Here is a link to petition against trader tax

Discussion in 'Taxes and Accounting' started by oraclewizard77, Dec 4, 2009.

  1. oraclewizard77

    oraclewizard77 Moderator

  2. TGpop


    i think trader tax makes sense, after all, trades affect the price of very important resources such as oil, etc,
  3. gkishot


    That's right. It's called free market economy.
  4. TGpop


    it's also called internalising the external cost.
  5. Stok


    Ur an idiot. Goto France.
  6. exaltedangel09

    exaltedangel09 Guest

    GTFO. The market would be 100% computers making the spread.
  7. gkishot


    Go trade tomatoes then. 100% computer free and transaction tax free market. And socially useful as well.
  8. oraclewizard77

    oraclewizard77 Moderator

    Traders do provide a useful service, they allow producers of commodities to hedge the risk. For example, lets say you are a framer, you grow corn, and you want to be able to lock in the current price of the crop so you sell a future contract to a trader. The trader buys the contract since he or she is willingly to assume the risk of the farmer for a possible profit.

    Without the ability to hedge risk, the farmer may not produce as much crop since he or she is afraid of over supply and that the price they will receive will not support their family. So then there is not enough corn being produced, and prices are then higher for the consumers.

    Instead of a trading tax, the normal income tax works, when government interferes in business, they cause more harm then good.
  9. While I do think it's important for traders to sign the petition, you fellows would do well to understand that there will not be a transaction tax.
  10. Now here's a guy who wasn't fooled into voting Democrat. It's you moderates who are dangerous. Somebody promises something, you believe it.
    #10     Dec 5, 2009