Politics

In his Pulitzer Prize-winning book, Inhuman Bondage: The Rise and Fall of Slavery In The New World, the historian David Brion Davis contends that ownership is not necessary for enslavement. What is, he posits, is debt, or the vassal’s “perpetual condition of dishonor,” which provides the “master class with a resource for parasitic and psychological exploitation,” imposing on the slave a type of “social death.”

President Obama’s 2015 State of the Union speech included calls for higher taxes on capital gains and closure of assorted tax breaks for the 1 percent.  And Representative Chris Van Hollen, the second top ranked Democrat in the House, recently showed his support for the Robin Hood Tax by co-sponsoring the Inclusive Prosperity Act.  it’s clear the campaign for tax justice is making traction in Washington.
 

“Jobs Data Is Strong, but Not Too Strong, Easing Fed Fears,” announced the New York Times headline last week. What underpins this claim was an addition of 195,000 jobs in June, enough to sustain an unemployment rate of 7.6%.

President Obama’s speech this week at Georgetown University in Washington, D.C., acknowledged the over-arching significance of climate change, calling for America to “help forge a truly global solution to this global challenge by galvanizing international action to significantly reduce emissions, prepare for climate impacts, and drive progress through the international negotiations.”    
 

By Deborah Burger, Co-President of America's RN Union: National Nurses United

This is a huge day," Rep. Keith Ellison announced April 17 at a press conference within view of the Capitol, referring to legislation he reintroduced for a Wall Street speculation tax with huge purpose.

Take, for example, this passage from the bill's "Findings."

This week, after four years of litigation, investors in Citigroup had their day in court, winning a settlement of $730 million in their class action suit brought in federal court  in Manhattan.   The investors claimed they had been “misled” by the big bank’s disclosures during the years 2006-2008, that is, the period leading up to the financial crisis.

Andrea Germanos, staff writer at Common Dreams

Why should ordinary taxpayers have to sacrifice while highly profitable corporations are using accounting acrobatics and tax havens to avoid paying their fair share?

Cuts in baby formula for the poorest amidst cries on Wall Street that “the market wants more austerity”

 

As the harsh reality of the sequestration sets in, the opening salvo of a dire national austerity program that achieves cuts of  $85 billion at first, en route to $1.2 trillion in cuts over a decade,  the U.S. Robin Hood Tax Campaign could not be a greater imperative. 

Despite mounting evidence that austerity measures lower growth and do further harm to American communities, proponents of the “sequestration” that took effect Friday are pressing forward with budget cuts. These sequestration budget cuts --  unless stopped by Congress and the President -- will slash $1.2 trillion from the federal budget over ten years, causing massive harm to communities across the country.

How far behind the rest of the world can we continue to fall on holding the Wall Street traders and tycoons to account for the mess they made of our economy? The sharp contrast Monday between the Obama administration and Europe in statements about a financial speculation tax shows the gap appears to be widening.

We’ve seen this picture before, and the U.S. is not about to get an Oscar.

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