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Forum Post: Economic Problems SOLVED!

Posted 10 years ago on Dec. 24, 2011, 9:22 p.m. EST by fixwallstreetnow (42) from San Francisco, CA
This content is user submitted and not an official statement

http://www.usatoday.com/money/perfi/funds/story/2011-12-23/bogle-markets-taxes/52195070/1

If we just repealed Bush's tax cuts on blind speculation and dangerous trading instead of giving them TAX BREAKS (short term options/ trading is taxed at 15%) it would raise hundreds of Billions for the economy and also stop finance firms from taking risks without consequences. We're basically funding Banks trading so 30 year olds can make $5 Million a year.

Sadly our politicians are too corrupt to even mention this easy solution.

6 Comments

6 Comments


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[-] 1 points by fixwallstreetnow (42) from San Francisco, CA 10 years ago

Its such an easy fix: fix the banks by putting fair taxes on dangerous trades instead of essentially subsidizing them. Eliminate Wall Street tax loopholes, but keep capital gains for honest people who build real businesses.

I just can't believe no politician is on this bandwagon. It goes across party lines. This just shows how much both parties are essentially owned by Wall Street. They are too scared for win-win solutions.

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[-] 1 points by genanmer (822) 10 years ago

Yes, local communities should start utilizing their own local currency in the meantime to support their local economies.

e.g. http://vimeo.com/8029815

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