2016 Postmortem
Related: About this forumSanders' Wall Street Tax Could Raise $300 Billion A Year
Robert Pollin, who authored the Inclusive Prosperity Act, says transaction taxes are common in many capitalist countriesFebruary 18, 2016
Bio
Robert Pollin is Distinguished Professor of Economics and Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst. He is also the founder and President of PEAR (Pollin Energy and Retrofits), an Amherst, MA-based green energy company operating throughout the United States.
His books include The Living Wage: Building a Fair Economy (co-authored 1998); Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity (2003); An Employment-Targeted Economic Program for South Africa (co-authored 2007); A Measure of Fairness: The Economics of Living Wages and Minimum Wages in the United States (co-authored 2008), Back to Full Employment (2012), Green Growth (2014), Global Green Growth (2015) and Greening the Global Economy (forthcoming 2015).
He has worked recently as a consultant for the U.S. Department of Energy, the International Labour Organization, the United Nations Industrial Development Organization and numerous non-governmental organizations in several countries on various aspects of building high-employment green economies. He has also directed projects on employment creation and poverty reduction in sub-Saharan Africa for the United Nations Development Program, and has worked with many U.S. non-governmental organizations on creating living wage statutes at both the statewide and municipal levels. He is presently a member of the Scientific Advisory Committee of the European Commission project on Financialization, Economy, Society, and Sustainable Development (FESSUD). He was selected by Foreign Policy magazine as one of the "100 Leading Global Thinkers for 2013."
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yourpaljoey
(2,166 posts)It begins with ideas people will get behind.
We are ready.
hill2016
(1,772 posts)do these other countries raise from the tax?
$300b seems a fantasy
Jefferson23
(30,099 posts)hill2016
(1,772 posts)rather rely on facts and figures than unicorns
Jefferson23
(30,099 posts)hill2016
(1,772 posts)(1) how much do other countries raise from FTT?
(2) how much profits does Wall Street make a year
Jefferson23
(30,099 posts)Why you believe those stats is all you need, I can't say.
hill2016
(1,772 posts)you use to get a sense of whether the amount of $300b is realistic?
Jefferson23
(30,099 posts)you had your own sense of stats to apply. My response to you is based on the video
information and why I was curious how YOU came up with that to confirm his
analysis to be correct or not. I don't have a reason to doubt him, if you do, then apply
whatever measures you think are correct.
PatrickforO
(14,586 posts)to capture miniscule profits from arbitrage between 'ask' and 'sell' price. I suspect you knew this. But the $300 billion does not seem that far fetched to me.
SoLeftIAmRight
(4,883 posts)the skimming off the top and out of the Americans pockets will be reduced
for a time
the lure of easy money will continue
we should put some of it to good use
ghostsinthemachine
(3,569 posts)this is great. gonna use it in my response to my right wing friend's email about bernies HC plan....