Traveling overseas? Then you’re going to need to exchange your American dollars into zlotys or bolivars or doubloons. And liberal Congressman Pete Stark sees that as opportunity to dig deeper into your pocket.
Here is how the left wing lunatic makes his case in The Hill:
Wealthy traders and big financial institutions make huge bets on the fluctuations in currency value, and they can make massive profits if their bets are correct. This type of speculation helped to worsen the recent financial crisis and serves no purpose other than to make a few people and institutions even richer.
Today, I introduced H.R. 5783, the Investing in Our Future Act. My legislation would simply impose a small tax — of 0.005 percent — on these currency transactions. The money raised would be put toward investments in children, global health and climate change mitigation.
Of course, what Stark doesn’t say is that the tax would also be felt by the average Joe taking a vacation overseas.
So with that in mind, we make this heartfelt appeal to anyone who knows Mr. Stark:
Please let the esteemed congressman know that there already is a tax on currency. We pay it through interest rates established by the Federal Reserve and through the inflation brought about by the hyper creation of fiat money.
While you’re at it could you also please inform him that if he is really so concerned with the children, perhaps he should work against the trillions of dollars in debt this congress and this President are assigning to them.
Now please remove your hand from my pocket, Congressman.
Source: TheHill.com
