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To: shubi

"A 1% or less transaction tax on investment transactions would be far better than the horrors of the current system."





A 1% tax each time I bought and sold a stock?? When I'm trying desparately to make 10% a year?!?!?

You'd have to structure it to exempt investment transactions. Period. Absolute DOA non-starter otherwise. Capital flow would STOP, and other countries would fly right past us economically.


62 posted on 11/28/2004 9:16:50 AM PST by Eccl 10:2 (Pray, pray, pray that we as a people are deserving of godly leaders.)
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To: Eccl 10:2

If 1% or less would stop you from making an investment, perhaps that would save you a lot of losses. ;-)

Wouldn't you pay a little bit to get rid of IRS?


63 posted on 11/28/2004 9:18:14 AM PST by shubi (Those who expect to reap the blessings of freedom,must undergo the fatigues of supporting it.)
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