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Ed,
I don't want to seem like an alarmist but the US income tax was considered benign (1% of income) when it was implemented, the Social Security contribution was also benign, (don't have exact figures but it was something like 0.5% of first $1000 of earnings) as was the Medicare contribution. The sad fact is that when a parasite attaches itself to the host it will keep sucking blood, as it grows it needs more blood. Good parasites never kill their host - the question is how smart is our parasite? Based on the current spending I am seeing I consider paying more taxes as a "cure" is the same as curing an alcoholic by giving them more alcohol. Consider any tax that is imposed as the "initial offering" to get it passed, it will continue to grow after it is passed.
David K.
--- In amibroker@xxxxxxxxxxxxxxx, "Ed Fast" <fasttrader@xxx> wrote:
>
> The presenter (not sure who it was as I am certainly not glued to CNBC as I
> trade) made it sound like the Trader Tax is a very benign tax measure and
> would not effect anyone important except the "Wall Street Fat Cats" as it
> generated all this free money for the government.
>
>
>
> It would affect me and I am certainly not a "Fat Cat"
>
>
>
> Ed Fast
>
>
>
> _____
>
> From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf
> Of Potato Soup
> Sent: Friday, December 04, 2009 11:56 AM
> To: AmiBroker (Discussion List)
> Subject: Re: [amibroker] Trader Tax
>
>
>
>
>
> Yes. Do not fall asleep at the wheel. Congress is desperate to find tax
> revenues and score another populist win. Don't just call your
> representatives, call every friend and family member and ezplain why this
> isn't good for mainstreet.
>
> _____
>
> From: "Ed Fast" <fasttrader@xxx>
>
> Date: Fri, 4 Dec 2009 11:50:28 -0800
>
> To: <amibroker@xxxxxxxxxxxxxxx>
>
> Subject: [amibroker] Trader Tax
>
>
>
> If you have just watched the CNBC interview, you will understand how
> important it is to contact your senator and representative and let them know
> that the Trader Tax is being presented in a very skewed manner and will
> devastate the Financial Markets and the underlying Liquidity
>
>
>
> Ed Fast
>
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