from The Huffington Post, actor/director Mark Ruffalo argues why we need the Robin Hood Tax (Financial Speculation Tax):
http://www.huffingtonpost.com/mark-ruffalo/robin-hood-tax_b_1607258.html?utm_hp_ref=daily-brief?utm_source=DailyBrief&utm_campaign=061912&utm_medium=email&utm_content=BlogEntry&utm_term=Daily%20Brief
PS--there is a 4 min or so video at the bottom of the piece that's worth watching as well--some familiar faces
PPS--little known tidbit, the US had a financial speculation tax until 1966; the economy seemed to do OK
http://www.huffingtonpost.com/mark-ruffalo/robin-hood-tax_b_1607258.html?utm_hp_ref=daily-brief?utm_source=DailyBrief&utm_campaign=061912&utm_medium=email&utm_content=BlogEntry&utm_term=Daily%20Brief
PS--there is a 4 min or so video at the bottom of the piece that's worth watching as well--some familiar faces
PPS--little known tidbit, the US had a financial speculation tax until 1966; the economy seemed to do OK
Tax the Fed! Whatever it is they charge for each dollar they create for our country, charge them that amount. Budget balanced; deficit gone in a decade. Remember, the Federal Reserve is a federal as Federal Express. They don't have a reserve either, they just make more money while the rest of us have to go work for it.
ReplyDeleteso, the increasing wealth disparity is not part of the problem? That the last time we had such disparity coincided w/ the Great Depression? Middle class wages are flat over the last thirty years, and we go after the Fed? maybe, but . . .
ReplyDeleteThe Fed is the driver of the disparity. They create money and loan it to the government. Then the well connected carve it up and stick in their portfolios, never having added anything to the economy. Not a job or a better product or better service, they just add it to their wealth because they are well-connected. The wealth gap is accelerating because they are creating more and more money. They just extended 'Operation Twist' to the end of the year. A lot of wealthy people will get wealthier at the tax payers expense. Get rid of the debt based money and they can't do this anymore.
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