How to Kill Wall Street in One Easy Step

If this ever sees the light of day you will see a huge crash in the markets and liquidity will dry up overnight.

A House bill still being drafted aims to raise $150 billion each year to pay for new jobs.

Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25 percent tax.

The bill, a copy of which was obtained by The Hill, is titled the “Let Wall Street Pay for the Restoration of Main Street Act of 2009.”

The Democrats continue to think that the Government is the way to create jobs, rather than the private sector.  Stupid, stupid, stupid

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One response to “How to Kill Wall Street in One Easy Step

  • Jasen

    I believe in free markets too, however, when Wall Street was basically de-regulated and allowed to monitor itself, it blew it big time and came limping back to the government for help. Wall Street paid out billions of dollars over the years to all of their so called “gurus,” yet all of these “smart” people on Wall Street couldn’t see or prevent the 2008 market crash. So are Americans supposed to just trust that Wall Street will fix itself? I don’t think so. Wall Street/Wall Street employees need a swift kick in their as* by the US government and MUCH more oversight and intervention! How much worse could the government do? Wall Street allowed markets to crash…the government could only make Wall Street go in one direction – – UP

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