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-- strengthening public education;
-- enacting universal, single-payer healthcare, excluding predatory insurers, except as a voluntary option;
-- returning money creation power to Congress as the Constitution mandates;
-- a Tobin Tax to make Wall Street and rich investors pay their fair share; and
-- establishing government of, by, and for the people for real.
Benefits of a Tobin Tax
Besides discouraging speculation, economist Robert Pollin estimates that at one-half of one percent, about $350 billion annually can be raised. A one-tenth of one percent tax on the estimated $500 trillion in annual derivatives trades could bring up to $500 billion a year. Depending on volumes and taxable trading threshold levels, those figures might be greater or smaller but nonetheless considerable. Most important, they'd help grow the economy productively, cut the deficit, and raise everyone's standard of living equitably, especially working Americans left out of bipartisan equation thinking - corrupted for America's aristocracy, Wall Street giants most of all.
Instead ordinary Americans are sacrificed on the alter of capitalist excess, their pain the price for its gain, a shocking indictment of a broken system - venal, depraved, degenerate, and criminal, deserving a dagger in its heart to kill it before making workers serfs, including destroying their retirement security.
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