CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending.
At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach.
The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the Troubled Asset Relief Program (TARP), with funds from both going to fund a second stimulus spending package. (The first stimulus bill, $789-billion, was signed into law by President Barack Obama on Feb. 13, 2009.)
“I believe that the transaction tax still has a great deal of merit,” Pelosi told reporters. “The concern that many of us or others have had is that it will send, it will send transactions overseas.
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I was reading about gold on Wikipedia. Didn't realize what an amazing metal it is; one ounce of gold can be spread out over a 300 sq foot area.
ReplyDeleteCan be pounded so thin you can see through it.
It is more dense than lead.
India is the largest consumer of gold. They hoard about 25% of it worldwide. Wow! After the fiat global collapse, India will do pretty well.
Thought I'd learn a little bit about it since I banked my financial future on it back in 2005.
So far only 36 misinformed individuals are for us sending more soldiers (not 'troops', that is wordplay of our owners, they are not boy scouts or going camping) to Afghanistan to kill and maimed brown people.
ReplyDeleteThat is encouraging.
1:34 kill brown people? Evil is evil... And let me share something with you...... Pray to Jesus.
ReplyDeletePlease read 1st Corinthians 13:11, and also 2 Corinthians 13:14...........
Just how are the Afghan people 'evil?' Simpleton. Not interested in praying to your Santa Clause either.
ReplyDeleteOh great, just what the world needs in the middle of an economic crisis....more taxes!
ReplyDeletecome tax my poo and pee
ReplyDeletecoz i print free money