Posted by rgoodwin on 25th of Jun 2009 at 02:53 pm
I happened to catch part of an interview - he says we need to
change our tax structure and among other things said if you buy a
stock in the mornig and sell it in the afternoon - that gain
should be taxed at 80%, then he proceeded to talk abouy 60% if you
hold 6 months and NO tax if you hold 5 years - I guess his goal is
for EVERYONE TO GO BROKE - traders by virtue of taxes, hold and
hopers by virtue of the market going to 300. Where do these idiots
and there ridiculous theories come from?
Posted by rgoodwin on 25th of Jun 2009 at 02:56 pm
Yeah and since no one has anything left in 401K's to use for
bills, and jobs disappearing like water in the desert- guess we'll
all be living off the government - er, um, rather China.
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Gerstner On Bloomberg
Posted by rgoodwin on 25th of Jun 2009 at 02:53 pm
I happened to catch part of an interview - he says we need to change our tax structure and among other things said if you buy a stock in the mornig and sell it in the afternoon - that gain should be taxed at 80%, then he proceeded to talk abouy 60% if you hold 6 months and NO tax if you hold 5 years - I guess his goal is for EVERYONE TO GO BROKE - traders by virtue of taxes, hold and hopers by virtue of the market going to 300. Where do these idiots and there ridiculous theories come from?
whoa...that would put a lot
Posted by dylan398 on 25th of Jun 2009 at 02:55 pm
whoa...that would put a lot of traders out of work.....
It won't happen
Posted by ravun on 25th of Jun 2009 at 02:57 pm
can u imagine that, so I take it that would apply to institutions who change strategy and all the hedge funds as well...
it won't happen
Posted by ditch on 25th of Jun 2009 at 03:00 pm
Have you called your representatives to tell them to vote against Cap and Trade that is coming up for a vote tomorrow?
Yeah and since no one
Posted by rgoodwin on 25th of Jun 2009 at 02:56 pm
Yeah and since no one has anything left in 401K's to use for bills, and jobs disappearing like water in the desert- guess we'll all be living off the government - er, um, rather China.