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Make Wall Street Pay!
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Government & Elections
Make Wall Street Pay!
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To Fight the Depression, Make Wall Street Pay! In the Obama/Boehner “Grand Bargain” on deficits, the only cut Not currently on the table is Wall Street. While working families pay o
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Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95
Cat:d51398b3-89f9-463d-bf1b-4b885f02c9eeForum:af978875-5bc6-4b07-a6fb-b18062132f95Discussion:b394468a-7949-4369-9499-51b15561b18c
Forums » Politics & Society » Government & Elections » Make Wall Street Pay!
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Make Wall Street Pay!
posted at December 3, 2012 10:43 PM EST
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Posts: 13
First: November 20, 2012 Last: December 19, 2012 |
To Fight the Depression, Make Wall Street Pay! In the Obama/Boehner “Grand Bargain” on deficits, the only cut Not currently on the table is Wall Street. While working families pay on average 7% in sales tax for clothing, utilities and even food; while hedge fund operators pay nothing. The Republican establishment warns against taxing the “job creators.” We agree! Preferential treatment should indeed be given to companies who invest in American labor, plant and equipment. But Wall Street finance capital – the source of our economic depression – is a tick, sucking away the jobs, retirement security and credit on which the American people depend. The time is now to mobilize against the cuts to come. We must fight to Maintain Social Security, Medicare and other hard-won rights. To fund current obligations, and to fight the real enemy of the real economy, we must demand a 1% Wall Street Sales Tax. Known under various names (Robin Hood tax, Tobin tax, financial transactions tax), a tax on the sales of stocks, bonds, futures, options and other derivatives is gaining worldwide traction as other nations turn their attention to the source of their own financial crises. The transactions in question are estimated to approach $5-6 quadrillion per year! These massive flows of money must be tapped, both to generate the revenue needed to fund social programs and obligations, and to reduce the burden of predatory financial speculation. A person need go no further than the gas pump, and/or the grocery store to feel the impacts’ of these parasites on a productive economy. These, mostly insiders realize obscene profits in nanoseconds with flash trades that contribute zero to the productive economy; in fact, even hinder real growth with the rapid increase in prices. However, the income tax should be lowered, even eliminated. |
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Make Wall Street Pay!
posted at December 3, 2012 10:49 PM EST
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Posts: 13
First: November 20, 2012 Last: December 19, 2012 |
To Fight the Depression, Make Wall Street Pay! In the Obama/Boehner “Grand Bargain” on deficits, the only cut Not currently on the table is Wall Street. While working families pay on average 7% in sales tax for clothing, utilities and even food; hedge fund operators pay nothing. The Republican establishment warns against taxing the “job creators.” We agree! Preferential treatment should indeed be given to companies who invest in American labor, plant and equipment. But Wall Street finance capital – the source of our economic depression – is a tick, sucking away the jobs, retirement security and credit on which the American people depend. The time is now to mobilize against the cuts to come. We must fight to Maintain Social Security, Medicare and other hard-won rights. To fund current obligations, and to fight the real enemy of the real economy, we must demand a 1% Wall Street Sales Tax. Known under various names (Robin Hood tax, Tobin tax, financial transactions tax), a tax on the sales of stocks, bonds, futures, options and other derivatives is gaining worldwide traction as other nations turn their attention to the source of their own financial crises. The transactions in question are estimated to approach $5-6 quadrillion per year! These massive flows of money must be tapped, both to generate the revenue needed to fund social programs and obligations, and to reduce the burden of predatory financial speculation. A person need go no further than the gas pump, and/or the grocery store to feel the impacts’ of these parasites on a productive economy. These, mostly insiders realize obscene profits in nanoseconds with flash trades that contribute zero to the productive economy; in fact, even hinder real growth with the rapid increase in prices. However, the income tax should be lowered, even eliminated. |
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Re: Make Wall Street Pay!
posted at December 4, 2012 12:18 AM EST
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Posts: 3037
First: March 2, 2008 Last: May 24, 2013 |
In Response to Make Wall Street Pay!: To Fight the Depression, Make Wall Street Pay! In the Obama/Boehner “Grand Bargain” on deficits, the only cut Not currently on the table is Wall Street. While working families pay on average 7% in sales tax for clothing, utilities and even food; hedge fund operators pay nothing. The Republican establishment warns against taxing the “job creators.” We agree! Preferential treatment should indeed be given to companies who invest in American labor, plant and equipment. But Wall Street finance capital – the source of our economic depression – is a tick, sucking away the jobs, retirement security and credit on which the American people depend. The time is now to mobilize against the cuts to come. We must fight to Maintain Social Security, Medicare and other hard-won rights. To fund current obligations, and to fight the real enemy of the real economy, we must demand a 1% Wall Street Sales Tax. Known under various names (Robin Hood tax, Tobin tax, financial transactions tax), a tax on the sales of stocks, bonds, futures, options and other derivatives is gaining worldwide traction as other nations turn their attention to the source of their own financial crises. The transactions in question are estimated to approach $5-6 quadrillion per year! These massive flows of money must be tapped, both to generate the revenue needed to fund social programs and obligations, and to reduce the burden of predatory financial speculation. A person need go no further than the gas pump, and/or the grocery store to feel the impacts’ of these parasites on a productive economy. These, mostly insiders realize obscene profits in nanoseconds with flash trades that contribute zero to the productive economy; in fact, even hinder real growth with the rapid increase in prices. However, the income tax should be lowered, even eliminated. Posted by truthseeker1 I agree with you as I've been thinking this as well. It's very difficult to find information about Wall Street, but it's gradually leaking out. Wall Street caused this recession with its manipulation of the economy for its own benefit. If they did such a great job for the American people, then why did they have to be bailed out? I've read that it cost us trillions of $$$ for bailouts and that at least 21 trillion $$$ have been hidden in foreign banks for years. Yes, the amounts are staggering, something that needs to come to the attention of the people, if they're willing to open their eyes, that have left us in a ditch. They know very well how to hide their money while demanding that we, the average taxpayers, take more cuts in pay, benefits and public services. The "job creator" situation is a joke as I remember McConnell saying that we will hurt the "job creators". Where are the job creators"? In China, India and other 3rd world countries where labor is dirt cheap? Small businesses can only afford to hire a small number of employees while big corporations used to hire tens of thousands of workers. We should only give tax cuts to those corporations that remain in the US and pay people a livable wage. It would be easier if we had a universal health care system where employers don't have to provide health insurance. However, most won't return to the US because they know how profitable it is to pay workers under $1 an hour with no benefits and regulations. They enjoy the cheap labor as well as the benefits provided for them by the American taxpayers. |
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Re: Make Wall Street Pay!
posted at December 4, 2012 9:52 AM EST
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Posts: 535
First: August 9, 2011 Last: May 24, 2013 |
Agreed, Wall Street has long been a blood sucking Tick on America who has never really been controlled. But in fact control our lawmakers. In Response to Make Wall Street Pay!: To Fight the Depression, Make Wall Street Pay! In the Obama/Boehner “Grand Bargain” on deficits, the only cut Not currently on the table is Wall Street. While working families pay on average 7% in sales tax for clothing, utilities and even food; hedge fund operators pay nothing. The Republican establishment warns against taxing the “job creators.” We agree! Preferential treatment should indeed be given to companies who invest in American labor, plant and equipment. But Wall Street finance capital – the source of our economic depression – is a tick, sucking away the jobs, retirement security and credit on which the American people depend. The time is now to mobilize against the cuts to come. We must fight to Maintain Social Security, Medicare and other hard-won rights. To fund current obligations, and to fight the real enemy of the real economy, we must demand a 1% Wall Street Sales Tax. Known under various names (Robin Hood tax, Tobin tax, financial transactions tax), a tax on the sales of stocks, bonds, futures, options and other derivatives is gaining worldwide traction as other nations turn their attention to the source of their own financial crises. The transactions in question are estimated to approach $5-6 quadrillion per year! These massive flows of money must be tapped, both to generate the revenue needed to fund social programs and obligations, and to reduce the burden of predatory financial speculation. A person need go no further than the gas pump, and/or the grocery store to feel the impacts’ of these parasites on a productive economy. These, mostly insiders realize obscene profits in nanoseconds with flash trades that contribute zero to the productive economy; in fact, even hinder real growth with the rapid increase in prices. However, the income tax should be lowered, even eliminated. Posted by truthseeker1 |
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Re: Make Wall Street Pay!
posted at December 4, 2012 10:09 AM EST
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
Last I checked there are trillions invested in the market for pension plans, retirement plans, etc. for just average people - as with another business, any cost, including taxes, are just passed along reducing returns for those of us who are invested in the market whether through individual stocks, mutual funds, EFT's or some other combination of investments. |
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Re: Make Wall Street Pay!
posted at December 4, 2012 2:43 PM EST
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Posts: 585
First: May 28, 2012 Last: May 15, 2013 |
Spoken like a true top 1%er. CEO's greed never ends, they just pass the cost on to the " just average people ". Yeah let Wall Street and Corporate CEO's continue to smear their Greed in our faces and walk all over 98% of us " just average people " with their Bush Tax cuts and loopholes, while our seniors and disabled continue to struggle to live with dignity. Wall Street and CEO's are asking for cuts in our Social Security and Medicare , so they can keep their Bush Tax Cuts and loopholes. How much more selfish can the " above average people " get ??? The majority of Americans spoke on election day and they are tired of the Corporate controlled Plutocratic Right Wing Republican leadership in Congress and its time to do whats right for the 98% of Americans who need it. Did we already forget President Obama was reelected on the promise to help the " just average people " who truely need it, not the rich who want to become richer. The Greed and selfishness at the top is sickening !!!Response to Re: Make Wall Street Pay!: Last I checked there are trillions invested in the market for pension plans, retirement plans, etc. for just average people - as with another business, any cost, including taxes, are just passed along reducing returns for those of us who are invested in the market whether through individual stocks, mutual funds, EFT's or some other combination of investments. Posted by GailL1 |
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Re: Make Wall Street Pay!
posted at December 5, 2012 12:08 AM EST
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Posts: 3037
First: March 2, 2008 Last: May 24, 2013 |
In Response to Re: Make Wall Street Pay!: Last I checked there are trillions invested in the market for pension plans, retirement plans, etc. for just average people - as with another business, any cost, including taxes, are just passed along reducing returns for those of us who are invested in the market whether through individual stocks, mutual funds, EFT's or some other combination of investments. Posted by GailL1 We saw how well this works when the markets crashed in 2008 after Wall Street took our money to an international casino and gambled it away. Most of us aren't big investors who just have savings, CDs and a small retirement plan which they can't afford to lose. Many people who are lower income rely on SS as they haven't been able to invest. Who can trust Wall Street when another "mistake" can sink the economy into a ditch again?
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Re: Make Wall Street Pay!
posted at December 5, 2012 12:15 AM EST
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Posts: 3037
First: March 2, 2008 Last: May 24, 2013 |
In Response to Re: Make Wall Street Pay!: Spoken like a true top 1%er. CEO's greed never ends, they just pass the cost on to the " just average people ". Yeah let Wall Street and Corporate CEO's continue to smear their Greed in our faces and walk all over 98% of us " just average people " with their Bush Tax cuts and loopholes, while our seniors and disabled continue to struggle to live with dignity. Wall Street and CEO's are asking for cuts in our Social Security and Medicare , so they can keep their Bush Tax Cuts and loopholes. How much more selfish can the " above average people " get ??? The majority of Americans spoke on election day and they are tired of the Corporate controlled Plutocratic Right Wing Republican leadership in Congress and its time to do whats right for the 98% of Americans who need it. Did we already forget President Obama was reelected on the promise to help the " just average people " who truely need it, not the rich who want to become richer. The Greed and selfishness at the top is sickening !!!Response to Re: Make Wall Street Pay! : Posted by mandm84 I agree as average Americans are sick and tired of corporations controlling the country. In fact, I know a young man in his mid-30's who has a degree in Finance, but is disgusted by the greed of Wall Street. He works for a financial institution that is doing very well, but he has no health insurance or benefits as he mainly works on commission. We're allowing the corporate CEOs to make millions of $$$ a year, even more by offshoring their money, while they fully expect average Americans to fund their own health care and retirement even though they've paid into it for years.
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Re: Make Wall Street Pay!
posted at December 9, 2012 1:33 PM EST
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Posts: 1462
First: August 27, 2012 Last: May 24, 2013 |
Lets not stop with wall street! How about the sports players and actors that make millions playing games for a few months or making a movie!! I say take all the $$$, homes, jewelry and cars away from them and sell them and distribute the $$$ to the poor! And also don't go to games and plays or movies and no more TV watching TV personalities make BIG $$$$$. One more thing don't buy ANYTHING from a Co. that's listed on any exchange because wall street will make $$$! Are you people for REAL??
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Re: Make Wall Street Pay!
posted at December 9, 2012 1:59 PM EST
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
In Response to Re: Make Wall Street Pay!: In Response to Re: Make Wall Street Pay! : I agree as average Americans are sick and tired of corporations controlling the country. In fact, I know a young man in his mid-30's who has a degree in Finance, but is disgusted by the greed of Wall Street. He works for a financial institution that is doing very well, but he has no health insurance or benefits as he mainly works on commission. We're allowing the corporate CEOs to make millions of $$$ a year, even more by offshoring their money, while they fully expect average Americans to fund their own health care and retirement even though they've paid into it for years. Posted by intersan Why doesn't he buy his own health insurance and fund his own retirement? There are tax advantages to him to do this and it is what he should be doing. With working on commission, he actually CONTROLS what he makes - |
Forums » Politics & Society » Government & Elections » Make Wall Street Pay!
