tag:blogger.com,1999:blog-7798193138957877149.post7278898279875819939..comments2023-07-05T05:04:45.886-04:00Comments on The Wold Report: Taxing Transactions a Terrible IdeaMelanie Woldhttp://www.blogger.com/profile/02306978528952421177noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7798193138957877149.post-64253218509850770972009-12-22T07:46:21.771-05:002009-12-22T07:46:21.771-05:00you are 100% correct Melanieyou are 100% correct MelanieAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7798193138957877149.post-44005149662571742312009-12-21T21:21:18.657-05:002009-12-21T21:21:18.657-05:00Quite true. Main Street doesn’t realize how badly ...Quite true. Main Street doesn’t realize how badly they will get hurt by this. As a result, demagogues like Peter DeFazio can exploit this ignorance and fan flames about “making Wall Street pay” while doing nothing of the sort. In one way or another, Wall Street will find a way to circumvent the tax or simply pass the cost down to the retail customer (all of us).<br /><br />Additionally, DeFazio keeps using the example of the UK and how their securities market still functions despite the presence of a transaction tax. What he fails to tell anyone is that market makers are all exempt from this tax. For the markets to function properly there is a very real possibility that the market makers in the US will get a similar exemption. If this happens, then how exactly is this making Wall Street pay?<br /><br /><a href="http://save-us-from-world-improvers.blogspot.com/" rel="nofollow">Save Us From World Improvers</a>Anonymousnoreply@blogger.com