tag:blogger.com,1999:blog-1797875972831999598.post5100459073942268253..comments2023-11-22T04:27:07.521-06:00Comments on glen brown: Another reason to be “Mad as Hell” in Illinois gbrownhttp://www.blogger.com/profile/13435049339082622611noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1797875972831999598.post-56051409133413907932014-01-14T13:41:59.824-06:002014-01-14T13:41:59.824-06:00Financial Transaction Tax (FTT):
“…What are the o...Financial Transaction Tax (FTT):<br /><br />“…What are the objections? Administrative cost and inconvenience? No, the FTT is easy to administer and difficult to evade. Clearing houses already review all trades and serve as collection agencies for transaction fees.<br /><br />“How about the threat of a move to another state or country to avoid new taxes? It's hard to imagine that from the CME Group, made up of the Chicago Mercantile Exchange and the Chicago Board of Trade. From 2008 to 2010 the company had a profit margin higher than any of the top 100 companies in the nation.<br /><br />“Big Revenues, Little Risk: Objections to the FTT seem superficial in light of the two main benefits: <br /><br />“(1) The massive revenue potential, and (2) the likelihood of limiting the speculative trading that contributed to the financial meltdown in 2008. Informed Americans are in agreement on this. The tax is simple and effective and fair and long-overdue and obvious to everyone except the business-friendly members of Congress.”<br /><br />For more information, read on this blog: The Insanity of Not Having a Financial Transaction Tax by Paul Buchheit (July 22, 2013)<br /><br />http://teacherpoetmusicianglenbrown.blogspot.com/2013/07/the-insanity-of-not-having-financial.html<br /><br />gbrownhttps://www.blogger.com/profile/13435049339082622611noreply@blogger.comtag:blogger.com,1999:blog-1797875972831999598.post-76808155591661533542014-01-14T12:35:27.227-06:002014-01-14T12:35:27.227-06:00here's what I get as an answer on the Robin Ho...here's what I get as an answer on the Robin Hood tax: "it will hurt the middle class--the little guy." And I say, "it won't hurt the little guy, he doesn't have enough stock for it to make a difference. So I think you're more worried about it taking a red nickel out of your pockets and those of your corporate sponsors."Sharon Sandershttps://www.blogger.com/profile/15475912276638292718noreply@blogger.comtag:blogger.com,1999:blog-1797875972831999598.post-74351964093923424842013-03-13T12:57:04.456-05:002013-03-13T12:57:04.456-05:00And ask legislators to sponsor legislation for a S...And ask legislators to sponsor legislation for a Speculation Sales Tax. In many countries it is called a Financial Transaction Tax or the Robin Hood tax. It is a small tax on every trade that is estimated to bring in six billion a year in Illinois. It would not require a change in the Illinois Constitution. It could be passed immediately. It is a tax that funds most governments in Asia and has recently been adopted in the European Union. In various forms it has existed in this country. We need to revive it in Illinois to fund our most basic services and the pension debt.Anonymoushttps://www.blogger.com/profile/03893420316878343004noreply@blogger.com