General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy can't we do this?
If we are in such dire straits with debt and deficits, why can't we put a small tax on stock transactions? One-half of one percent tax on every trade would do miracles at raising needed revenues.
Why can we do nothing about businesses and wealthy individuals evading taxes by hiding their wealth in foreign accounts? We read that there may be over $20 trillion dollars in these accounts around the world? Is there nothing we can do to prevent this from happening? Shouldn't wealth creation be used for something besides stockpiling for personal gain?
Why can't we raise the limit on payroll taxes on incomes up to $450K per year? How come they were due a tax cut when the Bush tax cuts expired but they don't have the same obligation to pay taxes as those making less than $110,000 per year? That would easily solve the Social Security funding "problem" for the next 75 years. Why can they not do this?
Why can they not take the money out of our political system? As it is, we have the best politicians that money can buy. Why can't we change this?
byeya
(2,842 posts)USA in general.
redwitch
(14,947 posts)It adds up to very big dollars every year. Which they promptly give right back.
MineralMan
(146,329 posts)Suggest it to your Congressperson.
WillyT
(72,631 posts)Link: http://www.democraticunderground.com/10022624154
& Rec !!!
Warpy
(111,339 posts)Of course, most of us are women, what do we know?
kentuck
(111,110 posts)It's just that there is no political will or courage.
Spitfire of ATJ
(32,723 posts)....and since there is no "sale" there is no "sales tax".
Kinda like how that spill of black liquid in Arkansas is exempt from laws regarding oil spills because it's not legally defined as "oil".
kentuck
(111,110 posts)they would need to change the wording of the legislation, don't you think?
Spitfire of ATJ
(32,723 posts)limpyhobbler
(8,244 posts)There are several proposals floating around.
Here's one that you're right on time for...
http://robinhoodtax.org/latest/robin-hood-washington-dc-april-17-0