Across the country —from Palo Alto to El Paso, Maine to Miami—nurses and other activists rallied today in the late winter sun to lobby Congressional lawmakers for a tax on Wall Street’s riskiest transactions.
Thousands of registered nurses, community, labor, environmental and community activists marched in Detroit today in a resounding protests against the shutoff of water to tens of thousands of city residents – an action the marchers called a wanton violation of human rights that creates a public health emergency.
From Maine to California, nurses, students, HIV/AIDS and community activists, took to the streets today calling on Congress to fulfill the quest of Dr. Martin Luther King Jr.’s fight for economic justice by enacting a tax on Wall Street speculation to fund efforts to reverse inequality.
"The Inclusive Prosperity Act would make Dr. King proud," said Rep. Keith Ellison at a kick off press conference in Washington against the backdrop of the U.S. Capitol.
Robin Hood’s hearty supporters stood in below-freezing weather outside of Rep. Danny Davis’ office in Chicago, Ill. today to remind him of the pledge he made and later abandoned.
In 2012, Rep. Davis signed the Robin Hood Tax campaign’s “What Side Are You On?” pledge and cosponsored the Robin Hood Tax bill, H.R. 1579. In 2013, he withdrew that support, citing pressure from the Chicago Mercantile Exchange and Board of Trade.
Robin Hood tax would change tone in Washington With Congress about to begin the next cycle of budget battles – mostly focused on how much more pain to inflict on Main Street communities across America – a far different message is bubbling up across the land. Activists from across the land gathered in Washington October 29 to step up what has become an increasingly vocal demand for a change of priorities and tone – with a call to expand the revenue pie with a tax on Wall Street speculation, the Robin Hood tax.
Washington, D.C. – With the latest showdown over the government shutdown and debt limit finally over and the next budget fight beginning, a coalition of health care, community, faith-based, and labor activists will call on Congress members Wednesday, October 30 to shift the tone from austerity budget cuts to expanding revenues with a small tax on Wall Street speculation that can bring hundreds of billions of dollars into the budget to help rebuild our economy.
On Tuesday, September 17, we’re marching in NYC to call for a Robin Hood Tax, a tax of less than half of 1% on Wall Street trades that can raise hundreds of billions of dollars in revenue every year. Establishing this tax is simply a matter of fairness and common sense. It asks Wall Street to pay a pittance of its fair share to ensure that basic services are met in communities that need them most.
Sold on the idea that insurance to offset shifting interest rates would stabilize their finances and raise revenue, transit agencies, school districts and city governments bought “interest rate swaps,” a variety of derivative marketed and sold by Wall Street.