Financial Transaction Tax
Here's a good one for you: in order to try and pay for some of that government mandated bailout, why do we tax financial institutions for transacting in anything financial? That'll teach 'em.
"Yeah, so what that the financial system is global, and in many cases the location of the transaction is immaterial and the services provided are fungible. Oh, your telling me that a transaction tax will cause a massive capital flight? And will drastically cut back or likely eliminate the US position as the global financial hub? Well screw em, we don't need 'em anyway, we'll make our money taxing the shit out of anyone who remains to make up for what they made us spend. No... no, the government wasn't the root cause of the financial crises, no way, we saved the world, saved it I tell you. I'm a hero. A HERO GODDAMIT."
-Senator Ima Dumbdumb
"Yeah, so what that the financial system is global, and in many cases the location of the transaction is immaterial and the services provided are fungible. Oh, your telling me that a transaction tax will cause a massive capital flight? And will drastically cut back or likely eliminate the US position as the global financial hub? Well screw em, we don't need 'em anyway, we'll make our money taxing the shit out of anyone who remains to make up for what they made us spend. No... no, the government wasn't the root cause of the financial crises, no way, we saved the world, saved it I tell you. I'm a hero. A HERO GODDAMIT."
-Senator Ima Dumbdumb
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