Implement a Wall Street Sales Tax (aka Robin Hood Tax)

Implement a 0.5-1% sales tax on all speculation, including stocks, bonds and derivatives, and the trading of other financial securities.


Showing 15 reactions

  • followed this page 2016-07-28 05:23:55 -0700
  • commented 2016-01-18 07:26:10 -0800
    At the very least, do this.
  • tagged this with very important 2016-01-18 07:26:09 -0800
  • tagged this with very important 2016-01-01 19:04:25 -0800
  • commented 2015-12-28 09:32:24 -0800
    This is not a bad thing to do, necessarily, but it is just another of many band-aid “solutions” that have been suggested which do not address the structural flaw in the monetary system. We’ve got to stop looking at problems just on the surface. As any doctor will tell you, that will not likely solve the problem.
  • commented 2015-12-25 11:18:59 -0800
    This will accomplish several things: (1) Generate much income that the government could spend on important purposes that it currently says it can’t afford to do. (2) Extract taxes from the 1%, which would improve the progressivity of our tax system. (3) Impose a cost on speculative trading, which would tend somewhat to dampen the volatility of markets and provide better economic stability. A 1% tax would accomplish these three goals better than a 0.5% tax, and probably be not that much harder to pass, since the people who oppose 1 would oppose even 0.5, and the people who support 0.5% would likely support 1.0%.
  • tagged this with very important 2015-12-17 14:26:41 -0800
  • tagged this with somewhat important 2015-12-15 21:44:14 -0800
  • commented 2015-12-14 07:23:19 -0800
    Again, this is a tiny part of what should be a much larger economic strategy.
  • tagged this with somewhat important 2015-12-14 07:23:19 -0800
  • tagged this with very important 2015-12-14 06:57:22 -0800
  • tagged this with very important 2015-12-13 20:19:56 -0800
  • tagged this with somewhat important 2015-12-13 12:48:29 -0800
  • tagged this with somewhat important 2015-12-13 12:24:24 -0800
  • published this page in 2016_strategy2 2015-12-13 11:51:17 -0800