A Tale Of The Whining in The Wind.

       Listen! Listen close. Do ya hear it? Can you hear all that whining? It's on the wind. It's in the country and in the cities. All that whining is about a Financial Transaction Tax levied by eleven countries in Europe. But it effects any transaction involving any company or bank or anything else from those countries. Which means it's spreading all over the world.
       Investors aren't taking this lying down, I can tell you that much. Instead of lying down, they're running around whining. It means they have to pay a small amount every time they buy or sell a stock or bond involving any entity from those countries. I can tell you this much. They don't like it. Not one little bit. Which tells me, it's probably a good idea. In fact, the louder investors squeal, the better the idea sounds.
       Look, it's not that I want anyone to be unfairly targeted by taxes. In fact I think this is just the kind of tax that targets the widest demographic with the wear-with-all to actually pay a tax. Let's face it. The poor don't have enough money to pay any tax, and the middle class is disappearing before our eyes. That only leaves the wealthy. And it's the wealthy that mostly are involved with buying and selling financial transactions.
       True, there are pension plans and individual retirement plans that get involved in international financial transactions, but they mostly affect the upper middle class and wealthy. And it's not like I dislike the wealthy. I still hope to become one of them. As soon as I win the lottery. But income gaps keep on growing. Through the recovery of the Great Recession, the top one percent saw income growth of about eleven percent, but the other 99 percent have been blessed with a half a percent decrease in income.
       So financial transaction taxes target the only people who have been treated to the increases and forgives those who haven't. Of course you're bound to hear that argument that this is class warfare. Actually the class warfare is the eleven percent growth against the half percent decrease. The wealthy are still the only ones to see the end of the Great Recession.