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Only a small fraction of trade on capital markets is speculative.
Since we turned our banks into zombies through rampant free trade, illegal immigration, and junk loans to anyone who breathes, the capital markets have increasingly taken on the role of liquidity management, store of value, resource allocation, and means of payment. Capital markets are the life blood of the economy.
Charlatans and would-be parasite blood-suckers like Bernie Sanders and his half-wit screaming fans have no clue what "speculation", capital markets, liquidity management, store of value, resource allocation, and means of payment actually mean, and the devastation that rampant free trade, illegal immigration and junk loans to anyone who breathes wreaks on the life-blood of the economy.
Good luck with yourselves.
P.S. Yes, L8Gr8Apost8, we know you are a troll.
So I ran a google search for: Only a small fraction of trade on capital markets is speculative.
It even already has a name. Tobin Tax in reference to the Forex. This is nothing new and it's already in place in other markets. Are you saying currency markets aren't speculative? The link below states that they are.
Bob isn't paying for anyone's college.* We're talking community college, trade schools and state colleges here not expensive private schools. Rich people can still send their kids there and pay for it themselves.
What do college students produce, besides debt perhaps??
Most of our GDP by managing corps. That record high DJ is not coming via the high school dropouts. Nor is it produced by millions of clerks or entry level staff running around, doing as they please w/o direction.
Managing is done for the same reason quarterbacks run huddles each play. So all others run the same play, instead of running around like chickens with their heads off.
Most of our GDP by managing corps. That record high DJ is not coming via the high school dropouts. Nor is it produced by millions of clerks or entry level staff running around, doing as they please w/o direction.
Managing is done for the same reason quarterbacks run huddles each play. So all others run the same play, instead of running around like chickens with their heads off.
So what do college students have to do with that? Seems more than half want to pillage corporations and redistribute that wealth as they see fit.
Some of my fellow Bernie supports might be interested in this debate on the pros and cons of the Tobin Tax. It has been suggested as a way to stabilize markets. What to do with the profits? Funding education sounds like a good use to me for it.
Some of my fellow Bernie supports might be interested in this debate on the pros and cons of the Tobin Tax. It has been suggested as a way to stabilize markets.
We saw how socialists managed markets and economies in the past. Best not to relive those mistakes. Famines, crop failures, mass starvation, cannibalism, body pits, mass execution and empty store shelves are not things I want to see in my country. The breadlines seen in FDR's (America's first socialist president) time were bad enough
Quote:
Originally Posted by L8Gr8Apost8
What to do with the profits?
It's called, enjoy life and the fruits of our labor, and make the world a better place in the process. Maybe have some children. But who the hell wants to bring children into a world living in a socialist hell hole? What socialists like you don't seem to understand is China doesn't need a one child policy. The citizens hardly have the desire and interest necessary to bring one child into their cruel, punishing, empty world.
We saw how socialists managed markets and economies in the past. Best not to relive those mistakes. Famines, crop failures, mass starvation, cannibalism, body pits, mass execution and empty store shelves are not things I want to see in my country. The breadlines seen in FDR's (America's first socialist president) time were bad enough
It's called, enjoy life and the fruits of our labor, and make the world a better place in the process. Maybe have some children. But who the hell wants to bring children into a world living in a socialist hell hole? What socialists like you don't seem to understand is China doesn't need a one child policy. The citizens hardly have the desire and interest necessary to bring one child into their cruel, punishing, empty world.
I decided to look up FDR and he was elected in 1932. The stock market crash was in 1929 so I know you're not blaming him for the great depression. (The great depression officially ran from April of 29 to March of 33) Fun fact about FDR. He was elected President 4 times. He is the reason we have a 2 term limit on the Presidency now. He also tried to implement universal healthcare.
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