Woolfsmck 2,763 Posted March 3, 2020 Author Share Posted March 3, 2020 9 hours ago, Luc said: Speculators are transaction costs themselves. These people make tons of money, are incredibly smart, but their job is to shift money around rather than creating new sources of welfare. These people could be innovators in Silicon Valley or whatever, and thus raise overall economic productivity. Even when these are automated, it means that smart people spent time coding complex trade AI programmes or whatever, and that these machines cost tonnes of energy, while these people are smart enough to otherwise be working on getting self-driving cars or a cure for cancer. So yeah, a transaction tax is perfectly legitimate, it should be just high enough to make the riskiest investors lose their job. Wait ... levy a tax to 'intentionally' impact certain jobs … negatively ,... ... I'll never vote for a leader who does this .. nor will the vast majority of adults in any country ... ... Leaders are there to 'benefit' the people and level the playing field for everyone ... ... This issue is getting clouded here.... The goal is to make higher education affordable and help a part of society that has a huge debt because of the cost ... I can't see the above method as a viable reasonable solution... ... Capital gains, this is a part of the economy that is clearly weighted in rich (educated) people favor .. balance the tax system so that employee's aren't stuck with such a huge percentage of their income and use the tax revenue more efficiently to help lower education costs ... Pretty complex and way above the cave man leadership we have now … I know ... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
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