Government Stupidity - Jeff Clark: The government is about to destroy the market

Thursday, February 09, 2012




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Jeff Clark: The government is about to destroy the market

Thursday, December 10, 2009
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By Jeff Clark in Growth Stock Wire:

Is there no common sense left anywhere in Washington D.C.? Just when you think our elected officials have reached the peak of stupidity, they somehow manage to go a little farther.

Back in February, U.S. Congressman Peter DeFazio introduced bill HR 1068, "Let Wall Street Pay for Wall Street's Bailout Act of 2009." The proposed legislation imposes a 0.25% tax on all stock, bond, and option transactions. So anyone with the audacity to buy and sell 100 shares of Apple would pay about $50 in taxes for the round trip.

There are so many problems with this proposed legislation, I don't know where to start. How about with the name? This is not "Wall Street paying for Wall Street's bailout." You and I, as taxpayers, have already paid for that. Now, you and I, as...

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Topics:		Government Stupidity \| Jeff Clark \| Cruxallaneous

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