This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
jump to last post 1-3 of 3 discussions (9 posts)

TAX ON FINANCIAL TRANSACTIONS

  1. steveamy profile image61
    steveamyposted 5 years ago

    Would you support a 1% tax on all financial transactions on Wall Street?

    1. wilderness profile image97
      wildernessposted 5 years agoin reply to this

      I would, but then I'm not real happy watching people run up the cost of products for no increase in value.

      What would it do to the day traders?  The option buyers/sellers?  Those buying in lots of a billion dollars, such as trying to "buy" an entire company?

      What would it do the the entire concept of Wall Street as it is today?  While I might like the idea, I also fear that our economy could not stand to see it done.

    2. Silverspeeder profile image60
      Silverspeederposted 5 years agoin reply to this

      How about stop talking taxation and start talking regulation.
      In the end the only ones to suffer for the deregulation is the ordinary Joe.

  2. Dr Billy Kidd profile image91
    Dr Billy Kiddposted 5 years ago

    No. !% is way off the mark. .003% might be reasonable, or say something like1 cent per transaction.

    1. Greekgeek profile image91
      Greekgeekposted 5 years agoin reply to this

      Speaking as someone who does actually have some skin in the game, I think the penny per transaction idea is splendid.

      There is entirely too much speculation, and the crazy computerized trades that are happening over increments of a second are not based on real-world value or assets at all; it's just a game of pea-and-walnut-shells being carried on at a massive scale.

      The penny per transaction tax would not hurt ordinary 401Ks, grandma's retirement funds, mutual funds or ordinary people investing. It wouldn't be a significant tax burden even on those who play the game in a small way with actively managed funds. It would only add up to a real amount from those who toss around millions of dollars every day. And it would pay off a good chunk of the deficit.

      Of course, the GOP will never go for that, because the Ryan plan fielded just a week or so ago still had NEW tax breaks for the wealthiest and for Wall Street traders, but you never know.

      I wouldn't mind. Heck, I would be content to pay the same tax on capital gains that people pay on their income -- that seems more equitable to me!

      1. wilderness profile image97
        wildernessposted 5 years agoin reply to this

        Now a penny per transaction, whether it's for a $10 stock or a million shares of that stock, might work.

        I read the OP as 1% of the value of the transaction.

      2. Dr Billy Kidd profile image91
        Dr Billy Kiddposted 5 years agoin reply to this

        Right, Greekgeek, a 1 cent charge per stock transaction would cover some of the cost of policing things like the phantom derivatives that crashed the market and caused the Great Recession.

  3. steveamy profile image61
    steveamyposted 5 years ago

    I just posed the 1% as an arbitrary figure.  This is more about the concept of taxing a huge economic activity-- a sales tax on stock transactions if you will.

    1. steveamy profile image61
      steveamyposted 5 years agoin reply to this

      How about one cent/share traded ?

 
working