Not understanding how business works if it bit them in THE ASS shows daily! WHO do you think is going to pay this tax...the investment firms, NO! The small individual investor, the businesses.....it goes on and on. The lack of real world understanding in Washington is breath-taking!
AFL-CIO, Dems push new Wall Street tax - TheHill.com:
The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.
The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction."
Tuesday, September 01, 2009
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