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How far behind the rest of the world can we continue to fall on holding the Wall Street traders and tycoons to account for the mess they made of our economy? The sharp contrast Monday between the Obama administration and Europe in statements about a financial speculation tax shows the gap appears to be widening.
We’ve seen this picture before, and the U.S. is not about to get an Oscar.
Just last month, a...
Europe’s FTT came to Washington this week in the form of a presentation at The Center for American Progress. Dubbed “Now is the Time for a Financial Transaction Tax: European Progress and Prospects for the United States,” the featured speaker was Lithuanian economist Algirdas Semeta, European Commissioner for Taxation and Customs and a leading voice of the FTT.
Semeta came to the U.S., in part, to try and quell the...
Associate Editor John Nichols has been with The Capital Times since 1993 and has become one of Wisconsin's best-known progressive voices. He is the author of seven books on politics and the media and he also writes about electoral politics and public policy for The Nation magazine.
Sequestration threatens to cut vital public services and undermines the economy in order to achieve budget priorities that benefit Wall Street while damaging Main Street....
With the so-called sequestration looming in Washington, an automatic budget cut of $85 billion dollars that would cut jobs, education, environmental protection and more, much more, austerity appears to be alive and well among a range of policy makers. This country needs a new revenue source and can find it in a Robin Hood tax, a tiny sales tax on Wall Street trades that can raise up to $350 billion a year.
Austerity – the path...
