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Millions of Americans are paying interest rates approaching 20 percent on credit cards, although banks are borrowing money from the Federal Reserve at close to 0 percent. Consumer loans, student loans and other forms of borrowing combine to guarantee rich returns for the shareholders of the nation’s financial institutions, as many borrowers pay at or near double-digit interest rates.
Sky-high interest rates are a sure way to keep...
Andrea Germanos, staff writer at Common Dreams
Why should ordinary taxpayers have to sacrifice while highly profitable corporations are using accounting acrobatics and tax havens to avoid paying their fair share?
At a time of record corporate profits, U.S. "corporate tax dodgers" are parking more of their profits offshore, taking advantage of...
Now that the boom times have returned for Wall Street with consecutive days of record market highs, the time for excuses must end, and the Obama administration and Congress should join with the other world markets in adopting a Robin Hood tax on financial speculation.
The signs could not be more clear. The New York Times, March 3, calls this a “...
Cuts in baby formula for the poorest amidst cries on Wall Street that “the market wants more austerity”
As the harsh reality of the sequestration sets in, the opening salvo of a dire national austerity program that achieves cuts of $85 billion at first, en route to $1.2 trillion in cuts over a decade, the U.S. Robin Hood Tax Campaign could not be a greater imperative.
Its goals, embodied...
