I want to setup a simple ssh tunnel from a local machine to a machine on the internet. I\'m using
ssh -D 8080 -f -C -q -N -p 12122
To get more information out of your SSH connection for debugging, leave out the -q and -f options, and include -vvv:
ssh -D 8080 -vvv -N -p 12122 @
To address your actual problem, by using ssh -D you're essentially setting up a SOCKS proxy which I believe is not supported by default in wget.
You might have better luck with curl which provides SOCKS suport via the --socks option.
If you really really need to use wget, you'll have to recompile your own version to include socks support. There should be an option for ./configure somewhere along the lines of --with-socks.
Alternatively, look into tsock which can intercept outgoing network connections and redirecting them through a SOCKS server.