High risk investment opportunities, that's what I mean. Plenty of investment opportunities for the middle class, including active investments like starting your own business, that will make you super rich. Is it still nonsensical?
Who is Bernie Sanders... http://www.investors.com/politics/editorials/bernie-sanders-the-bum-who-wants-your-money/
PBHFA's director Anna Featured in Wall Street Journal article challenging Bernie Sanders tax plan http://pbhfa.org/dr-anna-pomeranets-research-challenges-bernie-sanders-tax-plan/
OK, so now that I have asked some questions here, got some answers and learned a great deal (I am not an expert on politics nor variations of socialism), I have made a few mental notes. My questions and answers here have mostly been about EU because that is where the Western style of socialism is mostly found (US has been mostly capitalism through-out my life). I do know EU socialism as it developed through the 1980's and 1990's but have not really kept up with the Swedish model's development after 2000. And I have made some comparisons with the US in the current state of affairs. 1) The Swedish model has some good intentions and I think it worked in fairly well up to 2000. 2) Around about 2000 and going forward seemed to have brought a sea change to many things political/economic in both EU and US (the socialists seemed to have infiltrated the central banks starting in the US and in many .gov departments). As the collective European UNION took hold fully with its bureaucrats and the centralized European Central Bank, the same hard core socialism spread to EU central banks and .gov departments pretty quickly 3) A result of this sea change is that housing became almost free for a while in the mid 2000s and still is worth much less than it was before that period (in places like Florida, Las Vegas, Phoenix and Spain condo numbers and values look very much like communist era high-rise collective housing blocks, only the facade are different). Banks became printing presses without any regard to prudent management and things that used require financial planning, working and saving are now handed-out such as healthcare and state college (student loans). Today even car loans are handed-out. Jobs have been reduced to menial, base pay clock punching exercises. 4) So now, major industries such as Banking (Rubin/Greenspan under Clinton), Healthcare (first starting with the Clinton's), Housing (Barney Frank), State College Education (Obama, student loans), Auto Industry (Fed- Paulson bail-out) have all become socialized in some manor. This all reads out almost like a a list of authored amendments to our US Constitution... 5) Now massive immigration from poor countries and direct hand-outs seems to be a central running feature of both EU and US 6) US military aggression has decidedly switched away from the communist (now cloaked in hard core socialism) threat to the Arab/Muslim/Middle East threat
No, of course not. You don't kill off gambling that easily. It is ingrained in our nature. Other countries already have instituted what Sanders is talking about, I think, and it doesn't seem to have harmed anyone. (The British for example, right?) I think Sanders proposals would be beneficial to many traders, especially if it drives the HFT folks out of business. These worthless rent seekers need to be on the streets looking for honest work.
I always laugh how these dumbass liberals cheer on the "wallstreet speculation tax" Bernie is calling for without knowing that it is their own 401k's and pensions that are going to be hit with such a tax.
Btw guys if you think that HFTs and the like are going to somehow be victim to this I seriously doubt it. They'll bury exemptions for MMs of which all HFT firms will immediately change to (if they're not already).