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April 2, 2019
Sen. Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee, announced today that he would soon release a proposal to eliminate massive tax breaks enjoyed by the wealthy on their capital gains income. If successful, the proposal would ensure that income from wealth is taxed just like income from work.
His plan, which he has promised to flesh out in a white paper in the coming weeks, would tax the appreciation of assets owned by the very wealthy as income each year, an approach known as mark-to-market taxation. It would also subject that income to ordinary tax rates rather than special, lower income tax rates that apply to capital gains.
https://itep.org/sweeping-reform-would-tax-capital-gains-like-ordinary-income/
https://www.wsj.com/articles/top-democrat-proposes-annual-tax-on-unrealized-capital-gains-11554217383
(Score: 1) by khallow on Sunday April 07 2019, @07:00PM (7 children)
Or we could not do that. No one has ever come up with how HFT is supposed to be bad for the US economy. It's not magic, somehow detecting your trades before you make them. It's not crashing markets all the time. And the number of zeros in trade volume are completely irrelevant to anyone outside of a few traders in the stock market. That's why HFT whining fell off the radar a few years back.
Further, taxing stuff because someone doesn't like it is a terrible idea. If you strain yourself, Azuma, you might be able to think of something you do on occasion that someone else would love to tax. I would start with your homosexual inclinations and go from there. "Gay people are harmful for the US economy with their hard work, out-there creativity, and corrupting the youth of America. We need to tax 'em!!!"
My view is that the gear developed for HFT and the trade strategies developed by themselves more than make up for any harm HFT is supposedly causing to the US economy.
(Score: 2) by Azuma Hazuki on Sunday April 07 2019, @10:06PM (6 children)
Your view is full of shit, as your head is lodged permanently somewhere between your duodenum and your sigmoid colon. Fuck off, you worthless bootlicker. You are not elite and you never will be, and if the elite even noticed your disgusting fawning over them, they wouldn't thank you for it; they'd laugh in your face and call you the sucker you are.
I am "that girl" your mother warned you about...
(Score: 2, Touché) by khallow on Sunday April 07 2019, @10:17PM (5 children)
I don't face ignorance for the benefit of some elite. I'm not interested in such games. I've corrected you before and you've ignored that correction before.
(Score: 2) by Azuma Hazuki on Sunday April 07 2019, @10:27PM (4 children)
Sorry, what? I can't hear you with all the slobber and shoe polish dripping off the end of your tongue. Sounds like you're in denial of what we can all see you actively doing...? Odd.
Also, for your future benefit: an ad hominem is when someone substitutes insults for arguments. I am *supplementing* my arguments with insults; therefore, I am not committing an ad hom, just being a Nasty Woman (TM) as usual.
I am "that girl" your mother warned you about...
(Score: 0, Troll) by khallow on Tuesday April 09 2019, @12:44AM (3 children)
Let's fix your ignorance here. An ad hominem is when someone uses an irrelevant quality or description of a person as a way to refute their arguments.
The problem is you don't have anything substantial to go with those insults.
I find it telling that you feel the need to correct me on my imaginary accusations of ad hominems even though no one has accused anyone of ad hominems in the entire discussion! This is an example of a red herring [wikipedia.org], introducing something irrelevant to distract from the topic at hand.
Let's face it, you're just a complete fuck up when it comes to reason or logic. It's clear that you could be otherwise - sometimes you get it and those posts are great, but well, horses and water.
(Score: 0, Redundant) by khallow on Tuesday April 09 2019, @12:45AM (2 children)
(Score: 2) by Azuma Hazuki on Tuesday April 09 2019, @01:13AM (1 child)
Oh no, don't misunderstand; your arguments are wrong because history has shown them to be. You are a bootlicking traitor *on top* of being wrong. That doesn't make you any more wrong, it just makes you that much more contemptible and pathetic.
I am "that girl" your mother warned you about...
(Score: 1) by khallow on Tuesday April 09 2019, @02:00AM
The same pattern of bullshit as always. Funny how you can never ever specify an actual example of this alleged behavior.