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When Taxes Don't Have The Desired Effect
zPatriot ^ | 3/20/2012 | Sergeant Greywar

Posted on 03/20/2012 3:44:21 PM PDT by greywar

Even small dis-incentives can drive economic activity to die off or move.

While discussing the near inevitability of a tax on buying or selling shares in a company (separate for already existing taxes for gains from those transaction) the German newspaper Der Speigel cites the British experiment with exactly this sort of tax:

 

To see why, one must look no further than the meager successes of the British stock exchange tax, which only applies to share transactions, which constitute a tiny portion of all financial transactions. Since the introduction of the "Stamp Duty Reserve Tax" of 0.5 percent on the sale price in 1986, many share transactions are no longer being handled on the exchange. Instead, they are traded directly between two parties in the form of a so-called Contract for Difference (CFD).

These CFDs precisely reflect the changes in the price of a stock, but they are not subject to any stock exchange tax. Ironically, a tax is now ensuring that backroom deals are flourishing while the underlying securities are no longer being publicly traded on the exchange.

 

The intended effect of the tax never happened and simply drove revenue elsewhere.

 

(Excerpt) Read more at zpatriot.com ...


TOPICS:
KEYWORDS: blogpimp; capitalism; laffer; tax; taxation; taxes
How long before we see calls for this in the US to "stabilize risk"?
1 posted on 03/20/2012 3:44:28 PM PDT by greywar
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To: greywar

So what seems to have caused you to excerpt your own blog, bub?


2 posted on 03/20/2012 3:52:56 PM PDT by humblegunner
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To: humblegunner

Maybe because I want to read it.


3 posted on 03/20/2012 3:53:50 PM PDT by sauropod (You can elect your very own tyranny - Mark Levin)
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To: greywar

BTTT


4 posted on 03/20/2012 3:55:22 PM PDT by SharpRightTurn ( White, black, and red all over--America's affirmative action, metrosexual president.)
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To: humblegunner

Sorry, looks like someone already beat me to the answer there.

Please, feel free to read other things if you prefer.


5 posted on 03/20/2012 4:00:12 PM PDT by greywar
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To: greywar

“Stabilize” risk. As in the same vein as Directive 10-289?


6 posted on 03/20/2012 4:06:45 PM PDT by Fred Hayek (FUBO, the No Talent Pop Star pResident.)
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To: Fred Hayek

Indeed avoiding any risk to anyone ever seems to be all the reason anyone in government needs to assert more control.

Thank god we are still allowed to drive. Had cars been invented right now the government would never let us have them. Too risky.


7 posted on 03/20/2012 4:12:34 PM PDT by greywar
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To: sauropod
Maybe because I want to read it.

It was excerpted so you can read it?

Hello, McFly.. you're reading HERE. Somebody sending you
to another site is HELPING YOU TO READ IT? I think not.

The pimp could post it ALL right here so you could read it.

Don't be obtuse.

8 posted on 03/20/2012 4:18:01 PM PDT by humblegunner
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To: greywar
Please, feel free to read other things if you prefer.

Fact is your garbage can't be read without providing a hit to your blog.

That makes you a blogpimp.

Why have you excerpted your own material?

Are you USING Free Republic to get hits for your blog?

My word, how scummy and dirty you are.

9 posted on 03/20/2012 4:21:33 PM PDT by humblegunner
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To: humblegunner

You’re the one being “obtuse” pal.

As I tried to explain to you yesterday, this is not your site and you don’t make the rules here.

If I want to read it, I’ll click on it.

Most blogs are not worth clicking on. Occasionally a few are. The choice is mine, not yours.

Got it?


10 posted on 03/20/2012 4:23:24 PM PDT by sauropod (You can elect your very own tyranny - Mark Levin)
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To: greywar
Nice article, thanks for posting it.
11 posted on 03/20/2012 4:24:41 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: humblegunner

Sir,

I have no idea what your issue is but please, feel free to never click on anything I post.


12 posted on 03/20/2012 4:26:22 PM PDT by greywar
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To: sauropod
Got it?

No. You stated that it was excerpted so you could read it.
Why would you not want to read it here?

this is not your site and you don’t make the rules here.

Please point out where I indicated that it was.
As I tried to explain to you yesterday, I dislike pimping.

You may like it to your heart's content. Knock yourself out.

That has NO BEARING on whether I like it or not. And I don't.

Blogpimps suck. And you are free to state that you think
blogpimps are the greatest thing since sliced bread. Got it?

The choice is mine, not yours.

Yep. And I'm not the one making posts objecting to your opinion.

Am I?

13 posted on 03/20/2012 4:31:35 PM PDT by humblegunner
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To: greywar
I have no idea what your issue is

Don't excerpt your crap blog to get hits from FR's traffic.

Post the whole thing here.

Now you know. Easy, huh?

14 posted on 03/20/2012 4:34:57 PM PDT by humblegunner
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To: greywar

You’er making a serious mistake tangling with the gunner.....put down you’re sword...you won’t win this. Just some friendly advice.


15 posted on 03/20/2012 4:35:47 PM PDT by caww
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To: humblegunner
Sorry gunner...forgot to courtesy ping you since I mentioned your name...Post 15
16 posted on 03/20/2012 4:37:48 PM PDT by caww
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To: caww

Sir,

I am not fighting with anyone here. At all.


17 posted on 03/20/2012 4:39:04 PM PDT by greywar
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To: humblegunner

Please feel free to not click on or read my posts.


18 posted on 03/20/2012 4:40:41 PM PDT by greywar
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To: greywar

It’ll come in time...Gunner and others don’t cater much to bloggers who use FR to as they say..”pimp” their sites. I’m just saying...better you not, rather post your article in full.


19 posted on 03/20/2012 4:41:14 PM PDT by caww
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To: humblegunner
*sigh*

You posted yesterday that because you contribute to the site you don't think you should have to read excerpted blog posts.

BTW, yes, I'd rather read them here.

Yep. And I'm not the one making posts objecting to your opinion.

I think you know better than to do that. ;-)

20 posted on 03/20/2012 6:54:15 PM PDT by sauropod (You can elect your very own tyranny - Mark Levin)
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To: humblegunner
*sigh*

You posted yesterday that because you contribute to the site you don't think you should have to read excerpted blog posts.

BTW, yes, I'd rather read them here.

Yep. And I'm not the one making posts objecting to your opinion.

I think you know better than to do that. ;-)

21 posted on 03/20/2012 6:54:27 PM PDT by sauropod (You can elect your very own tyranny - Mark Levin)
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To: humblegunner
*sigh*

You posted yesterday that because you contribute to the site you don't think you should have to read excerpted blog posts.

BTW, yes, I'd rather read them here.

Yep. And I'm not the one making posts objecting to your opinion.

I think you know better than to do that. ;-)

22 posted on 03/20/2012 6:54:45 PM PDT by sauropod (You can elect your very own tyranny - Mark Levin)
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To: sauropod

Maybe I should excerpt my triple post.


23 posted on 03/20/2012 6:55:53 PM PDT by sauropod (You can elect your very own tyranny - Mark Levin)
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To: sauropod

It would make a good blog post.


24 posted on 03/20/2012 7:32:58 PM PDT by greywar
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To: humblegunner

No, you are the one being indescribably hostile for no reason.

Don’t want to read what I post? Amazingly, you can simply not click on it.

It is after all, a Free Republic.


25 posted on 03/20/2012 7:36:33 PM PDT by greywar
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To: sauropod
You posted yesterday that because you contribute to the site you don't think you should have to read excerpted blog posts.

No. Please pay attention.

I stated that I don't contribute to this site to provide free advertising for scummy blogpimps.

Neither should you.

26 posted on 03/21/2012 1:29:48 AM PDT by humblegunner
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To: humblegunner

This is a good site, and a good article.

Excerpted except for two small paragraphs.

Plus only one ad, rotating google ad.

No popups either.

And they link to Free Republic.

You should watch News/Activism more, there are “scummy and dirty” “blog pimps” posting over there.

And some of them have multiple ads, not to mention pop-ups.

Plus they link to facebook and twitter, and other new fangled sites. You know, the ones that Obama used to get into the White House.

Take a look at this one, although it’s probably too late to distract it from the message as there are so many replies.

http://www.freerepublic.com/focus/f-news/2861813/postsfvc


27 posted on 03/21/2012 1:22:09 PM PDT by Syncro (Sarah Palin, the unofficial Tea Party candidate for president--Virtual Jerusalem)
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To: humblegunner

This is a good site, and a good article.

Excerpted except for two small paragraphs.

Plus only one ad, rotating google ad.

No popups either.

And they link to Free Republic.

But it is one of those dreaded BLOGS!

You should watch News/Activism more, there are “scummy and dirty” “blog pimps” posting over there.

And some of them have multiple ads, not to mention pop-ups.

Plus they link to facebook and twitter, and other new fangled sites. You know, the ones that Obama used to get into the White House.

Take a look at this one, although it’s probably too late to distract it from the message as there are so many replies.

http://www.freerepublic.com/focus/f-news/2861813/postsfvc


28 posted on 03/21/2012 1:23:31 PM PDT by Syncro (Sarah Palin, the unofficial Tea Party candidate for president--Virtual Jerusalem)
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To: Syncro
This is a good site, and a good article.

I saw no article. I saw an excerpt directing me to a blog.
A blog written by the poster, who has no need to excerpt.

Take a look at this one, although it’s probably too late to distract it from the message as there are so many replies.

Apparently.

The requested document does not exist on this server.

You should watch News/Activism more, there are “scummy and dirty” “blog pimps” posting over there.

Feel free to whack 'em when you find them.

29 posted on 03/21/2012 1:47:39 PM PDT by humblegunner
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To: humblegunner
The article is at the beginning of the theread, in the "body" part.

Even small dis-incentives can drive economic activity to die off or move.

While discussing the near inevitability of a tax on buying or selling shares
in a company (separate for already existing taxes for gains from those
transaction) the German newspaper Der Speigel cites the British experiment with exactly this sort of tax:



To see why, one must look no further than the meager successes of the British
stock exchange tax, which only applies to share transactions, which constitute a
tiny portion of all financial transactions. Since the introduction of the "Stamp
Duty Reserve Tax" of 0.5 percent on the sale price in 1986, many share
transactions are no longer being handled on the exchange. Instead, they are
traded directly between two parties in the form of a so-called Contract for
Difference (CFD).

These CFDs precisely reflect the changes in the price of a stock, but they
are not subject to any stock exchange tax. Ironically, a tax is now ensuring
that backroom deals are flourishing while the underlying securities are no
longer being publicly traded on the exchange.



The intended effect of the tax never happened and simply drove revenue
elsewhere.


That's the meat of the article, the two sentences left out aren't that important, don't click on the excerpt thingie.

My bad with the hot link, a few letters attached themselves to the end of the url making it inoperative.

Here it is again

Careful: popups, multiple ads and no link to FR. It's not a blog though, so no problem huh?

Feel free to whack 'em when you find them.

Ahhh, no.

Just interesting to see if a site that is this invasive to those that click on it mertits your attention, even though it isn't classified as a blog.

30 posted on 03/22/2012 9:45:23 AM PDT by Syncro (Sarah Palin, the unofficial Tea Party candidate for president--Virtual Jerusalem)
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To: Syncro
Just interesting to see if a site that is this invasive to those that click on it mertits your attention, even though it isn't classified as a blog.

Not really. It doesn't seem as if the author is excerpting his/her own stuff in order to get hits.

Excerpts in and of themselves are not a problem.
Blogs in and of themselves are not a problem.

Bloggers using FR as a hit farm are a problem.. for me.

Absolutely drives me nuts, it does!

31 posted on 03/22/2012 9:54:12 AM PDT by humblegunner
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To: humblegunner
Heh...

Well this guy isn't doing that, I don't have a problem with his GIANT excerpt or his non invasive almost ad free blog.

This blog is an example of what the bloggers area of
FR is all about.

There are some blogs posted here that fit your criteria, but not this one.

What I have a problem with is news sites etc that have many pop-ups (I rarely see them because of pop-up blocker) and ads, especially the automatic ones and roll over ones.

And they excerpt so if you want to read the article, you have to endure the onslaught.

It doesn't matter that much to me though, I just read the article and then leave.

Hay, the bloggers will get punished eventually; self-excerpting can make you go blind! (was that the right place for a semi colon?)

32 posted on 03/22/2012 10:06:45 AM PDT by Syncro (Sarah Palin, the unofficial Tea Party candidate for president--Virtual Jerusalem)
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