Taxing Wall Street to Fund Jobs and Recovery on Main Street
December 8th, 2009 admin
What if Wall Street’s financial transactions could be taxed to help fund job creation and economic recovery on Main Street? Politically the idea is vastly appealing, especially in the wake of Wall Street’s bailouts and the resurgence of its obscene bonus plans. But as it turns out a financial transactions tax also makes a lot of economic sense. The basic idea is fairly simple. Impose a small percentage tax of anywhere from .02% to .5% on things like securities trades and derivatives transactions, thereby generating an estimated $150 billion annually. Support is now growing for such a financial transactions tax…
Related Videos from Youtube
Ed Show w/ Cenk: Wall Street Vs. Ma...Cenk Uygur (host of The Young Turks) filling in for Ed Schultz on MSNBC talks about the fundamental error of confusing the interests of Wall Street with the interests of Main Street and the middle class.
Main Street Electrical Parade retur...The fan-favorite Main Street Electrical Parade has returned to Walt Disney World's Magic Kingdom. More importantly, it is now being performed nightly on Main Street USA! This video shows its first public performance on June 5, 2010 after returning to Orlando as part of Disney's Summer Nightastic promotion. Visit www.InsideTheMagic.net for much more from Summer Nightastic and Walt Disney World!
Main Street Electrical Parade June...This is a video of the Magic Kingdom Main Street Electrical Parade filmed on June 5, 2010. However, the music used has been creatively edited from the old Disneyland version of this procession.
Exile On Main Street 2010 - From Th...A behind the scenes look at the making of the Deluxe Exile On Main Street - Available from 17th May! store.universal-music.co.uk
Related Posts
First quarter 2010 earnings reports have been rolling in from the big Wall Street banks, and thus far the combined profits from the four largest topped $15 billion. This morning Goldman Sachs, which has been accused of securities fraud by the Securities and Exchange Commission (SEC), reported its first quarter earnings at $3.46 billion . With its...
Chanting “Good Jobs Now! Make Wall Street Pay!” and “They Got Bailed Out! We Got Left Out!” more than 15,000 union members, unemployed workers, community activists and progressive citizens jammed the streets of Lower Manhattan yesterday to march for good jobs and Wall Street reform. Before leading the huge crowd in a March...
A couple different responses to the fact that everyone but a few congressional Republicans hates Wall Street bankers, their giant bonuses, and that whole “creating an economic crisis” thing. Some bankers held a – well, they called it a rally, but apparently it was more of a press conference – to launch an organization called restorewallstreet.com,...
Americans for Financial Reform and Americans for Fairness in Lending have a new video out supporting a strong, independent Consumer Financial Protection Agency as part of financial regulatory reform. It features the voices of President Obama and CFPA advocate Elizabeth Warren. They’ve also got a cool new site at protecttheconsumer.org with...
Let’s make no mistake: When Republicans obstruct financial reform legislation, preventing it from even being debated openly on the floor of the Senate for everyone to hear, they are protecting Wall Street from being called to account for its irresponsibility and greed and the damage it has done to the economy as a whole and to millions of individual...
Yesterday afternoon, as expected, every Republican in the Senate (and Democrat Ben Nelson) voted against beginning public debate of financial reform. But while such votes have killed a lot of bills in recent years, this time Harry Reid is playing hardball : Last night, after Republicans voted to sustain their filibuster of Wall Street reform legislation,...
Image source USA Today reports: A Treasury Department watchdog is warning that a key $700 billion bailout program has damaged the government’s credibility, won’t earn taxpayers all their money back and has done little to change a culture of recklessness on Wall Street. “The American people’s belief that the funds went into...
Reuters: Incentives at financial firms should rise from 2009 levels but remain below the record payouts of 2007, according to compensation consultant Johnson Associates. Average compensation at investment and commercial banks is set to rise for the second straight year, while payouts at asset managers should rebound from a 2009 trough, the report...
Working America’s Kim marches on Wall Street and Mitchell gets the picture:
Read More →
The march on Wall Street is beginning, and Mitchell Hirsch is there, taking pictures:
Read More →
Related Tweets from Twitter
Related News from Digg
Leave a comment
| Trackback
flagyl 19998 azithromycin %(( buy viagra 8[[[ purim %-]]] alprazolam >:-PP buy...
