Site for Free Markets and Free People

Thursday, November 19, 2009

Dems: Financial Transaction Tax On the Table

Dems want a bill to "create jobs" and they're thinking of taxing all financial transactions to do so.

First, wasn't the "stimulus bill" designed to create jobs? Second, why would increasing the burden on all stock and bond investments be good for the country? Any nitwit with half a brain knows that when you tax something, you get less of it. And capital is in dire need these days in order to create jobs, so why restrict it further?

Just another idiotic idea from a party and an Administration that is beating the U.S. economy to a pulp.