James Pethokoukis

Obama and the Investor Class

October 12, 2010

Larry Kudlow lays out a compelling case here:

A series of investor-related polls shows how totally detached the president is from the nearly 100 million folks who directly or indirectly own stocks.

A $150 billion a year financial Tobin tax? Really?

October 12, 2009

The idea of a Tobin tax, a tax on financial transactions, is gaing some mo’ in Congress (via WSJ):

More on the union-Dem plan for new investment taxes

September 1, 2009

I got some really great comments on that post

1) Don’t these idiots realize that a transaction tax makes a market even more volatile? Look at China for example, they have a 1/10 % transaction tax, which severely reduces liquidity. Look how their market girates UP 5% one day, DOWN 8% the next! If you want to generate some fees from trading profits, TAX the profit on on those who earn them. Like Goldman Sachs & Warren Buffet. Don’t let them weasel their way out!

Obama and the Investor Class: more on the Great Coincidence

July 29, 2009

Obama agenda falters, stock market rallies. I like to call this the Great Coincidence since, of course, the Investor Class would have no problem during a recession with higher income, investment, corporate, healthcare and energy taxes plus more regulation and intervention into the private sector. But wait! This article from The Hill makes the case that there might be something real to the GC after all (bold is mine):