The Progressive-Democrats want more. It’s almost like an OPM addiction.
Now they’ve proposed the Wall Street Tax Act of 2019, which is intended to charge traders and investors a price for the privilege (apparently) of investing in economic products. Their bill would
impose a tax on the purchase of most securities—including stocks and bonds—and on transactions involving derivatives. The tax would be about 0.1% of the value of the security or 0.1% of all payments made under the terms of a derivative contract.
Because Progressive-Democrats just can’t get enough of our money.
And this from Senator Brian Schatz (D, HI) who intends to introduce a similar bill in the Senate, citing the need to discourage “risky, volume-based trading.”
Because Progressive-Democrats Know Better than us petty citizens how to invest or trade.
Cutting spending, on the other hand, is utterly inconceivable to Progressive-Democrats. After all, they also know how to spend our money better than we do.