Transaction Fees on Risky Transactions
What is a risky transaction?
Soon our smart bureaucrats in Washington, who can’t seem to get us out of a recession, and in fact are getting us mired into a deeper depression, are going to tell us they will tax us more with possibly a fee on transactions on trades they think are risky.
But what is risk? Buying stocks in a depression? Going for broke with spending we won’t be able to pay back without cheapening the dollar? Has anyone truly decided what it is?
When the White House carries on about risky investments and it seems no one there is qualified to really understand the term, it’s time to hold on to your pocketbooks.
You cannot easily quantify the term, especially in the political vacuum of the White House and the halls of Congress. When securities transaction fees become a no man’s land, head for the hills for cover.
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