Bernie validated my faith in him with the Robin Hood Tax [View all]

[Bonobo]

It is high time that we recognize that the United States has the the worst economic inequality among industrialized Western nations.
Furthermore, in the last 30 years we have been crippling the futures of young people with back-breaking college debt which not only puts them into indentured servitude for, in some cases, decades, but limits their professional choices to ones that can return quick economic payback -it is incalculable how much damage this does to the society as a whole (for example, doctors choosing profitable specialties rather than general practitioners as one example).


"It would impose a Wall Street speculation fee on investment houses, hedge funds, and other speculators of 0.5 percent on stock trades, a 0.1 percent fee on bonds, and a 0.005 percent fee on derivatives."

http://www.robinhoodtax.org

This small tax of %0.5 on Wall Street transactions would generate hundreds of billions of dollars each year in the US alone. The revenue raised would be enough to protect American schools, housing, local governments and hospitals, to pay for lifesaving AIDS medicines, to support people and communities around the world, and to deal with the climate challenges we're facing.

It won't affect ordinary Americans, nor their personal savings, nor everyday consumer activity, such as ATM usage. It's easy to enforce and tough to evade. This is a tax on the same Wall Street interests that created the greatest economic crisis since the Great Depression - and that continue to reap record profits and bonuses while ordinary Americans cleaned up the mess.