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Financial Speculation Tax

What Should Bernie Do Next? Organize!

Les Leopold | Posted 06.29.2016 | Politics
Les Leopold

Rather than parsing words in the party platform (that Hillary and the rest of the establishment Democrats can and will ignore at will) Sanders should concentrate on launching a new movement organization right now -- one that would mobilize for his democratic socialist agenda.

My Message to the DNC's Platform Drafting Committee

Chris Shelton | Posted 06.09.2016 | Politics
Chris Shelton

The goal for all working families remains a secure, sustainable job and a real improvement in our standard of living. Here's how we get there.

Why Do Progressives Cling to Hillary?

Les Leopold | Posted 04.29.2016 | Politics
Les Leopold

Under a Hillary administration, it is likely that more women and people of color will find their way into elite positions within the current political and economic hierarchy. However, her idea of "breaking all barriers" does not include breaking the biggest barrier of them all -- runaway inequality.

Why Isn't Everyone in Favor of Taxing Financial Speculation?

Robert Reich | Posted 04.19.2016 | Politics
Robert Reich

Why is there so little discussion about one of Bernie Sanders's most important proposals -- to tax financial speculation? Buying and selling stocks and bonds in order to beat others who are buying and selling stocks and bonds is a giant zero-sum game that wastes countless resources and subjects financial markets to unnecessary risk.

Sanders Wall Street Speculation Tax Would Not Harm Middle Class Investors

Sarah Anderson | Posted 04.06.2016 | Politics
Sarah Anderson

In case there was any doubt, the presidential election fight has confirmed that blasting Wall Street, even eight years after the financial crisis, is still a vote-getter.

Is Hillary Clinton Running Away From Political Reality?

Les Leopold | Posted 04.01.2016 | Politics
Les Leopold

Team Hillary should be extremely worried. It's not just that she has suffered landslide losses in the past five caucus states. It's that she's overwhelmingly lost the youth vote of all colors, everywhere, and she'll never get it back.

Krugman Attacks Sanders for Economic Study Produced By Clinton Supporter

Les Leopold | Posted 02.20.2017 | Politics
Les Leopold

Good journalism and good economics requires an open debate about the key issue driving the Sanders revolt: runaway inequality.

The Case for Taxing Securities Transactions

FIXCapitalism | Posted 01.15.2017 | Business

One way for the Federal Government to raise more tax money and do some good in the process is to place a financial transaction tax (FTT) on the purchase and sale of securities.

Ryan Grim

Top Republican's Bank Tax Bill Would Punish Grand Bargain-Backing CEOs | Ryan Grim | Posted 01.29.2013 | Politics

WASHINGTON -- House Ways and Means Committee Chairman Dave Camp (R-Mich.) is considering legislation that would significantly increase taxes for the n...

Zach Carter

10 Ways Obama, Congress Could Cut U.S. Budget Without Raising Income Taxes Or Slashing Entitlements | Zach Carter | Posted 11.30.2012 | Politics

WASHINGTON -- Just about every policy lawmakers are considering for a deal to avert the so-called fiscal cliff would involve either raising individual...

It Shouldn't Have Taken Occupy, But It Did. Now, What's Next?

Robert Weissman | Posted 11.14.2012 | Politics
Robert Weissman

While the occupations have ended -- thanks in no small part to a harsh police crackdown -- it would be a mistake to assume the Occupy movement is over. Social movements have a way of metamorphosing and resurging in unpredictable ways.

A Lesson From The Heritage Foundation's Economic Freedom Index

Micah Hauptman | Posted 10.21.2012 | Politics
Micah Hauptman

Other countries are using financial speculation taxes successfully; it's time we do too. The United States is in desperate need of a permanently robust and resilient economy. A financial speculation tax can help get us there.

Financial Professionals Break Rank, Support Speculation Tax

Sarah Anderson | Posted 08.21.2012 | Business
Sarah Anderson

It's important to remember that the financial industry is not monolithic. I was reminded of this over the past couple weeks as I worked to persuade financial professionals to come out in support of small taxes on trades of stocks, bonds, and derivatives.

Why I Support the Robin Hood Tax

Mark Ruffalo | Posted 06.18.2012 | Politics
Mark Ruffalo

For too long, Main Street has been working in the interests of Wall Street when it should be the other way around. A Robin Hood Tax gives us an opportunity to rewrite that script and get America back on its feet.

Activists Visit Geithner's Home to Ask "Which Side Are You On?"

Peter Dreier | Posted 07.20.2012 | Politics
Peter Dreier

The protesters consider Geithner the key architect of Obama's economic recovery plan and the loudest voice within the president's inner circle for taking a "hands off" approach to tougher government rules to tame Wall Street's risky practices.

Dan Froomkin

Will Obama Embrace 'Robin Hood Tax'? | Dan Froomkin | Posted 12.16.2011 | Politics

WASHINGTON -- Advocates of a tiny but lucrative tax on financial transactions are increasingly hopeful that President Barack Obama's need to more firm...

Attention Occupy Wall Street: Enact a Financial Speculation Tax

Anand Reddi | Posted 01.01.2012 | Business
Anand Reddi

Last week, Senator Tom Harkin (D-Iowa) and Representative Peter DeFazio (D-Ore.) renewed efforts to enact a financial speculation tax. The Occupy movements across the United States should demand this initiative.

Supercommittee of the One Percent Won't Even Think of Taxing Wall Street

Dean Baker | Posted 12.31.2011 | Business
Dean Baker

While whacking our parents and grandparents with a big cut in Social Security benefits apparently draws bipartisan support, the supercommittee will not even score a plan to tax Wall Street financial speculation.

Ryan Grim

Key Financial Reform Gets Boost From Occupy Wall Street | Ryan Grim | Posted 12.26.2011 | Politics

WASHINGTON -- Boosted by the Occupy Wall Street movement, two Democrats in the House and Senate are renewing a push for a transaction tax on speculati...

Why Don't the Deficit Hawks Want to Tax Wall Street?

Dean Baker | Posted 11.26.2011 | Business
Dean Baker

While deficit hawks like investment banker Peter Peterson, Morgan Stanley director Erskine Bowles, and the Washington Post never tire of preaching the virtues of shared sacrifice, somehow sacrifice for Wall Street never features as a part of this story.

More for Them, Less for You

C. Robert Gibson | Posted 11.07.2011 | Politics
C. Robert Gibson

The current crop of Republicans vying for the presidential nomination are all champions of a reverse-Robin Hood methodology that calls for soaking the poor to give more lavish tax breaks to the rich, and calling it "job creation."

America Is Crumbling: Hire Us to Fix It

C. Robert Gibson | Posted 10.24.2011 | Business
C. Robert Gibson

We need jobs to fully recover, but jobs won't come about until demand picks up. Demand won't pick up until people have money to spend. So why are our leaders hell-bent on cutting public sector jobs when we need them most?

President Obama's Big Deal: Cuts for Social Security, but No Taxes for Wall Street

Dean Baker | Posted 09.17.2011 | Business
Dean Baker

We are constantly being told by politicians -- from President Obama to Tea Party Republicans -- that America has a problem with out-of-control spending. This claim is an invention, a falsehood with no basis in reality.

Europe Takes the Lead in Drive to Tax Speculators

Sarah Anderson | Posted 05.25.2011 | Business
Sarah Anderson

The Europeans often leave us Yanks way behind. And now they appear on track again, with solid progress this week towards adopting an innovative proposal to pay for the costs of the global economic crisis.

Taxing Financial Speculation, Raising Funds for Critical Needs

Paul R. Epstein, M.D., M.P.H. | Posted 05.25.2011 | Business
Paul R. Epstein, M.D., M.P.H.

Levying a tiny tax on financial transactions could help build a healthier and more stable future.