What is now being referred to as the Trader Tax (H.R. 1068, also known as the “Let Wall Street Pay for Wall Street’s Bailout Act of 2009“) is actually a tax that will affect every single American. It amounts to a witch hunt for scrape goats to blame the this economic downturn on. Not only are those responsible for bringing up such a tax wrongly trying to place blame but they are using taxes as a way to limit financial opportunities in America.
Already, for the first time in history, have they tried or are trying to assert themselves in industry, banking (financial), and healthcare using this recession as an excuse. Now they want do the same to the stock market. It’s an example of cutting one’s nose off to spite one’s face. The repercussions of a tax like this will change America and the “Average Joe’s” opportunities for the worse, forever. No wonder those inside Washington D.C.’s beltway have become known as Beltway Bandits.
Am I wrong? You tell me.
Help to Defeat the Mindless Trader Tax « The Reformed Broker
