That bump on my head is from beating it into my desk!
Surprise surprise, more short-termism out of Washington:
http://thehill.com/homenews/house/69295-dems-push-wall-street-150b-stock-tax
How can anyone possibly think this is a good idea except the orgs that put money into these pols' campaign coffers?!?
The comments following the article are the most instructive. Of course it will trickle down to the common man! You think Street trading firms are going to feel this? As painful is the crutch of "Buy and Hold" investing that these pols lean on. If the person watching your money over the last 24 months was not trading in a tactical manner knowing the macro backdrop, then s/he was doing you a disservice!
If you live in the state DeFazio or Perlmutter represents, please question their thought process and just what they think they are going to accomplish. If the foresight is that low concerning this tax, there can only be more trouble on the horizon.
-2outof4
Subscribe to:
Post Comments (Atom)
Posts
Some Democrats reading 2outof4:
ReplyDeletehttp://www.politico.com/news/stories/1109/30015.html
-2outof4