Trading Tax -- a Bad Idea Whose Time May Have Come - Up and Down Wall Street Daily - R. Forsyth - Barrons.com

Trading Tax -- a Bad Idea Whose Time May Have Come - Up and Down Wall Street Daily - R. Forsyth - Barrons.com:

"Another thought on the trading tax is sort of like the person who'd like to put a few more dollars in the tithing tray at their local, socially-conscious, distribute to the poor religious edifice.

Sadly, they've used up all the money had from their own pockets and the minor thievery, so now they have to find new pockets to pick.

It's not as though they might ask the populace to pay for the benefits they are so kindly bestowing. Because, frankly, the populace can't afford them. So, why not take it from their employers and their bankers.

Not to ask whether it will make it harder on the employers to make a profit or to keep their costs of capital down - but, heck, we can probably get the Europeans to go a long at least. They always have an extra social care expense they'd like to tax for.

But golly gee - if it isn't those free-market communists in Asia. They just don't get it. They should be taxing their businesses and we should make them have to give away the kind of benefits our masses clamor for.

Well, will they or won't they?????

Meanwhile, let's go see what bargains they have at Walmart!"