OpEdNews - Diary: House Bill Let's Wall Street Pay for the Restoration of Main Street

Let's tax those that have benefited from the globalization that has destroyed Main Street and the Bail Outs that have bankrupted America's future.

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A House bill still being drafted aims to raise $150 billion each year to pay for new jobs.

Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25 percent tax. Source: The Hill.com

Americans want to have unlimited wars and they also think it is good to bail out the super wealthy. They also don't seem to mind much that these super wealthy give themselves super big bonuses from the tax payer welfare they received.

It is also true that the globalization that Wall Street has benefited from has destroyed Main Street. Now we have real unemployment at nearly 20%. These unemployed and underemployed need a helping hand and an economy that promotes Main Street jobs.

So all of this has to be paid for.

Many of these same Americans that are for unlimited wars and bailouts also call themselves fiscally conservative. So in the interest of fiscal conservatism, let's tax Wall Street since they are the people that have benefited from the Trillions of dollars of bail outs.

Or if we don't want to bail out the super rich, if we get rid of corporate welfare, and quit taking nearly half of every tax dollar for war or war preparation, then I am all for not taxing Wall Street.

We won't need the money.