Activist group Bankster USA are pushing for a common-sense financial transaction tax on Wall Street transactions. The proposed rates are low—0.25 percent on a stock purchase or sale and 0.02 percent on the sale or purchase of a future, option, or credit default swap—and are proportional to transactional costs in the financial industry. It is projected that this tax would more than $100 billion in revenue annually while dampening speculation.
I personally don’t think this is nearly enough, but these kinds of things tend to happen incrementally in a democracy like ours, so I’m supporting this and you should consider signing it yourself. It’s time to start leaning on the financial sector quite heavily and this kind of tax would be a step in the right direction of reining these bastards in and confiscating some of their ill-gotten gains…
Tell Congress there’s a sensible tax on Wall Street that would help solve our budget problems.
When reckless trading on Wall Street crashed the global economy, American taxpayers bailed out the big banks to the tune of $4.7 trillion. That is trillion with a “T”.
Today, Wall Street is booming. Goldman Sachs, Morgan Chase, and Wells Fargo executives are earning just as much as they did before the financial crisis. In 2010, the CEOs of these three banks made $52 million dollars combined.
Yet on Main Street family incomes are tanking, job creation has stalled, and 42 million people are living in poverty, more than at any other time in the last 50 years.
We have done our part, now it’s time for Wall Street to do more – through a tiny sales tax on each Wall Street trade called a financial transaction tax.
Right now Congress is considering huge cuts to Medicare and Social Security as well as other important programs in health, education and housing.
Enough is enough! We know where the money is. A tiny tax on financial services can generate billions of dollars.
Join the Americans for Financial Reform, the AFL-CIO, SEIU, Demos, Public Citizen, Jobs with Justice, the National Nurses United, National People’s Action and the other groups saying:
It’s time for Wall Street to start Paying US Back!
You can sign the petition here
It’s about time that the Tea party dumbshits start to realize their commonality with Occupy Wall Street and who their REAL enemy is!
Hint: The smug millionaire 20 or 30-something Wall Street traders who got as rich as hell while your pension fund tanked? Where the fuck do you think your money went, chuckes? They didn’t burn it!
