Blog: Economists
A half dozen Robin Hood Tax Campaigners, wearing their signature hats, made their way into a packed room to attend Jack Lew’s confirmation hearing before the Senate Finance Committee yesterday to be the next Treasury Secretary.
Their message to Lew: The Robin Hood Tax should be your first and highest priority. Wall Street received a full recovery many times over from the financial collapse of 2008—trillions of...
By Jennifer Flynn, managing director, Health GAP - 01/08/13 02:45 PM ET
One has to wonder if Paul Schott Stevens’ “Don’t enact financial transaction taxes,” December 20, 2012, is more about protecting the turf of billion dollar Wall Street banks and enormous investment firms, including their lucrative mutual fund businesses, than protecting the average people who invest and save.
In his...
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...
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...
