Monday, November 30, 2009

Taxing Wall Street.

In total, we have committed $12.8 Trillion, in guarantees and loans, to a financial system which has been transformed into a casino by speculators which empowered a criminal class who plundered our economy. Political and corporate forces orchestrated the largest transfer of wealth in American history, yet we continue to allow them to get away with their crime. The least these banksters could do is contribute a little something.

Well, it seems England, Germany, France and Austria are ready to take back a little something. Yep, they want to tax Wall Street. However, apparently, we, the people think that might not be such a good idea. Really? Could we put that to a vote?

"a growing number of economists and politicians argue that it’s time for a levy on trading stocks, bonds, currencies and derivatives. U.K. Prime Minister Gordon Brown said on Nov. 7 that a transaction tax might compensate for the billions of dollars that the public has spent on bank bailouts. Government officials in France, Germany and Austria have voiced their backing. U.S. Treasury Secretary Timothy Geithner answered Brown a day later, saying the tax was not something the U.S. would support."

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