"and would exempt the first $100,000 worth of trades each year."
I know a lot of people here make that much and more, but certainly not me (maybe someday)... So a lot of small-time flippers won't even be affected. I was against the tax until I read that line.
Well I'm still against all income-based, unapportioned, direct taxes for several reasons, including the fact that the 'deficit' the taxes are allegedly going to pay, is artificially created by the 'loaning' of money from the Fed to the US Gov. and could be replaced completely with a better paradigm that simply does not include the arbitrary interest. I don't mind any other taxes, but income tax has to go. How would a farmer feel if every day some government bottom feeder entered his chicken barn and stole 35% of the eggs each morning before the farmer was able to feed his own family? Then the stolen eggs are given to a private cabal of people who don't even need them (private interests behind the fed.) Anyhow..
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