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

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.

How would the proposed tax affect Main Street investors saving for retirement?

What are the two key takeaways regarding the impact of the proposed financial transaction tax?

What is the estimated cost of the financial transaction tax for a $100,000 investment in a 401K over 40 years?

What are the potential reactions of the marketplace if the financial transaction tax is implemented?

What are the differing views among Democrats regarding the financial transaction tax?

What historical context is provided regarding the financial transaction tax in the United States?

What is the mark to market bill and how does it relate to capital gains?