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If companies want to grumble about creeping socialism, they could always choose, at their own free will, that tried-and-true market-based solution to poverty wages: paying their workers enough to live on.
“As someone studying the economics of this, I can say that a financial transactions tax is a policy no-brainer,” Lynn Stout, a professor of corporate law at Cornell Law School, said at a Wednesday briefing on Capitol Hill. “It’s all upside, there’s virtually no downside, and it’s astonishing we don’t have one.”
Reader Comments- Sports, Police Killing, Tea Party, Robin Hood Tax, Doug Ireland;
Announcements- Tim DeChristopher, Environmental Activism-NYC-Nov.02; Perspectives from NYC Food Service Workers-Nov.03; Mario Savio Memorial Lecture-Berkeley-Nov.12; Cuba Skate: Art on Deck-Washington, DC-Nov.16; Politics of Immigration Reform Forum-NYC-Nov.20; Memorial for Stephen Coats-Washington, DC-Nov.25; International Conference In Israel: For A Nuclear Free Zone In The Middle East
“We have a revenue crisis, and we know where the money is, it’s on Wall Street.”
United in Call for End to Austerity, Healthcare Cuts, and for a Robin Hood Tax
Democrats have reached a watershed. After two decades in which the party has moved leftward on social issues but has largely accepted the financial sector's economic preferences - the abject failures of the market economy are pushing the party leftward. The revolt against Summers was less about his positions on today's economic issues but his opposition to regulating derivatives. In Congress, in New York City and Chicago, Democrats are feeling the heat of the people.
Reader Comments - Syria, chemical weapons, Israel; American Jews Speakout Against AIPAC; Organized Labor's Decline; Pensions; Mexican unions;
Announcements - Sept. 16 in New York - Iraqi Workers in Turbulent Middle East - Pres of Iraqi Oil Workers Union speaks; Protest Alexandria Center for Life Science; FAIR celebrates release of new book Dollarocracy; Demand a Robin Hood Tax - New York - Sept. 17 - Restore and Expand Vital Public Services for the 99%
On Friday at midnight, the sequester kicked in, triggering $85 billion in deep, dumb budget cuts that sent “nonessential personnel”— such as air traffic controllers — packing.
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