At times I find it difficult to distinguish between a politician and a user, someone who habitually treats others as if they were instruments or tools for their own ends. Their policies imply that other people exist merely for the sake of paying for their great ideas. Such politicians or activists do not consider starting a charity, or persuading people to fund their ideas. No, they just want to use the strong arm of government to force people to finance what they think is important. Ed Perlmutter appears to be such a politician. From 9News:
Rep. Ed Perlmutter (D-Colorado) wants to bring back an old transaction fee that used to pay for governmental services like the Securities and Exchange Commission (SEC) to raise roughly $100 billion per year.
“It’s time for Wall Street to help pay for Main Street,” Perlmutter said at the 9NEWS/Denver Post “Your Health, Your Congress, Your Voice” health care forum over the weekend. “Between 1929 and 1966, there was a tax on trades to help pay for the regulatory structure for Wall Street. It was taken off in 1966. We had to pay a ton of money last year to get Wall Street back on its feet and I think they should repay some of that.”
Perlmutter wants a 0.25 percent fee on the millions of trades made every day on Wall Street. That would mean a $2.50 additional cost on every $1,000 trade.
HIs rationale, that government has bailed out Wall Street, is ridiculous. So other politicians robbed one group of taxpayers to give money to others. This justifies a second round of plunder?
(via Ben Degrow)
