[UniqueViews]

It would kill the stockmarket and the economy.

And who do you think would actually pay for it — all of us, since most people own mutual funds in their retirement accounts. There is no such thing as a free lunch.

Instead of figuring out how to tax people, the government — and you — should focus on SPENDING CUTS and shrinking the government.

The government is an insatiable beast — the more taxes it gets, the more it spends, until the old joke becomes true about the IRS questionnaire: “How much do you make? ____. Send it all in”

[Fido969]

all of us, since most people own mutual funds in their retirement accounts

Most average investors would do BETTER because the high-volume traders are skimming the profits.

Who do you think the profits they get come from?

[ModelBreaker]

“It would kill the stockmarket and the economy.”

And, it would give congress and Obama more money to spend. They would just spend it and then run up the deficit again.

[Mike Darancette]

And who do you think would actually pay for it — all of us, since most people own mutual funds in their retirement accounts. There is no such thing as a free lunch.

When you own a mutual fund you do NOT own the stock. The MF company would only have to pay the tax if it sold the stock or bought new shares.