President Obama: Help fund lasting solutions to global problems
This petition had 19,938 supporters
Reckless Wall Street gambling has collapsed the global economy. The American people helped the banks on the condition that they would free up credit for small businesses, modify mortgages, and help put America back to work. But they have not kept up their side of the bargain.
A small, 0.25% or less tax on stock market speculation would barely cause a dent in the profits of big banks - but would generate over $150 billion a year in the U.S. alone. That's $150 billion each year to fund global and domestic solutions to urgent issues like climate change.
Remind President Obama that banks have not kept up their side of the bargain - and urge him to support the Financial Speculation Tax, which will create real, lasting solutions to problems like climate change.
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