Friday, September 02, 2011

Financial Transaction Tax

http://www.nationalnursesunited.org/pages/financial-transact
ion-tax

Related quotes & rant (from us perspective)


"Discourage Wall Street's reckless, job-less gambling. The greed of large banks and Wall Street firms have wrecked our economy, wiping out pensions and portfolios, throwing us into a recession, costing us millions of jobs, and squandering American productivity. Yet nobody on Wall Street has paid the price for this wrongdoing. No one has gone to jail. In fact, they remain some of the most profitable businesses in America, doling out hundreds of millions of dollars in executive bonuses. And they pay some of the lowest tax rates in the country."

"... discourage the reckless, high-volume/short-term profit computer-driven Wall Street gambling that lead to our current economic crisis."

“Wall Street got bailed out. We got sold out.”

“These corporations have gotten so greedy right now. It’s not only Wall Street, but if you look at every major corporation that has outsourced any kinds of job in the area, we need to make sure that those jobs ... We need to make sure that those jobs remain right here in the United States.”

“They were so hungry,.... They came to us. We feed them.”

"What we have in America is corporate socialism, publicize the losses, and privatize the profits. I was not in favor of bailing out the banks, because these are the same people, who complain about big government, but when things go belly up they want the government to bail them out. And by the way the bank bail out took place under Bush. They got bailed out and now have refused to lend the money out. Corporate America is flush with cash because they have figured out how to get 5 people to do the work of 10."

... WE bailed THEM out and in the process lost OUR jobs, homes and retirement funds. Now THEY got all the cash and wouldn't spend them. THEY are forcing US to borrow for them to get richer.

They take away my job and give it to other parts of the globe and wouldn't pay taxes or even bring back the profits to spend here.

If I sell my pottery to ordinary people, they pay tax. If I sell a piece of my pottery company to a rich person, there is no tax. Is this fair? Is this capitalism? If so, do we still need capitalism?

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