Forum Post: Another Recommendation
Posted 12 years ago on Oct. 9, 2011, 7:08 p.m. EST by cleverguise
(43)
from Myrtle Beach, SC
This content is user submitted and not an official statement
If you want to learn more about the what the corporate world has done for our society watch movies such as:
The Corporation The 1% Monsanto Capitalism a love story
All of these movies are available on Netflix and/or some free source on the Internet.
Educate yourself. If you think you know, strive to learn more, thats one way we can keep progressing as a movement.
When the Wall Street and the World’s financial system was on the verge of collapse Main Street bailed out Wall Street. It’s time for Wall Street to repay the debt. Main Street need two things now, jobs and mortgage relief.
Proposal: Levy a 1/10th of one percent tax (0.1%) on all Wall Street transactions with one half to be used to rebuild infrastructure across the US thus creating jobs and one half to be used to reduce principal and re-structure mortgage debt for those who are upside down on their mortgages and are faced with losing their homes.
In Wall Street terms, 0.10% is ten basis points. This tax would be levied on all financial transactions normally associated with Wall Street, purchases or sales on any index that is registered with or regulated by the Security Exchange Commission (SEC), as well as those financial instruments which caused danger to the financial system such as Credit Default Swaps, Derivatives and Hedge Fund Trading.
It is time for everyone to have “skin in the game.” Wall Street can continue to make billions and billions of dollars, but they must share the wealth. Continue to get rich but pay your dues along the way. This tax must be levied on all financial products associated with US Companies or companies that do business in the US no matter what exchange they are traded on.
This tax will generate several hundred billions of dollars. Money that can be used right away to re-build roads, bridges, public buildings, water systems, sewer systems, and schools. All of these will put people to work and the multiplier affects will put even more people to work. Working people pay taxes instead of collecting unemployment payments. Everyone benefits, including Wall Street.
Re-structuring mortgages and keeping people in their homes reverses the housing depression and allows companies to start building homes again putting people back to work.
No more free ride for Wall Street. This is “a county of the people, by the people and for the people,” NOT of the people, by the people and for Wall Street.
Congress needs to enact this Wall Street tax now or every Congressman or Senator who does not act to do so should be voted out of office and replaced with representative of the people and NOT representatives of the Wall Street bankers, brokers, analysts, economists, and fat cats.
Fuck that. I want a free mansion, a forty, 12 hot bitches, a Ferrari and a bumpin' stereo system. Free.
Did I mention free?