Join Nurses Across the Country on September 1 to Demand a Tax on Wall Street

[calibeep]

Amazing how no one wants to pay anything for anything. Guess most of our nation will just run on air while the billionaires get billions more! There are going to have to be more taxes. Unless you cut defense, which no one wants to do. Cutting spending on the public isn't going to do it alone. The question will be who is going to pay them. "Tax the poor" isn't going to work very well, you know. Sorry to shatter illusions!

[calibeep]

Someone has to pay more taxes; have you heard we're in a budget deficit? Why not some of the people who got us into this mess? Unless you're volunteering. We can send the tax man to your door if you give us your address! Nurses, you GO! SOLIDARITY!

[ArmyFtBall]

@calibeep calibeep, how is taxing YOUR retirement fund everytime YOUR fund buys or sells securities on YOUR behalf in YOUR retirement fund something YOU can support. You do realize your proposal would tax that too right? I'm a nurse & I must say that you're nuts for wanting our retirement to get continually taxed over & over all in the course of the retirement fund managers managing our retirement money.

[guerillalife]

Everyone please march to your nearest hospital tomorrow and demand that nurses produce a cure for cancer... it's makes just as much sense as this tax idea.

[enf1945]

already is a tax its called the SEC fee. anything additional is a bad idea

[lindquester]

WHAT A STUPID IDEA. A tax on transactions is not going to hurt financial institutions as much as private individuals. The costs will be borne by any consumer who buys or sells any security for their private account. Mutual funds, brokerages, etc., will just pass along the tax to account holders.

[tradewell58]

I am a software engineer who works at a brokerage. Stuff like this attempt to "tax Wall Street" will just cause more industries to layoff workers that are not even traders, as well as simply shifting the money overseas. It will not raise any revenue and will be a net negative. When this was tried in Europe in the 1980's it lost money and all trading shifted to other markets until it was REPEALED. It is just an invitation to destroy more American jobs - bad idea.

[photographer128]

I'm a small trader, sitting at my computer, trying to make a buck. It's not easy. Now nurses want to put a tax on me? It's not wall street you're trying to tax. It's everyone involved in trading and investing.

[bobabooey99]

A trading tax will cause far more harm than good to the economy as markets die without liquidity and fees raised. Short term traders and investors are taxed a hefty 35% on their gains. Wall Street has a large hand in the lousy economy but it doesn't have much to do with stock traders. Please don't protest what you don't understand.

[4tmorris]

An FTT will put thousands of taxpaying individuals and businesses out of work. The tax bill will be picked up mainly by the pensions providers where it will compound into a significant drop in pension provisions. But the tax raised from pensions in this way would not offset the tax lost from the businesses destroyed leaving a net negative effect on tax revenues.

FTT = pensions cut + public services cut + unemployment increase.

You can't heal america by destroying businesses.

[tomA2000]

Tax the HFT traders into oblivion, please!

[copperlist]

A financial transaction tax will apply to main street also, not just wall street. The UK has applied a levy/tax on banks that have too much debt, this is much better way to raise money from wall street without hurting the economy and Main street. google 'uk bank levy' for more information about the levy.

[bfq3000]

ugh... uninformed & misguided economic populism run amok!

[dustintrader]

Make no mistake, all costs from this tax will be passed directly to the consumer. Wall Street isn't stupid... but I'm afraid those supporting this tax are.

[xAugustosx]

This isn't a tax on "Wall Street". it's a tax on everyone's 401ks. Do you really think "Wall Street" is just going to eat the cost of the tax? "Wall Street" will pass the tax along to you, me, and every other shmuck with a retirement account. Nurses, please stick to what you know best -- NURSING!

[ArmyFtBall]

I'm a nurse & a financial transaction tax will hurt my 401k. Everytime either I make a trade or the mutual funds I'm in make a trade for the fund itself, I'm going to get charged. Why is my union forcing me to go for this thing?

My husband also tries to get us ahead in his little trading account. He's going to get slammed with this tax.

I pay union dues & my union is out to harm ME.

Believe me, *** A LOT *** if not most nurses are against this thing.

[joegolfer]

Bush gave them 1.2 Trillion in 2008.....