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New Study Shows Dramatic Revenue Potential from a Wall Street Tax
Virtually every other consumer sale is taxed. Why not Wall Street’s?
A robust tax on Wall Street transactions would raise far more revenue – as much as 17 times as much – than more limited proposals, even accounting for the worst case scenarios of reduced trading as a result of a tax. That’s the findings of an important new research brief from prominent University of Massachusetts Amherst economists Robert Pollin and James Heintz.
This study is the most recent serious effort to quantify current, actual costs and evaluate the impact of the trading costs on trading volume. It can be viewed at: http://www.peri.umass.edu/fileadmin/pdf/research_brief/PERI_FTT_Research_Brief.pdf
The data in the study come from three sets of sources: the most recent academic and financial market research; a 2011 survey study by the International Monetary Fund; and the most up-to-date and comprehensive data on market trading from specialized firms that obtain these figures directly from the financial market trading businesses themselves.
One of the stories of the past year has been the growing international and U.S. movement for a financial transaction tax (FTT) on the trading of stocks, bonds, and other financial instruments.
An international coalition of labor, environmental, and non-governmental organizations have prodded the European Union to adopt a continent wide FTT, also referred to as the “Robin Hood tax.” Several European governments, including conservative leaders in France and Germany support the FTT and the EU which is predicted to adopt the tax by the end of this year. Read more…
Must Have Mobile App. Nov. 3 Day of Action. Presidential Candidate Pop Quiz. 15 Minutes. Fall Flu Fashion Show.
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I think we made a mistake. You know how sometimes when you gain a few extra pounds you feel like you have to let the seams out of your clothes? Well, this week on Nurse Talk we had so many topics we wanted to share we got a little carried away and packed the show to the point of bursting our time clock!
We visited with two of our friends from CNA/NNU (California Nurses Association, National Nurses United) RN/Communications Specialist Liz Jacobs, and Colette Washington, On-Line Communication Specialist. Colette shared about a new mobile app that NNU has created that makes it possible to be involved in shaping national and international policy and politics without leaving the comfort of your own home. Check it out by texting the word “payback” to 53000 from your mobile phone.
AND Casey and Dan talk with author and EMT Kim Kircher. Kim has written a book called The Next 15 Minutes: Strength From the Top of the Mountain. When she wasn’t rescuing wounded skiers as a member of the ski patrol or bombing snow-congested mountainsides to control avalanches, she and her husband, John, were proving to the world that a full life was possible in spite of each living with an autoimmune disorder. Kim shares her inspiring story with us.
Legislative Update | Donna Smith Segment | Show 422
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Donna Smith chats with us from Austin, Texas–you know, the home of one of the largest bat caves around…and its right downtown!! And yes…you can see the Texas State Capitol from the cave! Donna always brings us up to speed on the issues that are important…at least to us they are. We’ll get an update on the nurses’ Main Street Campaign (more about that at nationalnursesunited.com), the state of Social Security and Medicare, a Wall Street sales tax and much more. Read more…
Bats In Austin. Bats In D.C. Bats In The Studio. | Show 422
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Podcast (boston-edition): Play in new window | Download (Duration: 53:48 — 123.1MB) | Embed
Podcast (nnu): Play in new window | Download (Duration: 11:55 — 27.3MB) | Embed
Coming Up On Nurse Talk…we welcome two great friends on the show, NNU legislative organizer and health care activist Donna Smith then writer and comedian Lynn Ruth Miller.
Donna chats with us from Austin, Texas–you know, the home of one of the largest bat caves around…and its right downtown!! And yes…you can see the Texas State Capitol from the cave! Donna always brings us up to speed on the issues that are important…at least to us they are. We’ll get an update on the nurses’ Main Street Campaign, the state of Social Security and Medicare, a Wall Street sales tax and much more.
Sept. 1 = 10,000 Nurses, 61 Events, 21 States, 1 Message…
This just in from our friends and National Nurses United. Pass it on to your friends and colleagues:
10,000 Nurses & Main Street Residents to Converge at 61 Congressional Offices in 21 States on Sept. 1 with 1 Message: Tax Wall Street to Heal America
RNs to sponsor soup kitchens, street theater, speak outs on the need for jobs, healthcare, education, housing – and outline plan to pay for it cite Wall Street contributions to legislators while home districts in crisis.
From the Atlantic to the Pacific, 10,000 nurses and community participants will join actions in 21 states Thursday, September 1 demanding action on the economic crisis to heal America. They will call on senators and Congress members in their local district offices Thursday to pledge to “support a Wall Street transaction tax that will raise sufficient revenue to make Wall Street pay for the devastation it has caused on Main Street.”
LEFT: National Nurses say TAX WALL STREET in Times Square – August 2011
Events, from soup kitchens to help feed the hungry, to community speak outs, to street theater are planned from urban centers like Boston, Chicago, San Francisco, and Orlando, to smaller towns, such as Corpus Christi, Texas, Marquette, Mich., and Dayton, Ohio. Read more…
National Day of ACTION – Sept 1, 2011
From our friends at National Nurses United
On September 1, nurses and communities in more than 60 cities across the nation will be hosting soup line actions to draw attention to the needs of Main Street, and to an NNU proposed transaction tax on Wall Street.
It’s already the law in a dozen other nations, including Great Britain and the world’s fastest-growing markets. NNU legislation is being introduced in Congress soon. Stay tuned!
For more information on our National Day of Action, contact your NNU rep or check the National Nurses United web site.
National Nurses United
8630 Fenton Street, Suite 1100
Silver Spring, MD 20910
www.NationalNursesUnited.org Read more…
RISE UP, Take Back Main Street
It made us cry, it made us mad as hell, it made us RISE UP. Thanks NNU for all your work! Share this with your friends and colleagues.
Tax Wall Street | RN DeAnn McEwen Segment | Show 414
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Casey talks with our friend RN and human rights activist DeAnn McEwen. DeAnn just returned (to her home in Southern California) from a trip to NYC where she was joined by hundreds of other nurses and others in a rally on Wall Street. The message was simple, Wall Street—pay your fair share! It’s not radical…it is a simple 1/2 penny transaction tax. That alone would raise an estimated 38 billion dollars…that’s with a B! www.nationalnursesunited.org. Read more…
WALL Street. ASSISTED LIVING The Musical. SURVIVING Cancer. SLEEPING With Mites | Show 414
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Podcast (boston-edition): Play in new window | Download (Duration: 53:50 — 37.0MB) | Embed
Podcast (nnu): Play in new window | Download (Duration: 11:09 — 7.7MB) | Embed
COMING UP…Yikes…Dan is away so comedian Lynn Ruth Miller sits in with nurse Casey and from there…we’re not sure what happens!
These days it seems like everything can be a musical, Menopause The Musical, Rocker Chics The Musical, Book Of Morman The Musical, Foreclosure The Musical. Well look out because here comes Assisted Living The Musical. That’s right and we talk to the creators of the show Rick Compton and Betsy Bennett. Assisted Living is the show that asks the question…the question…what was the question? Rick and Betsy opened the show this week in San Francisco. Check it out at www.assistedlivingthemusical.com.
Why are nurses marching on Wall Street? Isn’t that a bit far from a hospital?
Casey talks with our friend RN and human rights activist DeAnn McEwen. DeAnn just returned (to her home in Southern California) from a trip to NYC where she was joined by hundreds of other nurses and others in a rally on Wall Street. The message was simple, Wall Street—pay your fair share! It’s not radical…it is a simple 1/2 penny transaction tax. That alone would raise an estimated 38 billion dollars….that’s with a B! Read more…
Rick Compton and Betsy Bennett on ASSISTED LIVING The Musical, DeAnn McEwen on Tax Wall Street and Wayne Cook on Colon Cancer | July 2-3, 2011 | Show 414
Podcast: Play in new window | Download (Duration: 53:50 — 37.0MB) | Embed
Rick Compton and Betsy Bennett, creators of Assisted Living The Musical, join us to discuss the opening of their show in San Francisco. Check it out at www.assistedlivingthemusical.com.
Casey also interviews DeAnn McEwen, who joined hundreds of other nurses in a rally to tell Wall Street pay its share! A proposed 1/2 penny transaction tax would raise an estimated 38 billion dollars….that’s with a B! www.nationalnursesunited.org.
And later we visit with Wayne Cooke, author of On The Far Side Of The Curve. Wayne is eight years away from his colon cancer diagnosis and gives a very down to earth account of his journey.