General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBernie Sanders Takes It to Wall Street With Financial Transactions Tax" cheers Dean Baker
a FTT is a great way to raise large amounts of money to meet important public needs. It will come almost entirely at the expense of the financial industry and should strengthen the economy. We now have one presidential candidate who is prepared to support a strong FTT. Are there others?
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http://m.huffpost.com/us/entry/7438808
JEB
(4,748 posts)that Bernie is leading the American people toward adopting.
Dennis Kucinich advocated for many things and led the American people to none of them.
JEB
(4,748 posts)Don't think its practical? Or just sorry Hillary won't lead you here?
brooklynite
(94,727 posts)...but advocating for something you won't get because the advocate will lose to a Republican who will cut taxes further is a problem for me.
JEB
(4,748 posts)"nothing ventured, nothing gained".
brooklynite
(94,727 posts)"Don't let the perfect be the enemy of the good"
JEB
(4,748 posts)"Once you say you're going to settle for second, that's what happens to you in life."
John F. Kennedy
paulkienitz
(1,296 posts)If not this, then what constructive measure will we actually get?
rhett o rick
(55,981 posts)paulkienitz
(1,296 posts)I think the public is ready to get behind a Frequent Trading Tax, at least. Something to slow down the high-volume daily trading that makes the market volatile and unmanageable for non-insider investors.
rhett o rick
(55,981 posts)I am glad our founders didn't have that defeatist attitude.
brooklynite
(94,727 posts)...it's their burden to provide proof.
Funny by the way that you don't criticize any of the people asserting that Hillary can't win...
rhett o rick
(55,981 posts)Populist Movement will advance across the world as more and more of the people rise up against the ruling 1%.
Join the Populist Movement and fight against those that are killing us with wealth redistribution from the lower classes to the 1%.
brooklynite
(94,727 posts)...and we can all breath more freely for 8 years.
rhett o rick
(55,981 posts)that Clinton will work for that or against that? IMO she will continue the status quo with Wall Street dominating our economy. People are dying in poverty today. We can't wait another 8 years to get a people's champion in the WH. Your rational that it's safe with Clinton because it isn't a Republicon doesn't help those millions of Americans that are food deprived today.
brooklynite
(94,727 posts)muriel_volestrangler
(101,361 posts)http://www.thenation.com/blog/173134/financial-transactions-tax-introduced-again-can-it-pass-time
And as the article notes:
The UK already has one at 0.5% ('stamp duty reserve tax'), but stock exchange 'recognised intermediaries' don't have to pay it.