No More Excuses: Soaring Market Latest Evidence of Need to Tax Wall Street

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http://www.alternet.org/economy/no-more-excuses-soaring-market-latest-evidence-need-tax-wall-street

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 “golden age for corporate profits,” and the financial sector is leading the gold rush. Just last year the top six U.S. banks raked in $63 billion – with Bank of America pulling in more than Walt Disney and McDonalds combined.

But it remains a different story in Main Street communities across America, a new pauper’s age would be a more apt label.

“How is this recovery if only Wall Street, but not our families and communities, are on the upswing?” asks Amanda Devecka-Rinear of National People's Action and the Robin Hood campaign.