Empty Anti-Wall Street Rhetoric

Empty Anti-Wall Street Rhetoric

All those political campaign ads flooding our airwaves are hitting on dozens of different targets. One particularly: Wall Street. Between mid-April and mid-September, Ad Age reports, $1 out of every $10 spent on campaign ads has blasted Wall Street bankers. And these...
Six Global Issues The Foreign Policy Debates Won’t Touch

Six Global Issues The Foreign Policy Debates Won’t Touch

There is no other policy arena in which the president of the United States has greater latitude than foreign affairs. With U.S. foreign policy less constrained by Congress and relatively free from the media scrutiny that attends the president’s more domestic...
European Victory on Taxing Speculation

European Victory on Taxing Speculation

Cross-Posted with the Huffington Post European campaigners for a financial transaction tax have done some awfully goofy things over the past three years. At one French demonstration, they stripped down to their skivvies to emphasize the small size of the tax (0.1% on...
Shameless Tax Loopholes

Shameless Tax Loopholes

Don’t just hang Your head and moan, Buy a loophole Of your own. One intriguing aspect of today’s taxation debate is that it’s so shameless. Republican leaders aren’t embarrassed in the slightest to shill for the rich. Consider this gem from...
European Tax on Financial Transactions Gains Support

European Tax on Financial Transactions Gains Support

The leaders of France and Germany may have their differences on the big question of the day — stimulus versus austerity. But they do agree on one thing — taxing financial transactions. Former French President Nicolas Sarkozy was hot on the idea of a small...
The Robin Hood Tax

The Robin Hood Tax

I spent 22 years in the financial services business. Beginning in the 1980s, I worked at exchanges where we traded everything from futures on soybeans to shares of stock to options on interest rates. During these boom years for the U.S. and global financial markets,...

A Robin Hood Tax Can Raise Big Bucks for People and the Planet

Today I’m joining tens of thousands of people — in 15 cities around the country — rallying outside Wall Street institutions to tell President Barack Obama that it’s time to put a tiny tax on big banks. We’re calling it a Robin Hood tax because the tiny tax will...
Nurses Push Tax on Trades to Help Sick

Nurses Push Tax on Trades to Help Sick

Of all the street actions leading up to the NATO summit, the one that might seem most perplexing is a nurses’ rally for a tax on securities trades. Financial markets are pretty remote from hospital bedsides, you might think. Why would nurses get mixed up in an...
Wall Street’s Speed Freaks

Wall Street’s Speed Freaks

The power suits making billions off the stock market are always trying to assure us that their trading serves a socially redeeming purpose. They steer money to companies and industries that make our economy more productive, they claim. In reality, the majority of...
Conservative Candidate Supports Wall Street Speculation Tax

Conservative Candidate Supports Wall Street Speculation Tax

The conservative presidential candidate has decided he can’t win unless he raises taxes on the financial sector. No, I’m not talking about Mitt Romney, but this isn’t a belated April fool’s joke either. French President Nicolas Sarkozy has...

[VIDEO] Why a Financial Transaction Tax?

Sarah Anderson discusses on The Real News how a 0.25% tax on financial transactions could raise $150 billion a year in the United States. See the full transcript on The Real News...

Key Countries, Organizations Call For Innovative Sources of Finance

Durban, South Africa – Officials from a diverse set of countries will join civil society leaders to call for innovative sources of finance, including a tax on financial transactions and a fee on emissions from maritime shipping, to be part of a deal in Durban...

Ideas into Action in Durban

Last week, we sent our supporters the Institute’s new America Is Not Broke report, which explains how the nation could raise more than $800 billion dollars annually through a tax on Wall Street and other popular measures. My IPS colleagues Sarah Anderson and...