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Banker’s ‘Nightmare on Wall Street’
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With a nod to “The Twilight Zone’s” Rod Serling, National Nurses United (NNU) unveiled a new and frightening—if you’re a banker or Wall Street fat cat—video to push for a financial transaction or Robin Hood tax on Wall Street speculation.
In “Nightmare on Wall Street,” a Wall Street executive on his way to work encounters the retirees who have lost their pensions, families foreclosed out their homes, workers who lost their jobs and other victims of Wall Street’s reckless actions that crashed the nation’s economy. They chase him through Manhattan’s concrete canyons yelling, “Tax Wall Street, Not Main Street. Tax the 1 percent!”
The AFL-CIO, NNU and others have called for a Robin Hood Tax on Wall Street to raise funds for job creation and to mend the economy that Wall Street broke. Economists say that along with generating jobs, the tax would help reduce the complicated, risky financial practices and products such as derivatives, short-term investment strategies and other speculation that fueled the economy’s crash.
Check out the video and then visit the NNU’s website, www.ProtestIntheUSA.org, to sign a petition to support a robust financial transaction tax on Wall Street, and check out more videos.
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11 Comments
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The Word, “SHAME!” is not enough to label Eight who really voted
to rip apart the Hard Work and History of Labor and their filth of
their vote really smears them as they fall into the loving hands
of Payola. They may get mad at us for saying what we feel but
we hope that as the 8 worship at the altar of money, they puke
every time a Job is gone or wages are lowered. The so-called,
“Right to Work” does NOT give anyone a Right To Work. It is a
Union Busting so-called Law and attempt to Hire or Replace those
who they want to without any reason! The History of those States
that have “Lived” with these anti-Labor Laws, is not as rosy as
the Union-Haters and C of C hoped. Maybe those 8 should Read
what The Bible says about Labor!
you are correct, “Right to Work” only give you one right – the right to “Keep Your Mouth Shut”.
Nobody knows what a financial transaction tax is; no such discussion on any of the news media. No political candidate is talking about it. It is better discussed outside this country. Major necessity to stabilize the dramatic swings in our economy, we need this globally and the USA is the stick in the mud on this one. We will not be free people unless we are adequately informed; a successful democracy depends on the enlightenment of its people. This is a prime example of just how much the rich have gained control over us; we have a free press, it is free to discuss anything the rich want.
Move Your Money
Why, Where and How
Find community-friendly banks near you
http://www.changewallst.info/
We need to continue restricting the life force–that is, big profits–of Big Banks. We need to amplify the Move Your Money campaign to millions of account holders moving their money.
If we do so, we might weaken these Big Banks enough, so their CEOs realize they are not “too big to fail”. Along with the brave state attorneys general actions, this could give us the leverage we need to influence Congress to pass needed legislation, such as extending unemployment benefits, reinstating Glass-Steagall; and bring to trial Wall Street criminals. It’s like a homeopathic remedy: cure the disease with the disease.
And the GOP are the primary carriers of the disease. The GOP revels in the prospect of creating vast inequality and establishing inverted Socialism where everyone except the Plutarchists share massive debt and hardship caused by 30+ years of deregulation and irrational small government ideology, an unregulated Wall Street, deleterious tax cuts, two wars of choice, and obstructing every effort to restore health to the American economy and ending high unemployment.
Vote right-wing Republicans out of political existence.
http://www.vote-for-democrats.info
Taxing transactions will hurt Union Pension plans and other retirement programs for workers by adding another cost that will bring down yealds. It is the preferance tax on Capital
Gains that should be re-visited and be raised. pension plans and IRAs are taxed at the full rate but the wealthy get a 50% tax break. We are shooting ourselves in the foot asking for taxes on the funds we are investing before we ever get a cent of profit out of them while the rich keep eating our lunch with a special Capital Gains rate.
Not only that, Edward, but this looney attitude being expressed about more taxation is falling exactly into the realm of what the Repugnant Party has been saying…
What this Robinhood Tax does is to AVOID the legislation that will CORRECT the situation… in other words, just like the stupid campaign for racial tolerance, the REAL solution (in the case of racial harmony that would be ACCEPTANCE not tolerance) would be to create the legislation that will prevent the financial scamming and extortions that have been going on in the so-called investment and fianance markets.
But they are afraid to do anything real that will result in actualities that are remedies in REAL TERMS !!!!
The Robinhood tax is like the Value Added Tax, STUPID TO THE SUPREME !!!!!
yo mortal, you and i will be able to achieve justice when the rich man pushes us to the point of chaos in streets.they got their bailouts but want to keep putting those who are out of work in the streets. what do you think will happen when enough of us are suffering and need to feed,shelter and clothe our families? i for one cannot wait. thanx to our founding fathers for the second amendment!!!
What hurts pension plans is radical swings from boom to bust in the stock market. Taxing transactions must be done selectively to eliminate high risk and dirty dealing while leaving the rest of transactions unimpeded. Volatility hurts pension plans; people are misled into buying the wrong stock based on artificial rises, and people are disappointed to find their pension plan worth less after the inevitable bust.
I just have one word to say, FANTASTIC!
We are all trade unionists here. Instead of preaching to the choir, do what you can. that means:
1) Taking your money out to commercial banks and doing your fanancial business with credit unions.
2) Asking your local union to move its banking business to credit unions.
3) Your spending is your most potent weapon. BUY UNIION! BUY LOCAL! BUY AMERICAN!
Seems you’re confusing pension plans with defined contribution, that is 401(k) plans. True pension plans provide a defined benefit, regardless of market swings. That stability and reliability in the retirees’ income stream is why pension plans are sooo… much better than those lousy defined contribution plans most private sector employers offer.
Having a 401(k) or other defined contribution plan is a good idea as a third leg on the financial stool, along with Social Security and pension plans. It can provide upside investment opportunity that can help a retiree enjoy some extras like travel and costly hobbies. It is not a replacement for a real pension plan, which ensures having money to pay for taxes, insurance, food and healthcare.