October 15, 2011

Occupy Wall Street - and Make Them Pay


Tax Wall Street - Jobs Not Cuts!

As the Occupy Wall Street movement builds, overcoming threats of eviction from NYC's Liberty Plaza and inspiring occupations across the country, there are several concrete things we can do as steps towards breaking the power of Wall Street and change our national priorities.

One that is gaining momentum is the movement to establish a Financial Speculation Tax (FST, also known as a Transactions Tax or Tobin Tax) -- a small fee on speculative trading that can generate hundreds of billions of dollars while discouraging flash trading.

Dozens of groups around the country are collecting petitions calling on the Congressional "Super Committee" to Tax Wall Street as part of the deficit reduction plan.

Add your name to the petition here
.

More than 1,000 prominent economists signed an open letter in support of a speculation tax, and Germany and France are proposing such a tax internationally.

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