Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
Wed Sep 19, 2012, 06:57 AM Sep 2012

The Robin Hood Campaign – A Movement, and Now Legislation Too by Rose Ann DeMoro

http://www.commondreams.org/view/2012/09/19-1


Robin Tax campaigners rally in New York City on September 17, 2012. (Photo: NNU)

For many months, nurses, healthcare, environmental, labor, consumer, faith-based and other community activists have rallied on Wall Street, at banks and legislative offices, and outside the White House and Treasury Department, saying it is time to tax Wall Street to help revive our economy and nation.

Now it’s no longer just a movement. It’s also legislation, H.R. 6411, the Robin Hood tax, introduced in Congress by Rep. Keith Ellison, one of the most progressive voices in Washington.

H.R. 6411, formally known as the Inclusive Prosperity Act, would require the unaccountable Wall Street financiers and gamblers to begin to pay some restitution for all the damage they’ve caused to Main Street communities across the U.S.

Not coincidentally, the bill was introduced on the eve of the one year anniversary of the Occupy Wall Street movement, that historic convergence that provided a critical reminder of the pervasive disparity in incomes and wealth in the U.S., and the salient point that the bankers got bailouts and bonuses while so many others were left behind.
2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The Robin Hood Campaign – A Movement, and Now Legislation Too by Rose Ann DeMoro (Original Post) xchrom Sep 2012 OP
Huge K & R! LeftofObama Sep 2012 #1
ttt Blue_Tires Sep 2012 #2
Latest Discussions»General Discussion»The Robin Hood Campaign –...