Posted on April 20, 2013 by dandelionsalad
Image by Seabeak via Flickr
by Ralph Nader
The Nader Page
April 17, 2013
Citizens concerned about our national debt and wheeling and dealing on Wall Street should energetically support Rep. Keith Ellison’s (D-Minn.) “Inclusive Prosperity Act.”
The “Inclusive Prosperity Act” would enact a speculation tax that could help shrink our nation’s deficit while safeguarding and reducing runaway speculative trading on Wall Street.
A small financial transaction tax of 0.5 percent or less – depending upon the financial instrument being taxed – could produce hundreds of billions of dollars annually, perhaps as much as $350 billion. (more…)
Filed under: Business, Corporations, Corporations Really Suck, Dandelion Salad Posts News Politics and-or Videos 2, Nader-Ralph, Politics, The Economy Sucks and or Collapse 2 | Tagged: Ellison-Keith, Tobin tax, Wall Street | 2 Comments »
Posted on March 23, 2013 by dandelionsalad
by Ed Ciaccio
Writer, Dandelion Salad
March 22, 2013
Image by David Paul Ohmer via Flickr
(to the tune of “On Broadway” by Barry Mann, Mike Stoller, Jerry Leiber & Cynthia Weil)
They say there’s profit to be made on Wall Street (on Wall Street).
That’s what the banksters & fraudsters, they all say (on Wall Street).
But when their schemes and bubbles burst,
It’s always us who get hurt the worst,
Filed under: Corporations, Corporations Really Suck, Crime and or Corruption, Dandelion Salad Posts News Politics and-or Videos 2, Economy, Politics, The Economy Sucks and or Collapse 2, Writers For Dandelion Salad | Tagged: Ciaccio-Ed, poetry, Wall Street | 2 Comments »
Posted on January 13, 2013 by dandelionsalad
by Michael Hudson
January 12, 2013
Image by codepinkhq via Flickr
When the financial bubble burst in September 2008, U.S. and European governments responded by shifting bank losses onto their own balance sheets. The pretense is that real growth cannot resume until the banks and speculators are “made whole.” To cover the cost of bailing out the banks, governments now are trying to run budget surpluses. This adds fiscal deflation to the debt deflation left in the bubble’s wake, shrinking the economy at large. Governments are to raise taxes (or simply print new debt to swap for the financial sector’s bad loans and gambles) to reimburse financial institutions whose lending and outright gambling (not to mention the excursion into financial fraud) caused the crisis.
Filed under: Business, Corporations Really Suck, Crime and or Corruption, Dandelion Salad Featured Writers, Dandelion Salad Posts News Politics and-or Videos 2, Politics, The Economy Sucks and or Collapse 2 | Tagged: AIG, Federal Reserve on Dandelion Salad, Geithner-Timothy, Michael Hudson on Dandelion Salad, Wall Street | 2 Comments »