Financial transaction tax

As the finishing touches are put on the world’s first regional Robin Hood Tax/Financial Transaction Tax (FTT) across most of Europe’s major economies, there’s one small country that would have plenty of reasons to get on board: Ireland

With that in mind we’re excited to announce that Robin Hood Tax Ireland is launching this week! And it’s needed now more than ever.

Over the weekend, 12,000 people gathered in Phoenix to hear Bernie Sanders’ impassioned speech on raging economic inequality. In a red state, press took notice that front and center, there was a prominent contingent of green pointy hats. Which left a burning question: What was with all the gigantic Bernie Sanders Robin Hood heads?
The Robin Hood Tax swooped into America’s national spotlight when presidential contender Sen. Bernie Sanders joined with National Nurses United and student groups in Washington, D.C. at a press conference today to announce his introduction of two Senate bills - the College for All Act and the Robin Hood tax bill that would levy a small tax on Wall Street financial transactions in order to fund free tuition at every public college and university in the United States, as well as slash interest rates on existing student loans.

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.
 

Amid the media accounts of the worst Ebola outbreak ever recorded some significant context is largely missing from the major media reporting. Atop this list are links of the outbreak to the climate crisis and global inequality, mal-distribution of wealth, and austerity-driven cuts in public services that have greatly contributed to the rapid spread of Ebola.

Turn on the water. Make Wall Street pay.

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.

Lay the blame for the manufactured crisis at the feet of those responsible: Wall Street Speculators, Gov. Rick Snyder, and Kevyn Orr

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.
 

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