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Thursday, July 12, 2012

'Robin Hood' tax on financial trades would help turn economy around, supporters say

As both parties argue over whether to raise taxes on those making more than $250,000, some think there is a better way to raise more money from the very people who who helped cause America's financial crisis -- Wall Street speculators.
It's called the Robin Hood tax.
Backed by the AFL-CIO and National Nurses United, the measure would impose a tiny three-hundredths-of-a-penny tax on financial trades. Supporters say the bill would cost the average investor just $1 per year, but could raise up to $35 billion annually from the high-stakes, high-volume high-speed computer trades critics claim increase market volatility.
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2 comments:

Anonymous said...

Yeah, because taxes are positive for the economy. Ideas like this happen when you take pointers from hippies sleeping on park benches.

Anonymous said...

or pointers from those who say "we have to pass the bill before we know what's in it" and pointers from people who don't even know who the VP is or the Secretary of State.