Paul Romano: Wall Street: the ultimate and most ruthless taxman |

Paul Romano: Wall Street: the ultimate and most ruthless taxman

Where do all these trading profits that all these Wall Street firms report come from? They come from all of us – all of society. Like a giant TAX. Just like the government but they just pocket every penny of it. But unlike the government, none, zero, comes back to us except via an occasional charity.

There is no other source for those profits. Like the government, they do not do anything to actually earn anything, or produce a product with a real profit. They just take a big slice out of everything in our economy – and keep it!

For every profit they win and take, there is a loser. Where else does the money come from? Those losers are all of us who invest stupidly in stocks, and the holders of which are the losers when they trade profitably against us.

These firms are all taxing all of us every day, without limits.

Why do we allow this? Because we think we can beat them at their game?

And 90+ percent of the world doesn’t even try to. They can’t. They just pay every day.

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