Sarah Anderson directs the Global Economy Project at the Institute for Policy Studies and is a co-author of the report “Taxing the Wall Street Casino.”
An initiative to do just that failed at the ballot box, but gave us all some welcome inspiration.
By manipulating offshore havens, bogus bailouts and other loopholes, US corporations have gotten their tax rates down to a forty-year low.
The 99 percent have been footing the bill for too long. It’s time for the financial industry to pick up its own tab.
A tax on the rapid-fire trades that dominate financial markets would discourage reckless behavior and raise serious funds for public use.
It was as though US and Brazilian trade negotiators feared that if they spent one more minute in Miami, the fragile image of harmony they have struggled to project would shatter into a million p