>the introduction of a financial transaction tax dedicated to all economic security payments (that is Social Security, Medicare and Medicaid, Unemployment Insurance and other forms of public assistance). Such a tax will address two of the biggest threats to our continued economic health: the federal debt and the growth of entitlements.
thehill.com
Taxing welfare to fix the national debt
Jordan Long
Other urls found in this thread:
en.wikipedia.org
archive.is
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whitehouse.gov
archive.is
youtube.com
marketwatch.com
en.wikipedia.org
twitter.com
Asher Lee
Fuck off. Trump is going to end the central bankers and wipe away the debt because DEBT ISNT FUCKING REAL.
Jason Robinson
>taxing welfare
Or, I don't know, how about we just stop paying welfare altogether?
Nolan King
en.wikipedia.org
Even though the tax on fixed-income securities was much lower than that on equities, the impact on market trading was much more dramatic. During the first week of the tax, the volume of bond trading fell by 85%, even though the tax rate on five-year bonds was only 0.003%. The volume of futures trading fell by 98% and the options trading market disappeared.[1] 60% of the trading volume of the eleven most actively traded Swedish share classes moved to the UK after the announcement in 1986 that the tax rate would double. 30% of all Swedish equity trading moved offshore. By 1990, more than 50% of all Swedish trading had moved to London. Foreign investors reacted to the tax by moving their trading offshore while domestic investors reacted by reducing the number of their equity trades
As a result, revenues from these taxes were disappointing. For example, revenues from the tax on fixed-income securities were initially expected to amount to 1,500 million Swedish kronor per year. They did not amount to more than 80 million Swedish kronor in any year and the average was closer to 50 million
Reminder that leftists were responsible for destroying Venezuela and literally did not understand (and still don't understand) what they did wrong in terms of economics. Also, sage.
Oliver White
It's like the old english king, taxing welfare. Pretty soon they will be coming for the food in your cupboards.
Carter Green
That is for taxing financial transactions for securities and bond trading. I highly doubt poor/old people on welfare or Soc Sec will be moving anywhere to protest the tax.
Dylan Adams
It would be the greatest example of a regressive tax
Blake Peterson
Luis Thompson
this. fuck the jews and anglos.
Austin Collins
countable.us
>More than $297 billion went to paying interest on the debt in 2016, and that number has risen to $316 billion this year, according to the Congressional Budget Office (CBO). By 2028, debt service is expected to cost $915 billion ― considerably more than the U.S.’ 2017 military budget.
Robert Baker
Robert Stewart
Tax the gibs that are collected through taxation..
taxception.
...
Why not just reduce the amount paid out rather than adding a whole other layer of retardedness?
Henry Morales
the whole point is so that the FED gets its hands on the already 'created' money.
Carter Barnes
Instead of Indian giving the money from the treasury to niggers and taking a bit back, why not just not give it to them in the first place?
Wyatt Myers
Soc security, unemployment and medicare are already funded through payroll taxes. This is another way for the Fed to tax the working people.
Levi Ward
this idea has been around for some while now. just a very small tax on each and every flash trade would haul in a shitload for the Treasury.
Logan Wood
Who do you think does the trading?
Noah Wright
An awful lot of those funds are actually in IRAs and 401Ks, and the fees would come out of their accounts. The tax would devastate the accounts, and the stock market. The government would also, after crushing everyone's investments, increase the tax percentage, and expand it to other types of transactions to increase their take .The Tobin tax is one of the worst ideas I have ever heard.
Samuel Gomez
Oh no we can’t risk saving too much money
Lucas Parker
the article is not about securities trading it is about taxing a tax (in this case payroll taxxes, such as soc sec, unemployment and medicare). It is just a way to steal more money from people saving for the future.
Camden Reyes
So I'm already taxed to pay for these bums, and the government wants to take some?
Sage this gay shit.
Brody Wilson
Why don't they just give people less welfare?
Caleb Bell
>The Tobin tax is one of the worst ideas I have ever heard.
On the side, a financial transaction tax on securities trading would slow short selling and spoofing, leading to a more long term investment strategy in the market.
Aaron Garcia
But then how will white people buy meth and camaro parts?
David Martin
Jeremiah Harris
This is what happens when you get your information from memes.
Nolan Gray
>The tax would devastate the accounts, and the stock market
prove it.
Thomas Reed
also, soc sec, unemployment and medicare are all funded by payroll taxes, so they really shouldn't be under 'entitlements'. Welfare.... food stamps, rent assistance...these are examples of welfare, not programs that people pay into via payroll taxes.
Christian Williams
>Taxing handouts of taxpayer dollars to fix deficit.
Jose Baker
>be on imageboard inhabited primarily by NEETs living on autismbux
>lol fuck wheel fair rite guise
Asher Young
Nicholas Foster
Getting rid of welfare would fix our national debt. 70% of it goes to bureaucracy anyway, and the rest goes to shitskins and degenerate whores.
Lucas Howard
What should be done
1-CALCULATE all income tax, also housing tax, inherance tax... and save this value.
2-REMOVE those tax, they wont be one cent, or 10 cents or 0.00001%, they just wont exist, like a breathing tax dont exist and you dont need to calculate how much you breat to them tell the government
3-Put those taxes at Excise/sale tax
Noah Flores
You can't tax social welfare; you can only cut it. Any purported tax is really a cut. Although, if I were on social welfare I would demand a raise exactly equal to the proposed tax, so that my social welfare money would be exactly the same after the tax as before.
Justin Lee
>so that my social welfare money would be exactly the same after the tax as before
It is the Fed's way of decreasing the public's purchasing power. The name of the game is to keep indentured servants, regardless of who they have to rob.
Lincoln Smith
what kind of fucking kike bullshit is this? you get charged to fucking withdraw money from your bank account?
Jordan Smith
me, you fucking nigger
Cooper Parker
Welfare was gutted over 20 years ago. A lot of programs don't even give recipients enough to matter much and many continue to live in poverty despite aid and poverty has only risen in this country since while it's decreased everywhere else in the world. Restrictions on eligibility make it so a lot of people who could use the help can't get any. It's also mostly white people using those services btw, niggers may be overrepresented per capita but the majority of them don't receive welfare.
James Jones
Is this on top of capital gains tax?
Tyler Hughes
Owen Ramirez
what do they get then?
Ayden Morris
>In America, a bank withdrawals tax of two to three percent of all bank withdrawals paid by individuals and businesses alike and collected electronically, across the board could raise enough revenue annually to pay for all economic security.
Sounds like this would reduce the velocity of money which is bad for the economy. Unless. of course, everyone goes back to cash or uses crypto to avoid paying the tax.
Hudson Cruz
the proposed tax in the article is NOT about trading securities/bonds. It is about a tax on a tax (payroll taxes like soc sec and unemployment tax).
Liam Wilson
I'm not against some tax for certain types of trades if it got rid of some of the wallstreet kikery like HFT.
High speed trading jews wouldn't even exist if they had to pay what regular schmucks pay at discount brokerages.
Of course, if there was a way to have the same outcome without a tax, I'd prefer that.
The thing about taxes is that securities exchanges will just setup special contracts and system to skirt the strict legal definitions. For example, if there was a law that you had to own a stock for minimum 24 hours before selling, traders would just use single-stock futures instead which are only agreements to buy/sell a stock without owning the actual stock. Another way around it is using multiple shell corporations operated on by the same trader. Again, just an example. It's very hard to make laws that work indefinitely, you'll always have to chase after the jew.
Justin Brown
>too dumb and gay to realize that current camaros shit on cars 2/3/4/5x their price.
Michael Johnson
Wow it's almost like taxing a type of financial gain causes people to look elsewhere for financial gain.
Luke Brooks
Besides preferential selection for work and school?
Leo Cox
They work shitty low-wage jobs and live cheap for the most part as your average burger nowadays does. Welfare usage has only decreased since the 1996 welfare reform cause of being overly-restrictive and a social stigma was memed against using those programs. You can see those talking points ITT.
Josiah Hall
Depends. If the transaction is for welfare items, then people essentially have their welfare reduced and are forced to become more self-reliant. If the transaction tax is on things like the stock market, every investment company will immediately leave the country. That happened in ... Sweden or Norway or some place like that, and overnight every investment firm left the country.
Owen Clark
HFT is the scourge of wall street (as if wall street could get any worse), but all the big players (Jump trading, hudson river, tower trading) have either been acquired or will be...they are also going out of business or moving to ireland. the sharks are starting to eat each other.
Landon Sullivan
Jew please...
Matthew Flores
Grayson Young
not being a sideline sitting faggot doesn't make one a jew
Xavier Cox
Andrew Mitchell
Obvious bullshit about investment but people on welfare in this country won't be more (((self-reliant))) if they're in situations that would qualify them for those programs to begin with and just make it worse.
Connor Ortiz
Taxing welfare? No. No. No. No. Cut the welfare from the 20+ million illegals that are on it. That saves rights there. Tax the churches, tax mega-con church wackos like Joel Olsteen, Jesse Duplantis, Al Sharpton, etc. etc. There's the first 3-8 Trillion right there.
Cameron Johnson
>taxing the tax
surely this will help our debt...
Easton Gonzalez
Wow. Cut Social welfare completely. Problem solved. Actually; problems solved.
Michael Green
This.
Benjamin White
excellent suggestions
Jacob Carter
enjoy your riots
Jaxon Diaz
Would it offset the good churches do? Honestly asking?
Jayden Green
James Lewis
Totally. But those religious hoaxes are the ones scheming people since the beginning. "Hey, Give Jesse Duplantis 50+ Million dollars to buy a 4th Private Jet, Jesus said so!" Yeah. Or Joel Olsteen wants you help fund his 3rd $10 Million dollar Mansion in Hollywood hills. Joel "Fuck you, piss ants, my church is flooded during Hurricane Harvey, don't come seeking refuge there, that's dry as a bone" Olsteen. Yeah. Tax those fucks to the highest. Debt will be settled by half before long.
Nolan Russell
>taxing gibs you got from taxes
>not cutting out the middle man and cutting gibs
Anthony Gray
Daily reminder: the money owed through so called national debt isn't real, won't ever be real, can't ever be real and that's why its mathmatically impossible to ever pay it all back. Our money is printed by a private group and loaned to the government. So for every new dollar in circulation, the government owes the fed 1 dollar + whatever number the jews want. Can be 1 dollar per dollar, could be .000001 cents per dollar. But since the money supply comes from the people its owed to, the supply will never surpass the debt. It's an economic trick. Back in the 2012s before Jow Forums went to shit, we talked about this a lot. It was speculated that at some point the kikes would pull a fast one and demand the debt being paid back in full, which is impossible. So how do they get their money? Force the federal government to sell its assets for cheap to pay back the debt like what happens when a regular business goes bankrupt. The main speculation was the sell of federal land, but after the bundy ranch thing the kikes have been shying away from that.
Now what do we have in 2018? Tax welfare? So tax taxed money thats suppose to be redistributed to the poor and redistrbute it to some jews to pay back 'the debt'? What a clever little scheme to get free money. Now combine that with ideas like basic income or other left wing income redistribution schemes. It would create the legal precedent to tax them. Oey vey goy, you want free college money? Sure thing goy, vote for me and I'll give it to you. Oh oopsies, your free college money is gone, it got taxed. Heeheehee, better vote for me again so I can fix it :^)
Eli Evans
Do you have a death wish? Do you know why welfare exists in the first place? It certainly wasn't formed to 'help the poor' - it is simply a way to stop them from rioting and shaking the social and hierarchical power structures.
Brody White
it's too bad the church situation in this country is so fucked. all the fake and gay baptist and cult denominations should be taxed to high heaven, but the church itself (catholicism and/or eo) should still be respected as the #1 charity donors on the planet with tax exempt status
Nicholas Taylor
we should tax stock trades
Robert Brooks
>You need to pay 12.8% of your lifetime income so that we can keep it for your retirement.
>If you are in the 99th percentile for longevity, you might even recoup all of your payments.
>lol j/k we are now taxing that money.
Get rid of welfare, repay all social security payments and end the ponzi scheme once and for all.
Julian Carter
>But since the money supply comes from the people its owed to, the supply will never surpass the debt. It's an economic trick.
this
Eli Garcia
>taxing taxes themselves
Oh no its retarded
Lucas Jenkins
Those aren't hoaxes though because they know they are paying for dem planes and mansions.
People that stupid play the lotto though. Create a federal lotto, keep 50% of receipts, a billion to one odds, a minimum half a billion dollar payout each week, balloons to 50-100 billion every once in a while. Problem solved.
Nathaniel Jones
>pay less in entitlements
>have to borrow less from the central bank
>central banks gets a smaller cut
>pay more in entitlements
>have to borrow more from the central bank
>tax more to make up for it
>central bank gets a larger cut
Samuel Bailey
Personally I think all religion is just to way to hustle money. Religious pimps, "promising" you paradise for a few trinkets of minerals or worthless printed money for their happy and lavish lifestyles. Meanwhile, you die, you rot in the ground, or just a pile of ashes in an urn, or mulch for someone's yard. No afterlife. Money wasted.
Zachary Russell
why dont we just tax the national debt
Justin Gonzalez
lottery...another example of a regressive tax
Hudson Parker
No it's a stupid tax. There are stupid rich people that play too.
Carter Mitchell
>it taxed itself in its confusion!
>it's not very effective!
Cooper White
if we taxed our financial institutions with an excise tax, that may work
Xavier Brown
More borrowing from (((central banks))) happens when taxes are cut and spending isn't which is what Republinigger always do. Ironically Democrat tax increases mean less borrowing from those usurers.
Kevin Garcia
Why not treat it like a loan from the taxpayers of some sort where they have to pay some of it back after a period of time? If not go to jail.
Jace Barnes
>giving people other peoples money then making the people you give it to give some of it back
why do they need to make this shit so complex, just give less money out?
Jeremiah Williams
>Democrat tax increases mean less borrowing from those usurers.
people just borrow the money to pay their debts/taxes
Benjamin Howard
No one borrows to pay taxes. You borrow for home or car payments but not just so you can pay taxes. The poor are already exempt from paying a lot of taxes.
Jack Wood
as if you can't use a credit card to pay the IRS
Benjamin Edwards
hmm heres how the cycle of nations work I think
>capitalism
Make poor richer, everyones happy for quite some time, borders are greatly softened since nation does so well its ok with letting in everyone
>introduce cultural shifts towards end of capitalism
Start divides, productivity drops, move initial capitalism started companies overseas to poorer country. People become angry at each other from cultural shifts, people are high on materialism from capitalist success but the wealth sources arent there in late capitalist phase
>push in revolution
Strongest group surviving from cultural divide starts revolution to gain power, enforces communism to comfort masses that lost their once wealth and are lost and confused
>rule communism with iron fist
Society is crumbled hard, willing to go to war with foreign nation for hopes of some prosperity. Wealth is fully concentrated in smallest group of people now. Borders are locked hardest to prevent outside/inside intervention.
Jaxon Jenkins
niggers
Isaiah Gomez
made some math
en.wikipedia.org
assuming people paid the max income tax said here 51.8%
and spend all his remaining money (48.2%) buying things (and so paying the sales tax) and assuming he pays max tax 11.725
at an alternate universe where he pays sales taxes and assuming he spend 60% of his money (close to the smallest amount of money he would need to spend to all this shit make sense 57%) the sales tax would increase to 1809.83%
Logan Morgan
>Old english king taxing welfare
Gonna need some more info there chief
Hudson Perez
>Religious pimps, "promising" you paradise for a few trinkets of minerals or worthless printed money for their happy and lavish lifestyles.
you are really just describing the lesser for-profit sects like protestantism. catholics aren't as corrupted as you might be lead to believe by the media (remember the "300 pedophile priests" moral panic? turns out there was insufficient evidence towards 298 of them, but the literally jewish state prosecutor wanted to release all their names anyways)
Cameron Morgan
ok,ok, it just fulfilled the "I'm nuts and will tax the tax on my citizens" stereotype of old english kings and their taxmen
Asher Garcia
If you want to reduce them then reduce them, don't add another level of red-tape. It won't be popular, especially not with old people who subsist off these programs, and vote. Or indigent mothers in black communities and their church-going mother's, who are bussed to polling places by pastors at churches (which brings up issues of whether their churches should be taxed which will never never be addressed). There are many different places where fat can be cut and pork added, both parties have different philosophies as to where this can be done. Your idea is so moronic that neither part would even try to do this a little bit (exception, Clinton got away with it on a very small scale with a Republican Congress in much less partisan times that are not likely coming back).
Ryder Flores
Siezing the federal reserve (That is a private bank) and the assets of it's owners would free the entire world of all of it's debt in one day.
Jace Myers
yes!
Joshua Morris
ALL religion. Is pimping for money. You give them money to whisper sweet nothings in your ears. Do some magic tricks to convince you, you are going to heaven, val-halla, paradise, 2nd life chance, Voodoo zombie drug-huff, dragons shitting burgers, 72 virgins, reborn in some lesser animal, bull-shittery.
Aiden Ramirez
>financial transaction tax
that would destroy the economy even at an incredibly low percentage, what a fucking stupid thing to suggest
James Thomas
>Either party cutting welfare.
Won't happen.
Old fucks will shit their collective diapers.