Taxation Fairness Quotes
The speech was never actually delivered, but instead the Bishop published it. It received wide distribution including in America where it was published by the Maryland Gazette on September 29, 1774.
Opposing the ratification of the United States Constitution: Left before it ended.
While the majority of the country approve of a financial transaction tax on the stock market, the financial industry has always fought it tooth and nail. It was a long tradition that the Barons and leading aristocrats lands were exempt from the taxes of the king, the most powerful forces in a democracy have lobbied to avoid taxation on their enterprises and finance is one of the very few business areas that have avoided taxation in America. Other than not liking taxes in general, Wall Street and the Banks argue that many financial transactions involve buying and selling securities in huge volume and making a tiny percentage on each share. If there were a tax of even a fraction of one percent, all these profitable trades would become unprofitable. Critics argue that that kind of speculating does not help the economy at all, and is what makes the discriminatory, unfair, computer trading possible and it would be a good reform to make that kind of trading unprofitable as more than 99 percent of the people cannot participate in it nor profit from it.