Blog: Policy
For banks, there was a bail out: trillions of dollars in tax money made into grants and guarantees for Wall Street. Having pillaged the mortgage market, at its height earning 40 percent every 60 days by hawking expensive mortgages for homes whose values were knowingly and artificially inflated, forcing millions into default, foreclosure, bankruptcy and ruin – for some homelessness, “Too-Big-To-Fail” was invoked and much of...
By Deborah Burger, Co-President of America's RN Union: National Nurses United
This is a huge day," Rep. Keith Ellison announced April 17 at a press conference within view of the Capitol, referring to legislation he reintroduced for a Wall Street speculation tax with huge purpose.
Take, for example, this passage from the bill's "Findings."
"The global...
“This is a huge day,” Rep. Keith Ellison announced Wednesday at a press conference within view of the Capitol, referring to legislation he reintroduced for a Wall Street Tax with huge purpose.
Take, for example, this passage from the bill’s “Findings.”
“The global crisis cost Americans $19 trillion in lost wealth.......
By John Nichols
America is not broke, despite what advocates for austerity would have us believe.
This is a very wealthy country.
Unfortunately, transfers of that wealth are not taxed in the same way as the work of American nurses, carpenters, bus drivers and shop clerks. As a result, the federal government struggles to...
