>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
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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.