Question: In 2013, will there be an automatic 1% charge for every bank transaction?

[glowing]

Direct Deposits into banks: 1% fee?
Taking $ from savings into checking: 1% fee?

A guest that just checked into the hotel told me that Obama is going to be charging a 1% bank transaction fee for the very movement of any money into or out of a bank account. And that even poor, old widows with their social security checks must have a bank account to have their social security checks direct deposited into. Then they will be hit with this 1% transaction fee.

Is this true? And if it is, was it part of some sort of larger bill that he had to sign for something that we really need... and/ or is it some sort of diabolical move by, say Republicans, to make people say Obama is charging us 1% of our money to bank?

I have NEVER heard of this. Has anyone or does anyone know what the reality of this claim may actually be? There's a lot of spin and crap out there. I truly haven't heard of this before.

[CurtEastPoint]

1. False. Snopes says...

http://www.snopes.com/politics/taxes/debtfree.asp

[Maeve]

2. Snores is your friend (check them first)

http://www.snopes.com/politics/taxes/debtfree.asp

Short answer--no, it's bs

[LeftofObama]

3. I haven't heard anything about it.

And my guess would be that any fees imposed by banks would be by the banks themselves, I don't think the President has anything to do with those.

[marmar]

4. Sounds like the guest is talking out of his/her posterior.

nt

[djean111]

5. This is a bill that is occasionally introduced by one Congressman. It has no sponsors.

It will not happen.
Here is the Snopes for it:
[link:http://www.snopes.com/politics/taxes/debtfree.asp|
http://www.snopes.com/politics/taxes/debtfree.asp

I do think a tiny tax on Wall Street transactions would be a good idea.

[n2doc]

6. Any time you hear of something blaming Obama for some awful government regulation

It is a lie. Pretty simple rule.

[RB TexLa]

7. Are you kidding? The big banks backed off a $8 fee for checking accounts that it takes $12 a month

to maintain on average.

[glowing]

8. I told the man I thought that he wasn't correct with this assertion.

I said possibly a tax on Wall St transactions (which would be a revenue maker), but I didn't think that the Govt could impose a 1% fee on transactions on individual accounts. It doesn't make any sense.... And if that were the case, the banks would have to eat the costs OR lose a whole lot of bankers.

I'm at work.. I know google and snopes are my "friends", but I still got the answer from y'all, regardless of the put downs and I was able to find out without being too distracted from what I'm actually supposed to be doing (working) LOL...

Thanks everyone.

[bhikkhu]

9. I heard yesterday that Obama was going to declare martial law and make himself dictator

...which is about as likely.

on edit...come to think of it, the guy who told me that was the same guy who told me two years ago that the health care bill was going to require us all to be implanted with tracking chips!

[glowing]

13. If u see my posting numbers and length

Of time on the board, then u would realize I'm not a wolf in sheep's clothing. It's what happened with a guest and DU is awesome at helping de-bunk; and rather quickly, I might add.

Unless, the general snark is at the stream of bull crap flung everyday...so many lies to disprove constantly..

[bhikkhu]

16. No problem - I took it as a real question

and there have been many times where I hear something unwelcome that's probably baloney, but have to check to make sure. Not so much snark as - I've been there, and its good to keep a sense of humor.

[muriel_volestrangler]

18. Maybe you should withdraw your recommendation of your own OP

just to show that you understand it was a silly, already debunked, rumour.

[glowing]

21. I don't know why?

Why can't I get a question answered by a forum that I love and respect and I know will have the answers quickly? I was trying to get the answer before he left the hotel so he doesn't keep running around shooting off his mouth about this false rumor.

I thank the people who helped me out quickly.

And of course, for every helpful post, there is another user who would rather chew me out, rather than helping a fellow DU'er out.

I've been around since 2004... And i have seen the changes and felt the difference. The level of impatience, indifference, and general "community good willed spirit" has definately changed since 2008 and the whole primary show down.... And also now that we have President Obama and the fits and spasms of trying to figure out how to be supportive in a Democratic Party manner, but also maintain one's own moral objectives to being human and having humanity and liberal tendencies that have not always been lives up to under the Demcratic Party when in power.

It's hard to know the line. It's tough to throw out criticism knowing that the mdia is going to lap up any discontent within the "grass root/ net root" liberal community that will be there to GOTV for election time and will vote for the democratic ticket because the alternative is scary... The tea bagging gov's implementing these laws against women and gays and voting and unions; along with the House and Senate ruining tue country in order to win an election.

So, I think people r a bit sensitive. The fights about people's morals and ideals are real. And the knowledge that if, the mega rich/ corps/ lobbyists/ industries didn't own the system in the manner that it does, we could have a world that looks and feels and is better. Knowing the could be, should be and the frustration of the ideal that is touchable... If only money wasn't so powerful a decoder on our fate in this world.

[brush]

10. 1% transaction fee?

This sounds like a rumor started by the repug party to scare voters away from the President. Don't fall for it. It's like what the repugs did during the Bush administration: They'd name their anti-environment, lack of sensible regulation bills just the opposite of what the bills really meant; i.e., the Blue Skies Act actually allowed corporations to spew even more pollution into the air. And the Clean Water bill allowed more tainted, pollution-filled waste to be dumped into our lakes, streams and rivers. Sounds to me like the repugs are floating ideas out there that they're really thinking about trying. They'll gauge the reaction and if 1% scares the sh it out of people, they may counter later after the election with .5% or .25% and people will be so relieved it's not a full 1% that they'll fall for it. They don't call them dirty tricksters for nothing.

[LiberalFighter]

11. Romney will sign a bill

that will require all bank users to be assessed 10 cents per transaction and will be deposited in his bank account in the Cayman Islands.

[annabanana]

12. Sounds like some twisting of the "Robin Hood Tax" which would charge an

infinitesimal fee on every trade of every commodity in the markets, including the lightning-fast electronic trades. This would generate enough income to pretty much solve all the financial problems we are having with education, transportation, health care, social security etc etc etc

Anything that the BANKS charge US.. is just more money for the banks.

[mrmpa]

14. Stop giving them ideas....eom

[Rosa Luxemburg]

15. Why would you post this here?

[MineralMan]

20. Always a good question to ask...

I wondered the same thing.

[magical thyme]

17. is that before or after the internment camps? nt

[MineralMan]

19. When it sounds like bullshit, check before posting.

As has been pointed out to you, Snopes has already debunked this Right wing hoax.

Stuff you hear in passing, and stuff you get forwarded to you in email is usually wrong. Check before posting, please.