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Taxes most people would like:

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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-14-10 11:15 PM
Original message
Taxes most people would like:
Tax 100% of the interest credit card companies charge over 20%.

15% tax to banks on the value of every house they foreclose.

100% tax on profits from short selling, which is a bet that a business will fail.

100% tax on profits from selling derivatives.

100% tax on profits of any oil and gas companies get from lands where US troops are stationed outside the United States.

100% tax on price of drugs that is more than the drug is sold for in Canada or Europe.

100% tax on profits insurance companies derived from denying medical care that a competent physician recommended.

100% tax on the salaries of any ex-politician who goes to work as a lobbyist.

100% tax on the difference in labor costs between imported products and America's minimum wage.

100% tax on profits of private prisons and what their stockholders and warden make above what their state prison counterparts would make.

100% tax on the profits of ANY privatized government function (and 100% tax on the bribes they gave politicians to get it privatized).

100% tax on the profits charter schools get from using non-union teachers.

100% tax on profits from lower labor costs resulting from union-busting.

and so on.

Did I leave anything out?
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Edweird Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-14-10 11:25 PM
Response to Original message
1. Take out the 'short sale' - it's important to farmers and producers.
Edited on Sun Mar-14-10 11:26 PM by Edweird
Keep speculators out of the commodities market altogether.
They are screwing up everything.
100% tax on speculators.
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-15-10 12:30 AM
Response to Reply #1
3. I was trying to figure out the best way to say that. Maybe you can't buy anything you can't
take delivery of--but they've probably already got a way around that.
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paulsby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-15-10 01:00 AM
Response to Reply #1
6. as a speculator myself, may i give you a hearty
#$#(#$#($(%#%& you! :)

(futures speculator)
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Edweird Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-15-10 01:35 PM
Response to Reply #6
9. Ha. Don't worry, I feel the same way about speculators when I buy gas.
:toast:
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melm00se Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-15-10 07:00 AM
Response to Reply #1
8. every investor
is speculating that something will happen so your "tax" proposal is foolish
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Edweird Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-15-10 01:41 PM
Response to Reply #8
10. I'm only concerned about the commodities market, not the stock market.
It's perfectly reasonable. It will keep vultures from running up the prices of gas and food and building materials. Do you remember hearing about this: http://www.firstenercastfinancial.com/forums/crude-oil/86-contango-tanker-storage-5.html

That's bad. And it can happen to anything you need.
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NYC_SKP Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-14-10 11:47 PM
Response to Original message
2. Can we make some of these 190% against prior years earnings, please?
Most, but not all of them deserve this and some prison time.

:patriot:
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metapunditedgy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-15-10 12:34 AM
Response to Original message
4. 150% tax on salary/bonuses that are more than 10x what the lowest salaried
employee makes.
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metapunditedgy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-15-10 12:37 AM
Response to Original message
5. 100% tax on profits from banks that are getting Fed assistance in forms of
1) TARP
2) TALF
3) Accepting MBS as collateral

And 100% tax on profits loans issued at more than 3% above what the bank pays when it borrows from the Fed.
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Thothmes Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-15-10 05:23 AM
Response to Original message
7. I would be perfectly happy
if we just adjusted the tax codes so that they worked on a progressive scale and included any source of income and applied to all businesses and individuals.
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