{"id":5204,"date":"2009-12-08T16:50:52","date_gmt":"2009-12-08T21:50:52","guid":{"rendered":"http:\/\/conservative-compendium.com\/wordpress\/?p=5204"},"modified":"2009-12-08T16:50:52","modified_gmt":"2009-12-08T21:50:52","slug":"nancy-pelosi-wants-global-financial-tax","status":"publish","type":"post","link":"http:\/\/briangarst.com\/2009\/12\/nancy-pelosi-wants-global-financial-tax\/","title":{"rendered":"Nancy Pelosi Wants Global Financial Tax"},"content":{"rendered":"<p>We need to <a href=\"http:\/\/www.cnsnews.com\/news\/article\/58099\">&#8220;pitch in&#8221; more<\/a>:<\/p>\n<blockquote><p>House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a \u201cglobal\u201d tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending.<\/p>\n<p>At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made \u201cglobal\u201d to keep U.S. investors from taking their business overseas and out of taxable reach.<\/p>\n<p>&#8230;Pelosi said she thought the idea might have currency among a public eager to see Wall Street firms \u201cpitching in\u201d to help the government grow the economy.<\/p>\n<p>\u201cI think there would be a market for it among the American people to say that we are all participating in the economic prosperity of our country, and we are all pitching in to continue that prosperity,\u201d said Pelosi.<\/p><\/blockquote>\n<p>Nancy Pelosi&#8217;s view of society and the economy is gloriously and unabashedly foolish.<\/p>\n<p>Let me get this straight: we need to tax productive financial transactions and give that money to a cadre of bureaucrats and politicos, who will then waste it <a href=\"http:\/\/biggovernment.com\/2009\/12\/08\/stimulus-checkup-a-closer-look-at-100-questionable-projects\/\">various and sundry ways<\/a>, in order to be prosperous.\u00a0 No.<\/p>\n<p>Taxes are not how we contribute to prosperity.\u00a0 We contribute to prosperity by producing, and taxes are a burden on production.\u00a0 Nancy Pelosi has it exactly backwards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We need to &#8220;pitch in&#8221; more: House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a \u201cglobal\u201d tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending. At her weekly press briefing on Thursday, Pelosi said [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28],"tags":[233,112],"_links":{"self":[{"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/posts\/5204"}],"collection":[{"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/comments?post=5204"}],"version-history":[{"count":0,"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/posts\/5204\/revisions"}],"wp:attachment":[{"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/media?parent=5204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/categories?post=5204"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/briangarst.com\/wp-json\/wp\/v2\/tags?post=5204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}