The Democratic Platform Goes After Wall Street

The Democratic Platform Goes After Wall Street

On the subject of Wall Street reform, the draft platform released by the Democratic Party reads much more like a Bernie Sanders stadium speech than a Hillary Clinton policy memo. “Democrats will fight against the greed and recklessness of Wall Street,”...
Don’t let Koch’s New “End the Divide” Ad Fool You

Don’t let Koch’s New “End the Divide” Ad Fool You

In this year’s first quarter, the Federal Reserve reported last week, the total amount of wealth in the United States nudged over $88 trillion, an all-time record high. So do you feel wealthier than ever? Probably not. Economic insecurity remains the norm for tens of...
The Big Banks Can Be Beaten

The Big Banks Can Be Beaten

When the 2008 financial crash slammed the New York City construction industry, Maribel Touré’s husband lost his job as an architect. On top of that, Maribel suffered a serious accident. But what really plunged the family into financial trouble was sending their...
Nuts to First Class

Nuts to First Class

I recently had the occasion to fly first class. As a poet and director of a small non-profit organization, this was a rare treat indeed. So why couldn’t I enjoy myself? It started with the warm nuts. I’d settled in with my free cocktail, having mastered the...
Dueling Wall Street Taxes

Dueling Wall Street Taxes

There’s a pattern here. Whenever the push for taxing Wall Street speculation starts to build some serious steam, the Obama administration dusts off their proposal for a big bank fee. That’s what happened after the G-20 Summit in Pittsburgh in September...
Inside-outside Strategy on Wall Street Tax

Inside-outside Strategy on Wall Street Tax

Cross-Posted with The Huffington Post The International Monetary Fund is accustomed to rallies outside their Washington, D.C., headquarters during their annual meetings. What was different this past weekend was that the activists on the outside and several...
How About a Tax System for the 99 Percent?

How About a Tax System for the 99 Percent?

Cross-Posted with Yes! Magazine Paying taxes, as tens of millions of us in the United States do every April, evokes many emotions—from gratitude for government programs that feed the hungry to disgust over paying for fossil fuel subsidies and unjust wars. But...
Wall Street’s Climate Finance Bonanza

Wall Street’s Climate Finance Bonanza

Government officials from an elite group of developed countries meeting in Washington, D.C. at the invitation of U.S. climate envoy Todd Stern appear to be on the brink of instigating yet another corporate handout and big bank giveaway—this time in the name of...

A Tiny Tax in Europe, a Big Win for Climate?

Europe has taken a bold leap forward to implement an innovative plan that could help protect people and the planet. Poised to set an example of climate leadership for the developed world, will countries like the United States come along? At the end of January European...
Giant Victory in Europe on Taxing Financial Speculation

Giant Victory in Europe on Taxing Financial Speculation

EU finance ministers were scheduled to vote January 22 on whether to authorize 11 member states to proceed with the introduction of a financial transaction tax (FTT). As it turned out, the ministers didn’t even have to take a formal vote because it was obvious...
European Parliament Supports Robin Hood Tax in Landslide Vote

European Parliament Supports Robin Hood Tax in Landslide Vote

Under pressure to address a massive deficit, legislators voted overwhelmingly this week in favor of a tax on financial speculation. This really happened, I swear. OK, it was in Europe, not the United States. But it could happen here—and it should. The vote in...