You all have heard me harp on this perverted idea being headed up by Congress called “Let Wall Street Pay for the Restoration of Main Street Act of 2009” which would essentially bankrupt the brokerage accounts of every trader out there over the long run. Congress is proposing a tax of 0.25% tax on every transaction made, whether you are buying or selling. This would nail your 401(k)’s, IRA’s and any other type of brokerage account you might own.
The scumbags that are heading this up, (“scumbag” is the nicest word I could find to descibe these lunies) and those that support the bill have this belief that we work for “Them” rathan than they working “Us”.
Follow the link to the petition below and make sure you let your voice be heard!
