TAX ALL STOCK TRANSACTIONS

Taxes on tangible items harm the economy.
Sales taxes on tangible items reduce the number of
items sold and create a hardship for poor customers.
Taxes on real estate hurt property owners and their tenants.
Taxes on income hurt wage earners.
Taxes on rich peoples tangible property or income hurt their
tenants when that cost is passed on to them through a rent increase.
Stocks in the stock market are intangible instead of tangible.
Not everybody owns stocks. Closely held corporations do not even
use stocks. Stocks are used by publicly held corporations to raise
captial for investments. Another source of funding for corporations is
profit made on incoming money from customers minus cost of goods sold.
Taxes on stocks are far less painful than other kinds of taxes.
In the past politicians have not thought of taxing stocks because
very few people own stocks. Poor people do not own stocks and not every
rich person owns stocks.
Only a politcal minority of all Americans own stocks.
Currently the capital gains tax is only a tax on profit made on sales
of stocks and is part of the income tax.
Members of congress have a right to impose new taxes on all stock
transactions.
There will be a new tax on stock sales when stocks are sold.
There will also be a new tax on dividends.

Tax type	Tax amount
Obamacare mandate replacement tax	7%
Medicare part B premium replacement tax	3%
Higher education tuition replacement tax paid directly to universities	1%
total stock tax	11%

Taxes on tangible property and income
are way too high. High sales taxes on tangible
personal property create a hardship
for poor people.
 When real property or income of all rich people is taxed
the cost of those taxes is far too often passed on to
poor tenants.
Tenants need to think about their future rent increase
amount before voting on either property tax increases or
increases in the tax on all income earned by all rich people.
A better approach is to avoid taxing
income of landlords and
real property owned by landlords and homeowners who vote.
-----
Written by Eric Matteson
Permission is granted to copy this script in plain text and html form
and to publish it on the Internet.
(Scene 1. Bernie Sanders at proposed rally. Saturday June 4th)
(The rally has been canceled by a city councilperson. Mark McCain lands
his airplane in the empty parking lot.)
MARK
 Is this the right place for the rally? almost nobody is here.
BERNIE
Apparently a city councilperson has vetoed the permit application.
This rally has been canceled.
I need a ride to some other place where we an try to campaign.
MARK
lets get in my DC-3 airplane.
(Scene 2 on board DC-3 airplane)
(Bernie and Mark then get in the airplane.
They then fly to New Mexico
 There is a landing on the
McCain ranch near North Fork New Mexico.)
(Scene 3 Ranch house at MCain Ranch. Mark and Bernie are at
table waiting for dinner to cook.)
MARK
If you are elected President what will you do differently from
the other three candidates?
BERNIE
I want to make higher education free or as close to free as possible.
MARK
How ?
BERNIE
by taxing rich people.
MARK
If you tax rich people then rich landlords will pass the cost of
any additional tax on their income or property on to poor tenants.
BERNIE
 Instead of taxing land or income of landlords I want to tax stock
market speculation to send money directly to publicly funded
universities and community colleges that have free admission or
extremely affordable in state tuition and fees for in state students.
Teachers also need to search for affordable textbooks for students.
The copyright law does not allow textbook rentals. Textbooks should
be sold to students for affordable prices instead of rented.
MARK
What is the stock Market? I have never heard of it.
BERNIE
Stocks are used as an alternative to loans to help corporations
raise money to expand. Publicly held large corporations sell
new stocks to pay for expansion instead of borrowing money that
has to be repaid.
MARK
Will businesses suffer if a great big tax is imposed on the sale
of stocks?
BERNIE
Not every business even uses stocks. Part of the income from
customers can still be used to expand a business even if nobody wants
to buy stocks because of high taxes on stocks.
Poor people do not buy stocks. Only a small percentage of rich
people buy stocks.
MARK
I have never heard of taxing stock purchases before. Scince only
a small number of people buy stocks there is only a small amount
of money available for tax collectors in the stock market.
BERNIE
Some rich people have spent a lot of money on buying stocks.
There is a very large amount of money in the stock market available
to the IRS as soon a congress passes the new tax on the sale of
all stocks.
(Scene 4 at McCain ranch. Next morning sunrise at Sunday June 5th.)
( Mark McCain refuels his DC-3 airplane. Then Mark and Bernie get on board
and fly to Colorado.)
(Scene 5. Front desk at Overlook hotel in Colorado mountains.)
ULLMAN
Mark, Room 120 is still vacant from after you left last time. Here
is the key to room 120.
Bernie, I am assigning you to room 236. Here is the key to room 236.
I have noticed you are very close to obtaining enough delegates to
win the Democratic party nomination for president.
( Mark then goes to room 120 and Bernie goes to the kitchen to look
for a snack)
(Scene 6. Overlook hotel kitchen table.)
JULIE
Danny had asked Hilary Clinton several days ago whether she
is afraid of the number 1237.
BERNIE
Danny, is there any number you are afraid of?
DANNY
I am afraid of the number 2383 especially if Hilary Clinton gets
2383 delegates before you do. If Hilary Clinton is elected president
she will break America.
I hope that Hilary Clinton loses the primary eletion so we do not
have to wait until November to defeat her.
BERNIE
I agree. I hope that I win the primary election instead of Hilary Clinton.
( Scene 7. sundown.)
(Scene 8. Sunrise Monday, June 6th, 2016)
(Scene 9. Walter is in room 101. Sylvester shows up for a visit.
WALTER
Come in Sylvester.
Last weeks Linux convention was very successful. Linux has been working
very well. Linux plus 32-bit dependency libraries plus wine is ready
to replace Microsoft Windows for most third party programs.
SYLVESTER
A hollywood scriptwriter had sent an e-mail to a list of US
Senate candidates to propose an all volunteer jury system
in which volunteers choose a starting month and a courthouse.
 The mandatory jury duty system creates a hardship for people
who are summoned and have to travel long distances and miss
important workdays.
 A primary election US Senate candidate had even replied
that the only thing that is despised even more than politicians
is jury duty. He was one of the three candidates who replied
to the e-mail. All 3 replies were from Republican candidates.
WALTER
The only political idea that is even rarer
than an all volunteer jury system
is the idea of taxing
the sale of every stock in the stock market.
Sylvester, Go to room 120 and notify Mark McCain that
5 TV networks are preparing for Bernie Sanders campaign speech there.
The TV crew will soon arrive in the ballroom.
(Scene 10. Overlook hotel ballroom. Monday, June 6th, 2016)
(TV cameras are ready to go. Bernie Sanders arrives at the Podium.
There is a chalkboard with a list of taxes on the sale of stocks.
Obamacare mandates replacement tax             7%
 Medicare part B premium replacement tax       3%
Higher education tax paid to universites and c 1%
Total stock sales tax                         11%
BERNIE
We need to tax the stock market in order to pay for
higher education and healthcare.
SYLVESTER
You forgot a couple of taxes. Add these two taxes to your list
on the blackboard.
(Sylvester passes a paper note to Bernie)
Obamcare PREMIUM replacement tax               8%
replacement for reduction in Capital gains tax 1%
WALTER
The new total is a tax of 20% on the sale of every stock
and on every dividend generated by any stock.
SYLVESTER
Bernie, how do you think this shifting of the tax burden
to stocks for expensive things like healthcare will
affect the economy.
BERNIE
Suppose congress passes this new 20% tax on all stock market
transactions. The Obamacare individual and employer mandates
will be eliminated. People will have 2-1/2 percent more income
to spend on businesses without the individual mandate plus
what they save by no longer paying premiums.
 Workers will be allowed to work a full 40 hours a week instead
of being limited to only 29 hours. Productivity at corporations
with then increase by 133%
 Suppose that this help causes an increase in the value of the
stock next year by 19% more than the normal increase in that stocks
value. Only one per cent of that 20 percent tax will be paid
for by humans and the other 19% will be paid for by the hidden portion
of the stock market so humans will no longer have to pay the entire
tax when taxes are imposed on stocks instead of income or tangible
property of any kind.
Stocks are intangible.
Taxes on stocks hurt the economy far less than other taxes.
I SUPPORT THE TAXING OF STOCKS IN THe STOCK MARKET.
( Crowd roars with applause and clapping and cheering. )
DANNY
Bernie, I am afraid of Hilary Clinton. If Hilary Clinton is elected
president she will break America. Hilary will not change the
very expensive Obamacare healthcare law of 2010 that we have now.
 I am afraid that Hilary Clinton might win the nomination
by cheating and then cheat her way into the white house and I
am afraid the she will BREAK AMERICA!!
 Pretty please DEFEAT Hilary Clinton in tommorows primary election
in several states including California.
BERNIE
Please be patient. My campaign has had a late start. I almost won
Kentucky. My campaign has reached at least one Hollywood scriptwriter.
(End of scene)

Tax Stocks in stock market.

TAX ALL STOCK TRANSACTIONS