General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo Thomas Peterffy, founder of interactive brokers has an ad on bloomberg essentially calling the
President a socialist
I don't use interactive brokers, but if I did, after seeing that ad, I would drop them like a hot potato
andym
(5,443 posts)Of course, he would like an unregulated SEC that Romney would provide.
HughBeaumont
(24,461 posts)First of all, as it was mentioned previously, current Democratic Socialism is not even CLOSE to the same thing as Soviet-style totalitarianism, of which Hungary was under control during his time there. NOT EVEN CLOSE. Thomas is trying to equate a false equivalency, but unfortunately, the low-education absolutists are primarily watching this ad and consuming the red meat heartily.
Second, letting the wealthy completely off the hook from their fair share helps the wealthy. NO one else.
The charts debunking the benevolence of the wealthy when you give them and corporations tax breaks are incontrovertible. It's the same as giving them free goddamned money and expecting something in return. They'll take that bonus cash and up the opulence, right along with their middle fingers.
still_one
(92,204 posts)Since most of those watching Bloomberg I suspect want Romney, and resources could be better spent
Still I would like them to counter
kimbutgar
(21,155 posts)To go back to regulations. I hope they reinstate glass stegall. That is wall streets biggest fear. The greedy sobs will still make money just not obscene amounts of money.
Wellstone ruled
(34,661 posts)of Wall Street. Just came back from our Schwab page,these High Frequency Traders were at it big time in the first hour and half after the market open again this morning. This turkey should be locked up and the keys thrown away. Willard's ties to these turds go back years. Pension Funds and 401 k funds hit the market every two weeks as dictated by law,they have so many days to use incoming funds. In saying that,these HFT algos come in and jack the crap out of bid ask prices and steal this money. Talk about rigged, What really sucks is these f---'s pay only 15% cap gains or differed gains,or carried interest. We get hit for taxes due at the regular tax rate when we use any monies from our IRA's or 401 k's . Willard pays,maybe 13%,we get hit for 28-33%,is that rigged or not.