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SuperCommittee Members: Tax Wall Street to reduce the deficit and create jobs
  1. Signatures
    140 out of 200
    Petitioning
    1. SuperCommittee Members
  2. Created By
    Fran Tobin
    chicago, IL
About this Petition Petition Letter Petition Updates
Why This Is Important

Make Wall Street Pay!

More than 3 years after Wall Street and corporate CEO greed and fraud crashed the economy, not a single 'bankster' has gone to jail. While millions of Americans have been pushed out of jobs and homes, the Wall Street big banks are even bigger and the top execs (the 1%) are back to massive profits and bonuses. The people and institutions that caused the crisis should pay to fix it.

JOBS NOT CUTS!

America is NOT broke; the social contract has been broken.  It's time for Wall Street and the wealthy to pay their fair share of taxes, to restore our economy, our infrastructure and education.

A small tax on financial market transactions has the potential to raise significant revenue and simultaneously limit reckless short-term speculation that can threaten financial stability. We are writing to ask you to support such a tax, and to request that it be part of any new budget plan.

Financial transaction taxes have a long track record both in the United States and globally. The United States had a transfer tax from 1914 to 1966. The UK levies a transaction tax on stock transfers and has done so for many years.

The European Union is on the verge of approving a small transaction tax, including ten cents per $100 on stock transactions. The tiny transaction tax they are working on is estimated to raise over $70 billion annually. A similar transaction tax in the United States would raise even more money, as our financial markets are larger.

We join over 1,000 economists who recently signed an open letter advocating a financial speculation tax as "technically feasible" and "morally right."

Why People Are Signing
Recent Signatures

Tax Wall Street to reduce the deficit and create jobs

Greetings,

I just signed the following petition addressed to: SuperCommittee Members.

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Tax Wall Street to reduce the deficit and create jobs

Make Wall Street Pay!

More than 3 years after Wall Street and corporate CEO greed and fraud crashed the economy, not a single 'bankster' has gone to jail. While millions of Americans have been pushed out of jobs and homes, the Wall Street big banks are even bigger and the top execs (the 1%) are back to massive profits and bonuses. The people and institutions that caused the crisis should pay to fix it.

JOBS NOT CUTS!

America is NOT broke. There is more wealth than ever, but it is increasingly concentrated in the hands of the 1%. The 'Super Committee' has unprecedented power to reshape the federal budget, and it's time for Wall Street and the wealthy t pay their fair share of taxes, to restore our economy, our infrastructure and education.

A small fee on Wall Street speculative transactions (known as a Financial Speculation Tax or Tobin Tax, see http://www.cepr.net/documents/fst-facts-myths-12-10.pdf ) would generate revenue that could put millions of people back to work, doing the jobs our country so desperately needs.

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Sincerely,

[Your name]