Senator Bernie Sanders has proposed a financial-transaction tax on Wall Street to support his plan to make college free and pay off all outstanding student debt. Other legislation also proposes such a tax to deal with inequality. Business Insider spoke to a handful of industry watchers, who outline their case for why a transaction tax could ultimately hurt Main Street and capital markets alike. Read more on Markets Insider.
Senator Bernie Sanders has proposed a financial-transaction tax on Wall Street to support his plan to make college free and pay off all outstanding student debt. Other legislation also proposes such a tax to deal with inequality. Business Insider spoke to a handful of industry watchers, who outline their case for why a transaction tax could ultimately hurt Main Street and capital markets alike. Read more on Markets Insider.
How much money do 'industry watchers' have invested in wall street?
'Industry Watchers' tore down main Street to build overpriced condos and gated McMansion communities that threaten local businesses over parking spaces, dog walking areas, and regular plebians shopping there. Get out with this nonsense.
Triple hard pass. All of this will be passed on to us regular folks - corporations will figure something else out. Much easier to tackle taxing these corporations directly.
We’ll risk it. The ”industry watchers” lost all credibility long ago.
“..FTT doesn't tax banks. It taxes transactions, and would likely pass the elevated cost along to consumers, which means that anyone who has money invested in the stock market would pay the price. That includes 401k retirement plans, 529 college savings plans, and pension funds”
Wall Street insiders don't like Bernie's ideas. Shocking!
Industry watchers don't know shit 🙅♀️🙅♂️💩
Like everything Bernie suggests.
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