Lefties are salivating over the prospect of a bill with a fittingly commie-sounding name: The “Inclusive Prosperity Act.” The bill would impose a tax on the trading of stocks, bonds and derivatives and is really, incredibly, horribly stupid. Which is why people like Rep. Keith Ellison support it as a way of funneling more money to the government:
“People like, George Soros, Bill Gates, Warren Buffett, Paul Krugman, Joe Stiglitz, Jeffrey Sax, Dean Baker, Robert Poland, Larry Summers have said they all support a transaction tax,” Ellison said.
“The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,” Ellison continued, “The government has a right, the government and the people of the United States have a right to run the programs of the United States. Health, welfare, housing – all these things.”
Well, if Krugman supports it, it’s definitely a bad idea.
Capitalist-socialist hypocrites like Soros pitch this idea like it’s a “one percent” thing, but over half of Americans have money in the stock market. Just what we need, another tax on working America just because Keith Ellison and the rest of the tax and spenders need more and more to satisfy their crack-addict style addictions.
It’s just a matter of time before people like Ellison are opening calling for the government to raid savings accounts (he’ll refer to it as “involuntary FDIC premium payments” or something like that).