Nurses Protest in 60 Cities, Demanding Tax on Wall Street

[rsmith6621]

http://www.commondreams.org/headline/2011/09/03-0

Tax Wall Street

National Nurses United led the demonstrations, the latest leg of the union’s campaign for a “Main Street Contract.” The nurses are calling on politicians to enact the contract in order to stimulate the economy and get people back to work. Its centerpiece is a half-percent federal tax on Wall Street transactions, which the union says could generate up to $350 billion a year. (Stock and bond transfers and derivative trading would be targeted; common transactions like 401k contributions would not.)

“This is a sales tax on the business Wall Street does,” said NNU co-president Jean Ross. “It would disincentivize the extreme gambling they do.”

The union sees that money as a down payment on all kind of priorities: keeping millions of people in their homes, funding schools, restoring environmental protections, providing Medicare for all, and bolstering Social Security.

[bananas]

1. k&r - hadn't heard about this, thanks for posting it. nt

[Scuba]

2. K&R Once again, nurses helping others. n/t

[Generic Other]

3. Great idea

Pay for the privilege to do business here! Best idea ever.