Why a Financial Transaction Tax Could Be Devastating for Main Street Investors

Why a Financial Transaction Tax Could Be Devastating for Main Street Investors

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses Bernie Sanders' tax proposal, which includes different tax rates on equities, bonds, and derivatives. The proposal is expected to impact Main Street investors by increasing trading costs and affecting retirement savings. The discussion also covers the legislative prospects of the proposal, historical context of financial transaction taxes, and the mark-to-market tax proposal. The video concludes with a discussion on the need for revenue and the political divisions among Democrats regarding these tax proposals.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main concerns about Bernie Sanders' financial transaction tax proposal?

It would decrease the number of available investment options.

It would primarily affect large corporations.

It would increase the cost of trading for Main Street investors.

It would only apply to international transactions.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much could a $100,000 401K account potentially cost over 40 years due to the financial transaction tax?

$200,000

$10,000

$64,000

$130,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential market reaction to the financial transaction tax on 401K accounts?

More investment options

Increased trading frequency

Reduced trading frequency

Higher investment returns

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What historical fact is mentioned about the financial transaction tax in the U.S.?

It was never implemented in the U.S.

It was repealed as bad tax policy in 1965.

It was introduced in 1980.

It is currently in effect.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which senator is associated with the mark-to-market tax proposal?

Senator Sanders

Senator Warren

Senator Schatz

Senator Wyden

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of the mark-to-market tax proposal?

To increase corporate taxes

To reduce the national debt

To tax unrealized capital gains

To eliminate income tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What political division is highlighted in the discussion of taxation proposals?

Between the Senate and the House

Between Republicans and Democrats

Within the Democratic Party

Within the Republican Party