clerks.

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Sounds good to me...you want to put your money into a capitalist machine that you magically expect to spit more money out than you put in....you deserve to pay the maintenance fees to keep that machine running.

I have been asking why this hasn't been done long ago. A small tax on MOST transactions would be good for several reasons. Everything you and I buy is taxed, why shouldn't Wall Street transactions be taxed? Especially in the commodity markets, taxing could tap down the wild swings we see which cost you and I more money, in the oil trades as an example, but even in the cost of a loaf of bread. It would bring in much needed revenues to pay for government, like the billions sucked up in the war machine (not to say I want the extra to go there but we could put it for infrastructure and health-care, pay off debt or any number of things).

There could be an exception or two, but I don't see why there should be. 401k's are not traded daily by the holder. They may be by the fund managers though. Those funds could go tax free or a much smaller tax. After all, it is taxed at full rate for most people when they get to start taking their payments back.

Another thing that should be done is for capital gains tax to be reformed. People say they are taxed lower because of the higher risk. BULL! They can carry over credits for losses so that takes care of that.

I would also suggest the inheritance tax to be reformed buy lowering the rate, only taxing the actual capital gains and then only on property valued at over say $10 million or so. (just a figure, smarter minds than mine could determine a fair point). Also allowing the tax to be paid over a number of years interest free.

Another reform badly needed is social security. Lower the rate to a combined say 7% but remove the ceiling. That would put a lot more money into not only consumers pockets, which would immediately hand it over to businesses, but allow businesses to lower their expenses allowing them more capital to expand to keep up with consumer demand. The 7% is just a figure, as I said, smarter minds than mine could come up with the figure better as they have all the information needed to determine the best figure.

I sure hope some sort of sanity will prevail soon.

To JCB-1236504

This is beyond pure ignorance, this is buffoonery. I am a retired guy, and just bought $5000 worth of Apple Stock for my retirement account. You think if I had to pay the government $250 that I would have bought that stock? You people are nuts.

I am not a "Wall Street" banker, I'm retired living off my savings, or what's left of them. Sell your insanity elsewhere, we all full up on here. I can not believe how easy it is to want what's not you

-------------------------------------------------------------------------------------- above is quoted for earlier post

After your statement above, maybe you should think more about learning to use math, rather than investing, as you can't seem to count. $5000 is what you claim you paid for Apple stock .. the tax imposed would have been $25 not $250. If you cant even understand ONE HALF OF ONE PERCENT you should not be investing money ... just saying.

Also many middle income Americans do invest and maintain IRA's and 401K's but, WHY do they let someone else make their choices of what to invest in and how often to change those investments? Do a little research and do the investing on your own or pay the big boys to do it and pay the transaction taxes more often. But for goodness sake use the brain you were given and take some responsibility for your own actions.

This type of tax would be good for all.

Have to wonder where this country is headed when, as the title states, making an investment is a "sin."

Before I want to see any kind of new tax I want to see Congress clean house of all the waste and fraud that are in programs now.

As far as someone's suggestion to try it out for a while, yeah right. How often does the gov't ever drop a tax once it's started. It just keeps going up. The more you give them, the more they waste.

1. This is NOT a tax on Wall Street - NYSE, Nasdaq, Financial firms, etc. like people think.

2. The way things in the financial world work this is really a tax on private and not corporate trades.

3. It is a tax on small investors, your retirement funds, and dividends (which many of the elderly live on!).

4. Stock trades are taxed now at the capital gains rate. (which is IMO too low for the ultra-wealthy)

5. The 1% will just do their trades overseas and the 50 cents will be paid by the 99%.

6. You watch, the ultra wealthy (many of whom are politicians) will be all for this tax because they nest their incomes into corporate entities, so they will walk away with even more from the 99%

What's wrong to tax 0.50 ct per 100 on Capital Gains as Taxes ,when you can pay much higher on brokerage firm fees on entry and exit ?.

Presently no tax are collected from the "Tax Dodgers "of "duped players"of PIC offshore backdoor.Time to Standardise all.

Want to see who this would hurt?

Lets look at a teacher or some other person with a pre-tax IRA who makes $35K/year. They have their pre-tax retirement of say $100,000 in a stock fund that does various trades per month. Each month that fund would lose $.50 for every $100 traded.

That would be $500 every month the fund rolled the full amount over, which aggressive funds can do. That would potentially be $6,000 a year the person would lose! THEN with the wording the dividends earned would also be taxed at $.50 per every hundred. It's funny that the nurses who have monies in pre-tax retirement accounts would be hit the hardest.

Simple, IF you want to tax the ultra wealthy then raise the capital gains rate for those with incomes over say $1 Million/year and STOP screwing the 99%

"If you tax the rich, the tax payers will pay". If you talk bad about the rich, the tax payers will pay.

Wow, I feel like this is akin to the rich pulling a knife and threaten the poor. If you do something bad to the rich, you will pay and pay dearly. What a great country we live in.

Half of the nurses I see at the county hospital I go to NEVER perform any close to being even related to medicine. They are "form filler outers" who could easily be replaced by minimum wage clerks.

Nurses are the vital, and hardest-working element of the health care industry. They perform all the manual labor, office tasks, materials handling, and materials preparation and much more.

You want to do that? I don't think so.

FYI -- Nurses only handle and update charts...medical transcriptionists handle the input of medical records and billing information. You have no idea what you're talking about...please do not comment until you do.

That would be $500 every month the fund rolled the full amount over, which aggressive funds can do. That would potentially be $6,000 a year the person would lose! THEN with the wording the dividends earned would also be taxed at $.50 per every hundred. It's funny that the nurses who have monies in pre-tax retirement accounts would be hit the hardest.

Aggressive funds represent a very small portion of the total sum of all IRA and 401(k) investments nationally. Small and medium-growth funds, even aggressive growth, make very few short-term investments. Day traders make short-term investments...investment funds that are supported by group retirement plans never make daily trades.

For the sake of argument here and ending all this retirement account hogwash -- my employer is the largest global benefit and retirement plan administrator. I can say with absolute certainty what few of you have even the most basic of information on.

5. The 1% will just do their trades overseas and the 50 cents will be paid by the 99%.

Right...because you can trade Google stock on the Nikkei? Get real!

Unless you believe that American companies will jump ship and relist on foreign exchanges, your hypothesis is totally incorrect. Trade on an American exchange, pay the taxes to do it. That simple.

i don't understand how we got to a point where people voting for others to pay more in taxes became the popular way to think. as if any money raised from your neighbor is somehow going to make you feel more secure in life. how about we stop looking to government to make our lives better, and just take care of it on our own? and stop with the "i can't" or "this guy over here is stopping me" BS attitude.

Dustin, What do you call it when the money is invested into a retirement fund initially? Doesn't that require a trade? That hits the 99%

The 1% can trade on any stock exchange that they choose and many actually do.

Don't kid yourself, the 1% have plenty of write-offs, so they will pay the same as now. How much did GE pay in taxes? Their lack of paying had little to do with not being taxed on stock trades.

Close the corporate loopholes and welfare and stop taxing the 99%.

Satanick "50 cents for every $100 dollars traded sounds pretty reasonable to me"

So an active trader that does 50 trades a year would have to make a return of 25% just to break even?

I agree with Common Man-3493893. It would just move trading activities overseas, where they don't have to pay the tax, and then they can hide the profits too.

The other thing it would do is cause a drop in the value of stocks, and wipe out another big chunk of people's remaining wealth, lowering any taxes on future profits. Anybody with a 401 plan would suffer.

"Penny wise and pound foolish".


It always sounds easy to 'raise taxes on someone else', but it usually has unintended consequences.

Nurses acting like OWS, nurses now braiwashed by their socialist leaders demand more taxes, joining the circus of protesters, looking for their 15 minutes of fame in the international news.

If all of you who favor this tax, think it won't effect you, YOU are dumb and blind.

Since we are in the mood for taxing, why not tax everyone who goes to a protest, let's say, .005% of their salary? The clean-up, the additional law enforcement needed, the EMS personel, after all, it's my tax money that is being spent for people who want to protest.

While we are at it, why not tax every mile we travel.. What's next, taxing the air we breathe?

The government can not manage the money it takes in and can't control the spending. But lets tax some more, lets play that class warfare card for all its worth.

Want to have fair taxes? When the 47% of the population that isn't paying income taxes start paying, then it wil be fair. To tax a certain class of citizens, it's just envy, might as well call it an envy tax.

You liberal trolls can spin this anyway that you want, but it is class warfare, plain and simple.

Todd Gitlin, a former leader of the 1960s-era group Students for a Democratic Society and a Columbia University sociology and journalism professor, said the Wall Street tax was an obvious focus for protesters.

"It's concrete. It might be winnable. It has global resonance because you've got … several national governments in Europe that support it," he said, noting that it clearly distinguishes between the 99 percent and the 1 percent, and had an "intrinsic fairness" about it. "It's a reform that rings sensible to large numbers of people but a lot of work has to be done… . Most people right now I think don't get it."

Heya Democratic Society (Socialist Weather Underground Unit) Gitlin, you just used a coined phrase from Mr. Obama....that is called plagiarism.

You, Mr. Gitlin......don't get it. The U.S. will NOT BECOME an European Socialist/Communist puppet.

gmac-1795415

You have it all wrong. People aren't asking others to pay more taxes, silly.

They are asking that they pay their FAIR share of taxes.

To all the people bashing nurses - you obviously didn't read the article

By the way not everyone can be a nurse - there is schooling they must pay for - same as our teachers - and all civil service people - have advanced degrees

Schooling is not FREE - little boys and the next time you are in a hospital for treatment - get up and empty your own bed pan!!!!

I have a grandaughter completing her physician assistant training - college grad - four years of intensive studies parallel to doctors knowledge - paid for by her parents - no loans available

All her education from toddler to present - $80,000 plus - plus

Doubt any of you nurse bashers could even pass the bed pan test

We should be taxing the unions. Add a 1% tax to all union dues collected. Clearly if 99% of the population feels like they are getting the short end of the deal, they should have no problem removing all the 'bad' politicans and policy makers. As a nurse, myself, with 20 yrs of experience, unionization breeds laziness. Just as the welfare system does. It promotes a sense of entitlement. "why should i work if i can nearly get as much staying home?" Instead of rewarding people for being idle to collect paymts, lets return to rewarding people to work their a@@es off and reap benefits. social programs should be reserved for those truely in need not the 50% of the population that think they are "owed" something. WAKE UP!

Want to have fair taxes? When the 47% of the population that isn't paying income taxes start paying, then it wil be fair. To tax a certain class of citizens, it's just envy, might as well call it an envy tax.

Hmm I wonder why 47% of Americans don't pay income taxes? Is it because they don't even make enough money?! Why yes it is. You are talking about taxing people who are barely making it by. You must not know anything about economics. Take a class. You might learn something, like you can't take money from people who don't have any. Traders can take a $5 loss from $1000 worth of trades easy. Most traders are wealthy to begin with!

You liberal trolls can spin this anyway that you want, but it is class warfare, plain and simple.

Yep, wanting the wealthy to support the country is class warfare. The middle class can do it all! The rich need to keep their money so they can buy golden yachts and another vacation home.

I hate the fact that a union of nurses are representing the whole......union and caring for patients' welfare does not reflect the nursing greed to "do no harm". I am a nurse.... they "union nurses" do not speak for me. I bet they do not speak for a majority of the nurses paying union dues.....just saying. Guess what? I know this will be hard for some to believe.....I'm not in the business of nursing for the money...it's a good thing too. But, I am able to support my family. I find my career choice rewarding bedpans and all.

To speak on the issue of taxes.....I don't see the reason to give more to the government to spend our way out of this mess.....there are a lot of social issues in our country that have needs....but, I don't think throwing money at them is going to fix the problems....we need solutions....paying higher wages to the teachers are not going to help the kid that is graduating from high school that does not know how to read...where are the parent(s)? Do they not play a large part of the reason behind the child's ability to read? I don't get it? they are wearing $150.00 shoes and carrying $250.00 cell phones.....somethings wrong with this picture....but, we are needing more money for these programs to help educate these kids.... lets remove them from their home environment and take the monies we are spending and send them all to boarding school.....would that help? but, we can't do that, that would take away their right of self-determination....the freedom to choose....so, lets just keep doing what we are doing.... "we need more money, please and thank you middle class America" Whew! I feel better! Geez! Where are the solutions?????? NO MORE TAXES!!!!! NO MORE SPENDING what we don't have!!! Let's give a hand up and not a hand out!!!

Stop mandating other people/government/corporations to fix problems with more money that hard work, responsibility, and accountability on part of the individual is part of the solution to their own problems. Lets stop the blame game and pick ourself up and dust ourself off and get a job.....oh, thats right...you don't want that job, you want to be the president of the bank without all the hard work to get there....

Cathy Irvine...How about we stop handing $12 billion to Big Oil? That be what you have in mind for the use of our tax dollars? I hate to inform you but the origination of taxes was to provide ALL of the people in this country with EQUAL services and benefits. What the hell else could be the reason we pay taxes? To have the corporations sucking off our tax dollars when they are already obscenely profitable? When the 1% get their tax cut while ours increase?

Sorry if that doesn't meet with the right wing idea that all American taxes must automatically be a safety net for the Corporate Welfare State and the 1% who think tax dollars must help their wealth increase while they make $2 billion stupid decisions like Dimon did. Or allow a rat to steal $65 billion over 17 years like Madoff.

Sorry darlin' but if corporations are going to tear up the roads my taxes pay for, they have to SHARE in the cost of repair. If corporations use 90% of government services and I barely use 1%, they have to PAY their fair share.

You can always tell a right winger from an American. Right wingers have the idea they can get just a little more privilege out of our tax dollars than the rest of us. YOu are not MORE equal. You are ONLY equal to every other American. You can all stop your ridiculous Privileged Character attitudes. We are NOT impressed. Not when our tax dollars have to pay for that.

Ewent.......no, I prefer to spend my tax dollars supporting the 30 kids the guy in TN wants the state to support...cause he can't....those big oil companies employ how many people in the US alone? I agree there are loop holes that need to be cleaned up....but, this lumping everyone together with special interest is BS.

By the way, I came from a poor family and I was a single mom putting myself thru college......without government assistance or grants ....I'am a little privileged....I live in a country that allowed me to make a decision to better my life situation with determination and hard work.... speaking as a tax payer myself..... it is never enough of what they take out of my check during the 12 month period....I alway seem to pay more of my fair share....25% last I figured....how about you?

If nurses are marching because they see what the economy has done to patients, just wait and see how much damage Obamacare does to their patients! Ask them what happens when you have to wait a year for medical treatment after a positive mammogram?

So WHO is really taking away women’s right to healthcare?

Ontario routinely doesn't cover PET scans for cancer patients. PET scans are more accurate than CT scans, but it currently is available only in clinical trials. Some patients go to a private clinic and pay out of pocket. They can usually be seen within a week. The median wait time for a CT scan, which is covered, is nearly five weeks.

Canadians wait an average of 18.3 weeks to receive the surgery that they need, according to the CBC News. For some treatments, the wait is considerably longer. Patients needing orthopedic surgery might have to wait more than 38 weeks, and patients needing neurosurgery might have to wait 27 weeks. Many cardiac arrests in Canada could be prevented by using an implantable defibrillator, but the wait time is so long, sometimes doctors don't even bother to refer their patients to get one.

WHO IS TAKING AWAY GRANNY’S HEALTHCARE?

Doctor Shortage Results in Physician Turning Away Patient for Being Over 55

Dr. Derek Nesdoly was advertising for new patients, but when Edith Paulus, age 59, called to ask about being a patient, she was turned away because she was older than 55. There are not enough doctors in Canada to treat everyone that needs to be treated. Nearly 1.5 million Canadians cannot find a family physician. Canada needs about 15,000 more doctors, yet there aren't even that many students in medical schools today.

Socialized Medicine in Canada

Free Care Leaves Doctor Shortages and Waiting Lists

http://voices.yahoo.com/socialized-medicine-canada-2885780.html

Now if you are rich and can afford to fly to the US and pay OUT OF POCKET, you can get good medical care, but TOO BAD if you are poor! Yeah, Obama, give us Obamacare!

FedupwithFed

Thats a nice right wing post you got there.

But, "Obamacare" is not socialized medicine. It is a mere bandaid on free market healthcare.

On that note, U.S. healthcare is declining.

http://www.gallup.com/poll/20335/US-Healthcare-Ratings-Slip.aspx

The U.S. is ranked 37th in the world and sliding. http://allcountries.org/health/usa_health_care_2008_nyt.html

But, I'll not get in the way of one's politics by beating them with facts. Go ahead and believe whatever you're told.

Sounds to me like both of you are arguing that Obama care sucks, just for different reasons. *shrugs*

Yep, Obamacare is watered down... alot. Thanks to the president's damn persistance for bi-partisanship.

But it is a start, which is more than one can say about republicans.

Right now, we need to repair the economy and get back on our feet after the terrific spending on these wars which have sapped us dry. With all the unemployment, the middle class was hit hard and the tax base we used to have is gone. We either have to raise income tax on everyone, raise taxes on wall street "earnings" or redefine tax "earnings" from capital gains to income to be paid at the higher income tax rate. There isn't a lot of wiggle room with spending because the majority of spending is either on military or social programs. Since the 8 years prior to Obama's election failed to MAKE jobs or return them to the US from other countries, and congress has failed to do anything that will help Obama accomplish his goals to restoring jobs, it doesn't look like the tax base will be back anytime soon - so we need the tax money infusion these changes will add. We the 99% are sucking up and paying our share, why can't the 1% pay more too. Later on, if we do get this straightened out, they can go back to their tax breaks, but right now, we NEED their help too. If they don't suck it up and help out the country, they may find a revolution on their doorsteps that will make all their wall street money obsolete. And yes, I'd be saying the same thing if it were a Republican in office after 8 years of a Democrat.

There is just way to much thought put into this. First off not all income is taxed most retirement income isn't taxed it is taken out pre tax. Those who say it will be paid by the consumer you are correct. Those who say we already paid taxes on it you are correct but you will pay your sales tax when you purchase items. This has nothing to do with moving wall street out of country as many other countries already tax this way. In fact we had that tax but our politicians dropped it. We pay more in taxes then most others it is time to get our priorities straight Reform tax laws simplify them and remove loopholes. look at the tax earnings the ones everyone wants to loose their tax breaks are paying significantly more then others who we say nothing about their tax breaks .

Dustin, What do you call it when the money is invested into a retirement fund initially? Doesn't that require a trade? That hits the 99%

You are not making a trade when you rebalance your investments from one fund to another in the same employer-maintained portfolio. Period. End of sentence.

No really. No, @!$%#ing really...it's not a trade. Period.

...got it yet?

Honestly?

Or do I have to repeat it for THE BILLIONTH DAMNED TIME!!!

ewent: you may never see this because it's been a while since I've been chatting, BUT, you are wrong with your logic. Corporations and individuals pay taxes to support the programs our government provides, whether it is education,defense, roads etc. The gov't does not tax in order for everyone to be equal. You are born with certain rights: life, liberty and the Persuit if happiness. If you wish not to persue the happiness, that's your personal choice. Those paying taxes have an obligation to provide housing and food for those who cannot or do not wish to better themselves. Nothing more, nothing less. Tax payers do not have to provide for cellphones, cable TV, tatoos, cigarettes, alcohol, cars, vacations, etc.etc. These items are up to the individual to attain on their own. And by the way, revenues from government taxes on oil far surpass those revenues of the oil companies.

How one earth do you think this will impact Wall St at all? That transaction tax will be passed on to YOU. You know: each time your 401K grows by $100 investment, each time your 401K fund buys/sells something. It would have the same effect as a headache tax imposed in hospitals charging $0.50 each time one of these nurses gave someone a Tylenol: it would end up costing the consumer twice as much as the original charge

It is not Wall Street that will suffer. This is the average worker who still has something left in his IRA or 401k....you know the money some of us saved so we can take care of ourselves? When my 401 k holdings issue a dividend and I reinvest it, it will be taxed? No,No, No! What will happen then at age 70.5 when you have to take a certain amount. Now I will pay as ordinary income and a transaction fee? Come on!

Lulu98, thanks for saying very simply what is true, people like me who live of their IRA's would be hammered, this has nothing to do with WALLSTREET and everything to do with us small investers who need this money to live on. They always want more of what is not theirs. This does nothing but terrorize the smallest investors that need their money the most. People with 401k's or self directed IRA's get ready to be butchered by ignorance.

Notice how MSNBC inserts the "Sin" tax label into the headline so the obedient sheep know immediatly how the are supposed to feel.

Apparently now financial transactions are "Sins" instead of the foundation of capitalism.

Did you see the record number on "sins" commited by people buying/selling Facebook stock today?

doesn't anyone realize that these are no regular nurses, they are union nurses and march lock step with all socialists.

Retirement accounts could be exempt.

It's always easy to support a tax on what somebody other than you is engaged in.

My reference to Wall Street was the effect on 401-k's, investments, etc. And yeah, we would take a hit. But if it started to bring the deficit down, I'm okay with that. It's called shared sacrifice.

Market volatility is a direct result of being able to buy and sell so cheaply. Add a transaction tax and we may go back to the days of buy-and-hold instead of insane computer trading.

@Annie, do you really think the money would be used for the specific purpose of lowering the debt? The government cannot keep separate funds designated for a specific purpose. Why would they with this?

Annie: Positive how? After spending a trillion dollars for "stimulus" and no jobs created why would you think that collecting this money would do any good. Besides, calling this a "Robin Hood" tax is very misleading and deceptive. Anyone familiar with Robin Hood knows that Robin and his merry men stole from the "government" officials who stole from the people with their exorbitant taxes. When you understand this, then you know that these nurses aren't very smart as they are advocating the exact opposite of what Robin Hood stood for. But, maybe it is only the liberal media that is using that term as a way of deceiving people.

Also, was wondering who is going to enforce this proclamation. Are the nurses going to volunteer to go into everyone's homes to make sure that they are eating well? Anyone who has dealt with welfare situations know that a lot of "poor" eating is a matter of choice. Heck, it's a matter of choice even among the wealthy. As a lot of liberal health care professionals like to point out, we have an epidemic of obesity in this country. Any idea how that came to be? I'll give you a hint, it has nothing to do with not enough taxpayer money being spent. It has to do with choices people make. It seems like we have a whole new generation that is glued to the internet (a lot worse that the "glued to the boob tube generation). Ever hear of a "pickup game" these days?

The fact is that government cannot solve peoples' problems. Making everyone poorer by turning more things over to the government and relying on them won't help anyone. Never has, never will. Just look at the last 3 years. The government is spending over a trillion dollars a year more than they did just 4 years ago. Are all these problems solved?

The negative effect wouldn't touch Wall Street. It would touch everyone that is in the working class who put money aside in a tax-free IRA or retirement. The 1% will pay the exact same amount as always because they have write-offs and loopholes put in place by our congress.

Annie...Wall Street won't ever bounce back. Everything has a limit and Wall Street has reached its limit. Now, the Wall Street high risk addicts have hit bottom and just like gambling addicts, they did this to themselves. They have no one else to blame.

They've turned American business into a gambler's casino that makes nothing, produces nothing and sells only enough to keep Wall Street in high risk investments. It's time Americans faced this. The SEC is useless to stop the corruption on Wall Street because the SEC is overrun with former Wall Street high risk addicts put in those positions by the geniuses of politics who for decades thought it was a means to control all American incomes.

Now that Americans no longer can trust a single fund manager, these boolah boolahs are suffering withdrawal symptoms of the grand mal seizure kind.

Mike...Wrong. The 401Ks were about to take a hit from Republicans in Ryan's Dream Budget. Now that it failed in the House by their own 4 Republicans who helped vote it down that still doesn't change the fact that over $3 trillion is sitting in 401Ks and the rich bois know this and see it as a huge waste of money they could better spend on high risk investments.

What is it you guys don't get about being snookered by Wall Street and its high risk games? Americans are not stupid. They will just pull out of those 401Ks when they can't see a long term investment with longer term ROI ...longer then the 30-second ROI the Wall Street fund mullahs are pulling off for fast cash for themselves using other peoples' money.

Hard to imagine a government so greedy.

Might be more reasonable is 401k trades were exempt. Tax the rich, not the poor slob who already got royally screwed when his company converted his defined-benefit pension plan to a 401k. Those depending on 401k for retirement will probably have to work until they drop! Give them a break!

Contributions to society? Taxes are contributions to govt. Shame people don't know the difference.

Thanks. I already pay enough.

Taxes are contributions the cost of living in a society. It is a shame people do not want to contribute. Investing is nothing more than gambling, and should be taxed similarly.

While they are at that why not tax a package of smokes an extra $ 1.00 . There are 30 billion packs sold every year. That's an extra 30B to go towards maybe healthcare for instance. Smokers are the biggest drain on healthcare every year. Maybe they should contribute something.

Funny, the bulk of the money that trades on the stock market comes from retirement funds such as the nurses retirements, lol. The remainder was taxed once already when it was originally earned before it was invested in the stock market. The tax will be a transaction cost which will be deducted from the gain on the transaction reducing the income tax effect.

Regarding the protest on "Dirty Oil from Canada", you want dirty oil from Saudi Aradia instead? It is the same quality. Transportation costs of oil through a pipeline from Canada would be much lower than by tanker from the middle east. Lower costs will help lower price of fuel.

@Minan, please tell me in detail how you save to provide for your future without "investing" ? Something that provides a return that beats inflation? Do you aeven have a saving? Better yet, to you have any earned income?

Smokers already pay some of the highest taxes % wise then any other group of consumers.

Smokers are the biggest drain on healthcare every year. Maybe they should contribute something.

Sorry, but you are wrong. Smokers now pay for the additional burden we put on the system, and then some. So now it's time for us to find out who the current "biggest drains" on healthcare are, and tax the daylights out of them.

"Smokers are the biggest drain on healthcare every year. Maybe they should contribute something."

Drains???

In case you missed it, health insurance is private in this country...

Idahoan-5169619 #3.7

And... much riskier. Imagine a pipeline bursting in our water supply. Naw, oil leaks never happens, right?

___________________________________________________________________________________

So, how much would gas drop if there was a tax on trading it? Think day traders that current jack the rates up would have a tougher time finding a buyer?

Commonman, the WAR department should be cut in half and make it back to a DEFENCE department. That is a good start to curtailing government AND industrial greed. The US has 4% of the total world population yet we spend more than half of all the worlds war and defence funds.

Contributions to society? Taxes are contributions to govt. Shame people don't know the difference.

Just as a side note, society would not exist without government.

Satanick...Who is paying for those roads you drive on to remain in drivable condition? Who pays for bridges and tunnel repair? Who pays for the glut of businesses who suck off taxpayers like an unweaned infant in billions in tax subsidies?

I hate to inform you but NO you can't have my taxes to make Big Oil more profitable. NO you can't have MY taxes to make you and your 1% wealthier. No is a wonderful word for those of us who are so fed up with your kind expecting to get off scott free without paying your fair share. But pay your fair share you will. Too damn bad if your fat ass salaries are taxed. Who told all of you to earn obscene salaries and then go around bitching about the higher taxes you have to pay? And no...that's not a penalty. That's just the "Haves" and their BS line to get away with paying their fair share.

Too bad hoarders and greedheads are soon going to end up wah wah wahing their way back down to earth. Was a nice Gravy Train ride while you all were on it. Sorry, train left the depot and there's not going to be another for the rich bois for a very long time. Get over yourselves.

Jeez, I was just making a simple statement that without government society would not be possible. I am against all of the stuff you listed. If you have ever seen any of my other posts on the vine you would now this hahaha.

American Socialist: Yep. Health insurance industry is a private industry making more than enough so that they can have one of the biggest lobby industries - hiring big names like Sarah Palin right out of her Governorship. The original health care reform was to make the insurance industry accountable for the thousands of people they insured and then decided they didn't want to pay for. Those things that they deemed "pre-existing conditions" or "not covered" were then dumped on the rest of the healthcare system to create an overload on charity hospitals. The people who can afford to "dabble" in stocks can also afford to pay for quality healthcare, and not the same healthcare the average working Joe gets. When you pay 200-500 a month for an insurance policy that covers practically nothing. Your wife gets pregnant and you are told you have to pay the first $5,000 in order to have the baby, and then your premium goes up another $100 a month after the baby is born. God forbid your child has any emergencies.

Chicago Police have been pretty professional so far from what I have personally seen here in Chicago. Infact, they have taken so much crap so far, and have only arrested a few people that really want to piss them off.

For example, on Tuesday there was a "F the Police" protest. It turned into "Kill the Police" and the residents of the Bridgeport neighborhood stood up in defense on the police and were ready to pounce the protesters. The Police didn't arrest anyone and instead quietly positioned themselves between the 'protesters' shouting F the police, and the Bridgeport residents that had dogs and lots of big guys.

If anyone is to get battered by the Police, they probably are looking for it, so it can make the front news all around the world. That way they can say that the US is a dictatorship and make our country look bad infront of our allies and enemies.

How would you like being called a "pig"!

Bob...I'd love to see 3,000 cops converging on these nurses beating them in public view. It would prove exactly what has become of the men in this country. That's why these nurses have nothing to fear and if the power of women is what we know it is, they will be joined by other professional women. The last time I checked the Constitution, the right to protest was protected.

Only right wingers and Republican men have the idea that protest by anyone is unconstitutional. BS.

ewent

Incorrect.

They have an exception. TEA party protesters are just fine bringing their guns to rallies. The right to protest is reserved for conservatives only. Side note: Check out the conservatives' stance on the 99%ers.

Everyone else are enemies and need to be stiffled. No to tax is the only one allowed protest.

More than likely the ones supporting this don't save a dime. They will hit retirement age and scream that social security is not enough so they will propose we cut the social security of those that did save so they can have more.

billooo...Let's see now...the Daycare McParents spend more on their McMansions then seniors EVER did. Then, they whine and complain they have to pay school taxes. So they suck up what's left of seniors SS to help the McParents whiners pay for their kids educations.

May I remind you and your generation that seniors NEVER earned the high ass salaries you guys demand to be paid? And by the way, won't continue to be paid which is why every hotcha Daycare Generation brat is screaming about "unemployment." Gee and with all of their senior citizen paid for college degrees, you'd think these McAdults would be self-sufficient enough to create their own industries by now? But when you all age out at age 35 unlike seniors who were expected to be "on our own" at age 18, what can we expect from spoiled, overindulged ingrates?

None of you need more than 1 vacation a year, tanning salons, happy hour every day and your Dolce & Gabbanas and Manolo Blahniks. Can't you people learn to live within your means the way all seniors have had to do? Or is it that you just refuse to give up all the cushy cushies you love to splatter around yourselves?

And it will go up and up and up! Just like SS taxes, gas taxes, and income taxes. The government will simply look at it as another cash cow.

Stop the spending!

THEN JUST LEAVE!!!!

oh poor Amy do you really believe greed is an exclusively american trait?! lol Dont like it here? .......go somewhere else ... like the old fella says the grass is always greener on the other side!

You do realize that there actually are people who have saved for a long time into their relatively small 401 k? Putting them in the same class as billionaires is absurd. Do you really think the guy whose defined benefit was converted to a 401k has too much?

The only certain things in life may be death and taxes, but for as long as we continue to be taxed you can be certain that some Americans Corportion will go to ridiculous lengths to avoid paying them. Whether they're blatantly exploitative or just laughably inefficient, the numerous loopholes in America's various tax codes are costing our state and federal governments millions of dollars every April

Best you get dual citizenship either Australia or Canada first,Then get Singapore PR if you have the talent and skill,as the Jobs is plenty over there,its best for you from returning to another sinking ship, forget about returning to US if they can't help you out temporary.

When a rat leaves a sinking ship, do not despise the rat, he is being smart. But the ship is still sinking and we are angry and want to punish the rat.

Smart Alec once said "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia."

Recently, Mr. Eduardo Saverin,renounce his citizenship,Im sure,he will enjoy his financial success more in Asia than in Yankee Doodle Land.Saverin, a Brazilian-born resident of Singapore.

The United States has become such a sh1thole, it is a wonder more people don't renounce their allegiance to this country. The tax system sucks. The healthcare system sucks. Education sucks. The mortgage system sucks. Immigration sucks. Our political system sucks. The "American dream" has been reduced to financial pursuits, nothing more. It is easier for an immigrant to get a job than an American.

Yes, I hear all you GOP morons telling me to leave before you say it. I hear you telling me that we have it better here than in most places. You're right if you compare us to the third world. But, if you compare us to the bulk of Western Europe, Scandinavia, Canada, Australia, and New Zealand, you're wrong. In those places, people report better health, greater happiness, and have much higher educational standards and social support systems.

Yes, I hear all you fearful, brain-washed GOP morons chirping about how all those other places are run by socialists and how I should take my "commie" butt over there if I love it so much. Rather than blindly defend the US, why don't you pull your head out of the propaganda and get educated first?

Check out the PISA report on education. Places like Singapore (and all the places listed above) kick our butts in education. [just by the way...a little FYI]

Did I mention that the USA is a dump? Did I mention that our system is badly broken? Did I mention that most politicians are bent on lining their pockets instead of serving the people? And, for the last time, if you want to defend America, PROVE how it.

Amy - you should probably head on out. there are lots of places out there that are more suitable for you than here. Take Jack with you, sounds like he has had enough too. Since it sounds like neither one of you are capable of taking care of yourself, you should look for a more involved big brother to help you. It will all be fine. Please don't worry too much.

Gmac-1795415-reading your posts is like eating liver, it makes me vomit.

its still not to late to pick a better location. This statement seems all to common, but yet, i am not aware of anyone that has actually carried it out. I do agree that the status of the current situation is pathetic, but we then must act at the polls and not just sit and whine about it like i would guess probably encompasses half of the posters on here. I vote regularly and encourage everyone else to do same. AND I dont want to hear from anyone that their vote doesnt count. IF you dont vote you shouldn't complain.

And lets see real cuts, not just budget shifting and reductions in future spending.

The problem with cuts is that they always want to cut areas where we need help the most. Health care, education, social spending (so kids don't have to live on the streets), etc.

mixedpie: People only care when cuts are made to programs that "benefit" the poor. Study, after study, after study, after study has PROVEN that most of the programs benefit very few of the people they are meant to help.

In addition to gradual cuts to such wasted efforts, the criteria to evaluate participants AND outcomes should be enacted. Some of those funds could be shifted to programs that actually work for the greatest number of people, most often.

Waste is waste, regardless of who benefits from it.

Do the elite really care about the kids living on the street? Are they possibly raising the college tuition fees to eliminate some future competition with the 1%, to hold back some future leaderships in public office, to keep control of who receives the higher education, etc., etc.???

Mixie, those are the areas that have grown the most in spending and therefore would need cutting.

Can you tell me what the federal level spending on education has done to improve classroom performance?

My recommendation is that the entire budget be cut immediately by 10%.

Spending cuts are necessary, however, the cuts shouldn't come from the service the government delivers but from the operations that deliver them. The government seriously needs to clean up the way it operates.

We play with expensive missiles like their toys, the mega rich and corperations have bought our government, they refuse to pay their fair share, and you all bitch about cuts??

Wake the f*ck up

ralph396-2103787

Its already started on president Obama watch,,

2012 start with 1.3 trillion cut,infact obama wanted it to be 4 trillion cut- for decade.Tthe lowest Budget since 50 yrs but GOP rebuttal and rejected it,because they defense the 1% benefits, as it will effected their sugar daddy too.

Duh- they are! You obviously have never had the dismay of watching 50% of a bonus or overtime check get snatched away to govt coffers.

Your comments demonstrates way more emotional outburst that logic.

Angel, what do you think "Income Tax" is? Those bonuses are taxed as ordinary income.

Nice one!

Um no...

Investing is a race track where dumbasses bet on corperations, you lose money in the market, it's you're own damn fault, dont come crying to us when you're a broke-ass asking for a hand-out.

HAHA! Only American Socialist is allowed to ask for a hand out? Perfect hypocrite!

No d1cksmoke, I work for a living and actually save my money and live within my means like a normal person.

When did I mention myself asking for a handout?

Pay you're taxes and STFU :)

implying that i am gay, right? shouldn't being a commenter on this website mean you are a defender of gays? and i do pay tax, a lot of it. that is why i refuse to STFU.

HOW THE RICH CAN NEVER PAY THEIR PERSONAL INCOME TAX?

Typically,they fund their lifestyle through lines of credit and loan proceeds secured by their assets while paying little or no personal income taxes.

People around the poverty level pay no taxes at all , in fact if they have children they get the earned income tax credit ...REDISTRIBUTION .

Many of us who got an education and a job years ago have lived well within our means and paid off a house, sent a child to college, paid for 2 parents to live in nursing homes for several years, and learned how to care for our money so that we could care for ourselves are just a tad sensitive that others never stop looking for a way to make us pay for someone else who never took care of himself or planned ahead.

I agree!

If you are not bothered by such a tax, they feel free to pay that tax. The US Treasury allows you to pay directly to them.

Thanks, MCB.

The point he is trying to make is, not everyone invests...some of us actually just save money like normal people and not throw it in a magical account where we expect more money to magically appear.

I do both. And it is not magic money. He was not excluding investing.

I pay enough taxes now it's the rich people's turn to pay their fair share. Example Facebook will get a 3 BILLION DOLLAR TAX BREAK. Who the hell you think will pay for it. You guess it the working class.

So F the 1% who pay public officials to put tax laws on the books for corporations, millionaires and billionaires. F - N them. Tax the @!$%# out of them and if they run to another country to avoid taxes ban them from coming to the United States were they made the money in the first place.

What is "their fair share"? Should it be $0.40 or $0.50 or $0.60 out of every $1.00? If you state "fair share", you really need to be able to quantify what that is and know what is being paid by whom now. Do yourself a favor and look at who actually pays the income tax at the federal level.

Sure run out the wealthy, so they take their wealth to another country; right? That is what you are saying isn't it? That is ridiculous. The tax base would go right in the tank. Just ask NJ when they tried it. Growth would really go in the tank in this country and we would end up a Socialist nation for sure with zero job growth or prospects. Like it or not many wealthy folks provide good paying jobs to those that have worked hard and wanted an opportunity.

Running out the wealthy is a pathetic idea!

The wealthy will never take their wealth to another country. They have it too good here. This is the only nation on Earth that taxes them so little and gives them so much.

The only reductions in government spending should come from military spending. That alone exceeds our annual deficits. We could cut our military spending by 95% and still have the costliest military on Earth.

Ginny-3289933

I think this tax Loophole is more Nutty then the Cows itself, You as the herd.

We can HOPE that the Willard, will to talk to Florida, how to saves the Florida State taxes ! Nay I don't think so he CAN,since he's sharing the bed with Corporation.

A 1959 reform to Florida's property tax codes dramatically lowered the rates for "agricultural" land in order to encourage more farmers to work within the urban-sprawl-ridden state. However, a loophole in the law meant that anyone could legally qualify their land as farmland by stocking it with a few cows. As a result, the Walt Disney Corporation and Florida's other major landowners have found a way to collectively dodge $950 million a year in county taxes by hiring "Rent-a-Cow" ranchers to let their livestock graze on soggy lots and acres of carefully-mowed grass.

Even celebrities like Tom Cruise dodge property tax on their vacation homes by letting a few sheep hang out on the lawn. Though several attempts have been made to close the loophole over the years, they've been crushed by Florida's agriculture lobby every time.
Even with the Bogus "High 35% of Corporate Tax",The End result in April,always the 1% paying almost nothing if to compares to average working Americans.

Because they have been so incredibly successful so far. No agenda other than "1% bad" and "I want free stuff". The nurses, though I disagree with them, have a clear, cogent argument. Don't rain on their parade by wishing the hapless OWS bunch on them.

It's not reckless spending of the government. It's the bush tax cut of 2001 & 2003 that is the biggest driver of our debt. If you ask any repuk you would get the answer government is overspending.

Did you know we fired more government worker in three years than we did when bush was in office for 8 years, while giving rich people tax cuts?

I want you to vote for the Paul Ryan Plan so your grandmother can shop around for medical care with a voucher. Guess who will pick up the rest of that tab. "YOU" out of your 50K a year job.

cutting the debt has to be a balance approach. Not cut all spending for everyone and no taxes for the millionaires and billionaires. Like they create jobs. That is a lie and we have 30 years of proof to back that claim up.

Solutions539 I don't know what conspiracy website that you get your facts from, but I must tell you that it is quite amusing!

Your ignorance is palpable!

Extreme right wingers and extreme left wingers are what makes this country want to vomit. It's sad really because they always seem to get the press and the rest of us have to put up with the nonsense.

Joe Public and others, I see a lot of off the top opinions, but no facts. Even back in the 1950s my father as a farm laborer paid more income taxes on his meager earnings - than did the owner of the farm - on his entire enterprise. Don't lay out the crap about who pays the taxes on a relative basis. Of course the 1% pay a higher total of taxes, since they own about 95% of tax producing investments and asetts. Comparable European and Asian countries already have such trading taxes. I don't hear a lot of your screaming regarding investment tax credits, why not would negative investment incomes (ie short sales, etc.), carry an equivalent negative investment tax penalty. Oh, I know why - because the whiners would whine. A slight tax ( 1/20 of 1%) 5 cents per $100.00 on long trades, and a larger (1/2 of 1%) 50 cents per $100.00 on short trades would be passed right thru the system and wind up being treated as a cost of business - just like all overhead expenses, sales taxes, etc. My father worked hard to make sure his family would have it better than he. He did not whine about taxes. His children (including myself) do have it better, and we don't whine about sharing. Quit whining, and "buck up" and do the right thing for a change.

@solutions. Yes I want to pay more taxes instead of limiting government spending. After all it is only fair to pay for the GSA conventions at fancy hotels in Reno. Need to send them to Hawaii, too. We also need to build more ships and planes that the military does not even want. Or whatever stupid earmark any one can dream up.

@jmwhite540 - thanks for your comment. I agree. Right now both sides are going to have to learn that our situation requires everyone to relent on their demands. 50% of wage earners pay all of the income taxes, 50% of wage earners don't pay any income taxes - both of those groups do pay payroll taxes for social security and medicare - ostensibly for future benefits. And then there is a portion of society that aren't wage earners. Everyone has to sacrifice - and our hard problem is defining what everyone's fair share is. But it can't be one sided.

For those who complain that this will be a tax on their 401k, guess what? when you withdraw they will tax a heck out of it! Yeah you put money in your 401k tax free, but only because they are waiting for your money to grow so total taxable amount also increases and the government gets a bigger cut.

GO NURSES! Next we need legislation to control how many patients we receive. I am looking at 20 - 30 patients in Miami, FL during one shift. Many with trachs (tubes to breath through their throats which need to be suctioned in order for them not to die, every shift), feeding tubes and I am supposed to give all of them their due meds within 2 hours (1 hours before/1 hour after) of them being due. It is unsafe and impossible unless I don't read the labels and don't practice safety (like wearing gloves, washing hands ect)!!!!!

Don in MO...You are sooooooo full of "it". 50% of wage earners don't pay taxes? Explain please how 50% of us in this country work 2 or more "uniquely American" jobs to cobble a living wage together and then those wages are not reported by our employers?

Dream on Teenage King....You men are soooo full of it today, it's coming out your ears instead of your anal cavities. You all BS and BS and BS because your generation are those spoiled, overindulged autocrats who think you can live and exist to tell others what to do. More BS.

If you think American women are just going to stand by, while American men in this country eff it up, think again. Not going to happen. I congratulate these nurses for doing something the cowards men with raisins where nuts belong won't.

Rich bois are going to suffer their losses because they think they can just use the rest of the country like a cash cow from which milk flows eternal. Think again oh Cowardly Grand Pubbahs of Uppercrust Hubris. Your Gravy Train ride is over.

You guys can't control yourselves? The women in this country will do that for you. Big Babies wah wah wah...sorry the nursing bras are buttoned up and it's an official weaning.

ewent you big moma, can you see ya toes? Put that donut down and bounce around.