Blog: Policy
The government’s most recent reports are that 12.8 million Americans – 8.3 percent – are unemployed. These levels, reports the government, “have shown little movement thus far in 2012.” That’s not where we should be this Labor Day. Robin Hood says the time is now to tax Wall Street, use revenue to create jobs and rebuild Main Street.
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A tax on financial transactions – the Robin Hood Tax – adds up in so many fundamental ways: raising meaningful revenue, hundreds of billions annually, at a time when communities across the country remain in deep crisis; a way to put a break on rampant speculation, underscored in the aftermath of JPMorgan Chase’s high-stakes bet last spring—now estimated to have cost that financial institution $5.8 billion; and controls over spikes...
I feel like I know the two most incredible secrets in the world. They are so juicy that they have to be shared. The first? We can end the AIDS pandemic. Seriously. I’m not kidding. I’m not using hyperbole. This isn’t a plea to get you to use a condom or come to an AIDS Walk. Last summer, scientists published the results of a definitive U.S. government funded study proving that if people have access to treatment, they are 96%...
Thanks to Sarah Anderson of IPS for this blog which originally appeared on Huffington Post.
Not everybody in the financial industry is like Jamie Dimon. They do not all think the financial system is running like a charm, aside from a few "isolated incidents" like a $2 billion trading loss.
No...
