We often hear (and worry) about the Cost of Living – but what about the Cost of Wall Street? Did you ever stop and consider how much of your work day goes to paying off financial speculators, predators and usurers? Wall Street takes home: • Half of your mortgage or rent • 1/3 or more of your health insurance, food and gas bills • A growing part of your student loan • 2/3 or more of the tax money used to build public infrastructure • A big chunk of your pension or retirement account • If youre a farmer – 2/3 the value of your grain • If youre a manufacturer – the crippling costs of capital, and the devastating pull-down effects of free trade The Cost of Wall Street (COWS) is indeed a COW – its a Cash Cow for the leisure class, who live in unbridled luxury off the sweat of our brows. And its a golden calf that we working people foolishly worship by allowing the stock market and our 401ks – rather than the true wealth of physical production – run our lives. Wall Street is an idol in dire need of smashing! The question is how, and the answer is to provide public alternatives to private greed: • A 1% Wall Street Sales Tax to redirect capital flows from predatory speculation into productive investment • A National Bank to issue $trillions in long-term, low-interest public credit for: - Public infrastructure - Industrial, agricultural loans and small-business loans - Student loans and home mortgages • Medicare for All – low cost, not-for-profit, public health insurance • Stronger Social Security • Vigorous public investments in basic research, science and technology – in particular our national laboratory system These New Deal reforms will not only instantly alleviate the pressure now destroying American families – they will unleash the productive powers of industry, creating a full employment economy and a new set of possibilities for our living standards. Read more: againstausterity.org/program
Posted on: Mon, 19 Jan 2015 01:38:09 +0000
Trending Topics
Recently Viewed Topics
© 2015