Nurses Call the Question on Obama and Global Financial Transaction Tax – Which Side are You On?

[Donnachaidh]

http://www.commondreams.org/view/2011/10/22-4





Will President Obama be the main holdout when world leaders, under growing pressure from the occupy Wall Street protests across the world and demand building for a tax on international financial transactions, meet early next month at the G-20 summit in France?

Nurses from at least four continents, including a U.S. delegation from National Nurses United, will deliver that message November 3 at the G-20 summit meeting November 3 in Cannes – urging enactment of a financial transaction tax that could raise hundreds of billions of dollars a year to heal global economies, promote sustainable development and environmental security, and strengthen quality public services.

Nurses will be joined by labor, environmental, non-governmental, and community activists who have made the push for a global FTT an international movement that has sparked the adoption of an FTT by more than a dozen nations, and prompted the European Commission to propose a global FTT which is expected to be a major topic at the G-20 summit.

The call for a FTT, sometimes called a “Robin Hood tax” (a form of such a tax was actually in place in the U.S. for most of the first half of the last century), has become a powerful force in Europe especially.

More at the link --

[NYC_SKP]

1. Not sure, I'll have to study this. Not fond of past collections of $$$ to promote global efforts...

As progressive as they may sound.

Like the World Health Organization and the World Bank, for example.

:shrug:

[Warpy]

2. One thing this tax will do is put a distinct on HFT

the computer generated trading that has skewed the market and made it both unfair and unpredictable to ordinary investors.

And the government certainly needs the money.

It looks like a win-win to me. And yes, I'm in the market.

[slipslidingaway]

3. knr ...

"...We need your voice as well. Join us on November 3 in Cannes or Washington D.C. Call the White House, 202-456-1111 and tell them to tax Wall Street financial transactions and get on the side of Main Street not Wall Street. Learn more about our campaign at www.mainstreetcontract.org."

[girl gone mad]

4. k & r