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Topic Title: Taxing Financial Products
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Created On: 05/23/2016 07:51 AM
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 05/23/2016 07:51 AM
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jdbman

Posts: 12159
Joined Forum: 07/28/2003


from John Savercool UBS
Financial Services Issues
"Taxing Financial Products. Senator Ron Wyden (D-OR), the lead Democrat on the Senate Finance Committee, is proposing a new tax regime for derivatives. Under his proposal, a single set of rules for derivatives would be established through the application of ordinary income tax rates to an annual "mark to market" recognition of gains. The proposal is a work in progress, and its introduction is designed to provoke input from impacted parties. While the bill won't advance this year, Senator Wyden is in a strong position to push this issue as part of broader tax reform legislation in the coming years, especially if he becomes chairman of the committee in a possible Democratic takeover in the fall."


Hey 3rd,

This is a follow up for issues you raised in another thread.......

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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.
 05/23/2016 08:03 AM
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RustyTruck

Posts: 33300
Joined Forum: 08/02/2004

That's how Bernie plans to pay for college for our children. Good move in my opinion.

And it ought to get the piggies squealing.

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 05/23/2016 08:13 AM
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3rdworldlover

Posts: 22495
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yes, baby steps
 05/23/2016 08:15 AM
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johnnyboy

Posts: 25071
Joined Forum: 07/22/2003

I see no downside.

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"One of the reasons why propaganda tries to get you to hate government is because it's the one existing institution in which people can participate to some extent and constrain tyrannical unaccountable power." Noam Chomsky.

 05/23/2016 08:25 AM
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tpapablo

Posts: 43831
Joined Forum: 07/25/2003

Yep, raising taxes solves all problems. Very astute, progs.  



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 05/23/2016 08:52 AM
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RustyTruck

Posts: 33300
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Ah, the squealing begins.

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 05/23/2016 09:14 AM
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johnnyboy

Posts: 25071
Joined Forum: 07/22/2003

Taxes pay bills. That's lost on trickle downers. You GOP types think wealth creators should keep every dime, pay for nothing and claim you are indirectly providing for everything by being prosperous.

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"One of the reasons why propaganda tries to get you to hate government is because it's the one existing institution in which people can participate to some extent and constrain tyrannical unaccountable power." Noam Chomsky.

 05/23/2016 10:06 AM
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tpapablo

Posts: 43831
Joined Forum: 07/25/2003

No, we think the federal gov't should be funded to the extent necessary for it to fulfill its core constitutional duties and, otherwise, it should stay off of our backs.

Progs believe that the gov't is always right, is free from corruption and always has our best interest at heart (unless it is being run by a Republican, in which case it is always wrong, rife with corruption and is out to screw people). I'd say my take is the more valid one.



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I :heart; Q
 05/23/2016 10:39 AM
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3rdworldlover

Posts: 22495
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Whose definition of core constitutional duties, Captain Constitution's?
 05/24/2016 12:03 PM
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worksuxgetsponsered

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I'm surprised this hasn't already been done to be honest.

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Specializing in sarcasm and condescending rhetoric since 1971.
 05/24/2016 01:24 PM
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3rdworldlover

Posts: 22495
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Won't happen, they write the law
 05/24/2016 01:44 PM
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RustyTruck

Posts: 33300
Joined Forum: 08/02/2004

Bernie and Liz would tax 'em. Maybe not hill dog.

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 05/25/2016 04:55 AM
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Cole

Posts: 68176
Joined Forum: 07/22/2003

-pay for nothing and claim you are indirectly providing for everything by being prosperous.



Perfect description and 100% accurate, yet they still fight tooth and nail for trickle down.

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I was right.
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