The economists provide the context. With the financial transaction tax we can raise the revenue we need and discourage excessive speculation on Wall Street, explains Pollin. Its being done in the worlds second largest financial market, London and the fastest growing security markets in the world, including China, Hong Kong, Singapore and Russia. If they can do it, so can we. The activists provide the arguments. We have a revenue crisis, and we know where the money is, its on, says National Peoples Action executive director George Goehl. Were going to ask the politicians are you going to stand with Wall Street or Main Street? Please support our journalism. Get a digital subscription for just $9.50! That asking of politicians is not finished. It is just beginning. While progressive Democrats such as Ellison are on board for a bold approach to financial-transactions taxes, most congressional Democrats are only beginning to explore the prospect. They are taking a tentative step, and that is good. But real progress—in debates with Republicans and in the broader effort to change politics and policies—will only be made if top Democrats come to understand that, in order to address income inequality, America should develop a robust Robin Hood Tax. In this case, its an especially good idea to listen to the prescriptions being recommended by the longest and strongest advocates for taxing financial transactions in order to free up resources for human needs. Nurses see the fallout of the wretched economic policy in the U.S. and globally and see people who have run out of solutions, says NNU executive director RoseAnn DeMoro, who a number of years ago helped to develop the US campaign for a financial transactions tax. Frustrated with the narrow range of debate about how to find the resources to pay for healthcare, housing, education and so much more, DeMoro and the NNU began educating, organizing and rallying for a Robin Hood Tax. The embrace of the concept by top Democrats such as Van Hollen is evidence of how far that campaigning has come. But DeMoro is right when she speaks of the need to accelerate and expand the campaign. [The] financial transaction tax is seen by all of our allies internationally as a way of addressing the economy of the world, DeMoro has noted. And thats why its not the financial transaction tax in and of itself, its the reconceptualization of what we should be as a society of people.
Posted on: Wed, 14 Jan 2015 08:47:53 +0000
Trending Topics
Recently Viewed Topics
© 2015