Letter to Governor-Elect Andrew Cuomo regarding A Stock Transfer Tax by Ralph Nader

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by Ralph Nader
The Nader Page
December 30, 2010

Dear Governor-Elect Cuomo:

The conditions where many regular New Yorkers live are grim. Poverty, unemployment, home foreclosures, and small business bankruptcies keep growing.

On the other side of the tracks, the top twenty-five hedge fund managers recorded an average of $1 billion each, or over $80 million each a month in 2009. Quite a quick rebound on the backs of American taxpayers and privileged tax policies.

New York’s Rebatable Bailout by Ralph Nader

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by Ralph Nader
The Nader Page
Aug. 6, 2010

You can’t make up the following realities in New York State! Note the following series of events driven by the preposterous plutocrats and see if you get steamed.

Greed, power, reckless speculation and theft of other peoples’ money by Wall Streeters collapsed the U.S. economy into a deep recession that started in 2007-08.

These super-rich Wall Street banksters looted and drained trillions of worker pensions and mutual fund savings while nationwide eight million jobs were lost.

Panicked that their overweening avarice was pushing their companies over the cliff, the banksters rushed to Washington, terrified members of Congress with the help of ex-Goldman Sachs CEO turned Treasury Secretary Henry Paulson and propelled the Bush White House into a series of massive taxpayer bailouts and guarantees amounting to trillions of dollars during the last quarter of 2006.

The kleptocratic mayor of New York by Danny Lucia

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by Danny Lucia
SocialistWorker.org
July 14, 2010

IN THE past year, the mayor of New York City has become $2 billion richer while his city has grown $1 billion poorer.

When this type of thing happens in a country in Africa or Central Asia, we call it a “failed state.” Their failure, apparently, is a lack of subtlety. Looting your country’s grain reserves to build the world’s largest tetherball arena makes you a kleptocratic dictator. But if you get stinking rich selling information technology to the banks that have looted your treasury through bailouts, well, you’re just Mayor Mike.

Who Will Pay, Wall Street or Main Street – The Tobin Tax or The Vat? by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
June 29, 2010

Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war, insisting that the squeezed middle class be even further squeezed to balance over-stressed government budgets. All the perks are going to Wall Street, while Main Street slips into debt slavery. Wall Street needs to be made to pay its fair share, but how?

The financial reform bill agreed to on June 25 may have carved out some protections for consumers, but for Goldman Sachs and the derivatives lobby, the bill was a clear win, leaving the Wall Street gambling business intact. In a June 25 Newsweek article titled “Financial Reform Makes Biggest Banks Stronger,” Michael Hirsh wrote that the bill “effectively anoints the existing banking elite. The bill makes it likely that they will be the future giants of banking as well.”

The Tobin Tax – Ellen Brown on Economics 101

with Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Jan. 12, 2010

corbettreport
January 12, 2010

Ellen Brown, author of numerous books including the wildly popular “Web of Debt” joins us to discuss the possibility of using a Tobin tax to claw back money from the banksters. For more information on this subject, please see Brown’s article here:

A Little Populist Retribution: Making Wall Street Pay Its Fair Share by Dr. Ellen Brown

For more information about Ellen Brown and her work, please visit her homepage:

http://www.ellenbrown.com/

Robert Pollin: Tax the speculators and create a public bank

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TheRealNews
January 06, 2010

Robert Pollin: Tax speculation, create a public bank and rating agency are necessary reforms

A Little Populist Retribution: Making Wall Street Pay Its Fair Share by Dr. Ellen Brown

by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov 11, 2009

“Regular people know that they got done in by excesses on Wall Street, and they see a Democratic administration shoveling trillions of dollars to the same Wall Street banks that caused the mess. . . . What is overdue is a little bit of populist retribution against the people who brought down the system — and will bring it down again if the hegemony of the traders is not constrained.”

–Economist Robert Kuttner arguing for a “Tobin tax”

In the midst of the worst recession since the Great Depression, Goldman Sachs is having a banner year. According to an October 16 article by Colin Barr on CNNMoney.com: