Taxing transactions: I told you so
We didn't have to wait long for the Democrats to make the next step in their plans to implement economic slavery.
The always odious Rep. Pete Stark (D-Insanity) leads the charge:
Today, I introduced H.R. 5783, the Investing in Our Future Act. My legislation would simply impose a small tax - of 0.005 percent - on these currency transactions.
This will of course grow from "banks" to include everyone. Every time money, goods or services changes hands the government will want a piece of the action.
The result will be economic stagnation and a black market not seen since prohibition.
The always odious Rep. Pete Stark (D-Insanity) leads the charge:
Today, I introduced H.R. 5783, the Investing in Our Future Act. My legislation would simply impose a small tax - of 0.005 percent - on these currency transactions.
This will of course grow from "banks" to include everyone. Every time money, goods or services changes hands the government will want a piece of the action.
The result will be economic stagnation and a black market not seen since prohibition.