I received this (above) on my facebook page. I immediately recoiled, since the poster is a close friend and uber-conservative. He is a highly-intelligent, highly-educated, patriotic American, and an enthusiastic capitalist. I don’t know what he was thinking.
This was my reply:
Why? Because they pay capital gains on those investment returns. You don’t pay sales tax when you buy investment options. What’s the problem with algorithm-driven trades? Capitalists finding a way to make money in an automated fashion. If I could figure out how to do it, I would.
Take from the rich & give to the poor – That’s Robin Hood’s story. No thank you! Typical class-warfare crap. A hundred strikes at the branches for every strike at the root. The root is spending. CUT SPENDING and you won’t need as much revenue! This is basic, 7th grade economics. Let people keep their freaking money. Stop with the class-envy crap! In this country we are guaranteed equality of opportunity, not outcome! I’d sooner burn my money than be forced to subsidize generations of welfare rats to live their uneducated, slothful, self-obsessed, instant-gratification, libertine existence.
That was before I had a look at their site:
The Robin Hood Tax campaign started as an idea. A way to get America back on its feet and ensure our global leadership. And its grown to a national campaign.
We’re committed to making Wall Street traders, big bankers and hedge fund managers pay their fair share for the communities they depend on.
We pay taxes on what we buy, and so should they–a tiny tax on Wall Street transactions that could raise hundreds of billions.
We know that money could create jobs, cut student debt, rescue people’s homes and provide healthcare across the country. And we could end the AIDS pandemic, tackle global health, poverty, and the climate crisis around the world. And so much more.
We believe it’s time to rewrite the contract between banks and society.
We are unions, nurses, small business owners, community organizations, faith communities, AIDS activists, environmentalists, movie stars, and musicians.
We are businesspeople – Microsoft founder Bill Gates, mogul Mark Cuban, financier George Soros, entrepreneur extraordinaire Warren Buffet.
We are economists – Nobel Prize winners Joseph Stiglitz and Paul Krugman, Earth Institute Director Jeffrey Sachs and 1,000 other economists from across the world.
We are political leaders – from Al Gore to President Regan’s Budget Director David Stockman.
We are thought leaders – the Vatican, the NY Times Editorial Board, Archbishop Desmond Tutu, Jesse Jackson and Ban Ki-Moon.
We are part of a global movement representing over 220 million people in 25 countries.
We are a force to be reckoned with, and we’re demanding justice.
This is like a smorgasbord of liberal wet-dreams. This website should be the DNC platform! 99% of the people who see this shit of Facebook, will like the idea. We are losing the battle, folks.