Charles Payne

HR 1579 is patterned after a similar tax being implemented by 11 European countries, and already in place in every major financial world market except the U.S. It targets the wealthiest of the wealthy, the bankers and brokers whose gambling broke our economy, and the top 1 percent who own most of the nation’s stocks and bonds, says the Robin Hood Tax Campaign.

-Charles Idelson
California Nurses Association

The real battle in America continues to be the effort to reach into the pockets of corporate America to fund a Utopian nation that offers rewards as a birthright, instead of through hard work, sacrifice, and determination. Make no mistake; the secondary goal of Michael Lewis’ “Flash Point” involves social justice that can only be achieved by destroying the capitalist system. The best way to do this is to first wreck Wall Street then shift its financial power and clout to the control of the central government.

Plus, there is a lot of money on Wall Street and a welfare-driven utopia with living standards 20 times greater than the rest of the world; (benefits totaling $45,000 a year, is a fortune within half of the planet), and never stops churning through cash. With federal debt at $17 trillion and pushback against government spending, the corporate income statement looks very attractive. Moreover, making corporate income statements and balance sheets part of the public domain is the ultimate goal.

Safety razor magnet, King Gillette, worked hard to become wealthy and enjoyed a life of fun, frolic, and gambling, but also he dreamed of building a socialist utopia. The dream was to push most Americans into an area that encompassed New York and New England. This world would be powered by energy generated from Niagara Falls. In a modern day version, the financial engine would plug into Wall Street, however all businesses would have to give up a piece of the action.

Stealing is something all societies do not condone. Yet the idea of going deeper into the pockets of people beyond current hefty penalties of taxes is a form of stealing. To counter this notion, Wall Street and capitalism have to be demonized and ripe for the picking…or stealing. The fact that the left would use today, the anniversary of the assassination of Martin Luther King, as another excuse for an attack on our economic system is hard to stomach.


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.
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