Insanity Alert – Brace Yourself For Pure Progressive Preposterousness
I really don’t even know where to begin to describe just how insane one has to be nowadays to be in Congress. I know people like to portray some who believe in freedom and limited government as crazy, but this crap is straight out of the economic suicide handbook (aka Stalin’s)
Democrats push $150B stock tax on Wall Street
A House bill still being drafted aims to raise $150 billion each year to pay for new jobs.
Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25 percent tax.
The bill, a copy of which was obtained by The Hill, is titled the “Let Wall Street Pay for the Restoration of Main Street Act of 2009.”
That was where my BS meter went off the scale.
The people running this country right now are absolutely insane and incredibly dangerous.
Government is a parasite on the economy. Taxing (confiscating) $150 BILLION a year out of the stock markets is going to remove $150 BILLION out of the businesses that make up the stock being purchased, traded, etc. Thus the tax will cost jobs or raise prices, either way, it will; be a net loss for the economy.
We need to get these dunderheaded Progressive bums out of office before they actually do make good on their threats. (destroying America)
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