Why a Financial Transaction Tax? Video

Sarah Anderson: 0.25% tax on financial transactions could raise $150 billion a year in the US alone

I detest Sarkozy. ...
I detest Sarkozy. I was invited to the Palace in 2010, passed security (took weeks) and at the front door said NO and walked away. I hope he got the message! I worked briefly for Chirac and it made me SICK. Many rich French do not actually MOVE to tax havens,? they stay in France and get citizenships there (Monaco is very hard, Switzerland doable if you have a lot of money.) France has a lot wrong with it, past and present. I am American-born, by the way.

I detest Sarkozy. ...
I detest Sarkozy. I was invited to the Palace in 2010, passed security (took weeks) and at the front door said NO and walked away. I hope he got the message! I worked briefly for Chirac and it made me SICK. Many rich French do not actually MOVE to tax havens, they stay in France and get citizenships there (Monaco is very hard, Switzerland doable if you have a lot of money.) France has a lot wrong with it, past and present. I am American-born,? by the way.

In the past 20 ...
In the past 20 years there was NO transaction tax. Ever wonder why the rich French people all move to Monaco and other tax free spots? France was a colonial superpower and by stealing from people around the world they built their wealth reserves (same goes for Britain, Netherlands, Spain and some others). Explain to me how a tax that was supposed? to apply to large banks excluded them altogether, Sarkozy directly lied to the people and now you're applauding that.

Well, I've been ...
Well, I've been over here? nearly 20 years and it's not perfect but I have a way better quality of life. And healthcare.

Corruption of the ...
Corruption of the system is rampant in old Europe, it's ruled by old money which control? the countries.

By taxing the ...
By taxing the individual investor and giving? the big banks a free pass. All the big banks who caused the crisis are exempt but the guy with a 20k EUR account will have to pay it, that's french logic for you.

France elected the ...
France elected the tax ONLY ON INDIVIDUAL INVESTORS, the big banks who caused the crisis is EXEMPT from the tax. Don't make dumb statements when you have no information.?

I'm a trader. I ...
I'm a trader. I already pay tax on income, dividends + the SEC fee which is on every transaction. I pay data fees and brokerage commissions too, with this tax I wouldn't pay any of that as it would put me out of business - some brokerage worker would have to? take a pay cut because of losing my business, you never thought of that I bet.

0.25% seems ...
0.25% seems excessive. That's almost double the total brokerage fees and commissions I pay (0.1359%) as a small ($10,000 total stocks) investor. It's likely ten times more than what "real" investors pay. Something around 0.01% would be more reasonable.?

Yes I was hoping ...
Yes I was hoping that maybe another reason would be to set a precedent before gradually getting serious. I really think it's gonna be a bloody battle though...?

Why not? we have ...
Why not? we have 40K new laws.. Rediculous!!

if Government don't ...
if Government don't tax Corporations, Corporations will buy and own the Government. . Libertarian small? govt is a fallacies

Well, France has ...
Well, France has been a real eye-opener for me.? I used to have a really Anglo-Saxon point of view which was very narrow, I now realize. In the USA in the past, the rich felt happy to pay up to 90% in taxes. My first husband, Mr. KMart, was proud to be in the 50% tax bracket and was upset when Reagan got elected. They still got plenty rich and kept most of it even with high taxation. Americans forget this!

France? should lead ...
France? should lead the world. I hate anglo-saxon's dominant ideology such as tricle down theory and saying that taxing rich is somehow government takeover.

Yes, when I mention ...
Yes, when I mention to them that they are aristocrats they are not happy with me. I think it is laudable they just opted to become ordinary farmers -- peasants. I am a vizier princess and they have? no idea what to make of that.

That's something to ...
That's something to be proud of!! I wish we could opt out now! Worldwide everyone is being taken? advantage of by a bunch of thieves....

I know, I am from? ...
I know, I am from? Ohio, the Rust Belt. That was hell.

My husband's family ...
My husband's family were low-level nobles but back in the late 15th century said screw it. They were tired of paying fealty and being marched off to war. They carried on in Brittany, France as mere farmers and have been ever since. There are two other families in that region? who did the same thing. They just said screw it and paid a fee to get out of that mess. Good for them. They just wanted to till the land and not be pawns.

Because you are? ...
Because you are? all brainwashed to think it's ok for the members of government to steal from you. Feudalism....

Glad at least ...
Glad at least France can stand up as civilization. USA is feudal barbarianism; kill or be killed (using? economics and war machine)!

I've had so many ...
I've had so many American visitors over here who needed to see a doctor, to renew their meds, to see a dentist, to get glasses, and when I took them and they saw how cheap it is and how good the care is, they were stupefied. All their "anti-socialism" sentiments flew out the window. I live in the birthplace of Communism and our services are fantastic. Culture, social workers to sort things out for you, it's all free.? In a manner of speaking.

People in the U.S. ...
People in the U.S. just have no idea what's going on. Like in France, your economic system is more controlled by the people. You? guys have seen this in action so you know it works. In the U.S., plenty of people think that a more socialist government is going to turn us into Nazi Germany haha. Even though that's more so the path we're traveling down now. Nobody in the U.S. bothers reading things for themselves

Of course spending ...
Of course spending and borrowing? have to be reduced and then taxes have to be raised, and if you crush the middle class no one is going to benefit. I'm American and often get very bugged by the French (and Europeans) but they seem often way more mature than Americans. People tend to be really calm over here, too. I dunno what all these stories are about panic over here but I just don't see that.

Yeah, well people ...
Yeah, well people in the U.S. are? retarded...

The tax is low. ...
The tax is low. For? now.

You might as well ...
You might as well be a Lee Dorian clone (how the world works). You sound? no smarter than he is. Another libertarian hack.

i? wish it was that ...
i? wish it was that simple

Congressman Goldman ...
Congressman Goldman Sachs needs to? be run through a guillotine.

"Financialized ...
"Financialized economies" NEED to collapse. They are a primary part of the world's? problems.