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Jefferson23

(30,099 posts)
Sat Feb 20, 2016, 12:15 PM Feb 2016

Sanders' 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 countries

February 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."

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=15699
14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Sanders' Wall Street Tax Could Raise $300 Billion A Year (Original Post) Jefferson23 Feb 2016 OP
The Revolution has started. yourpaljoey Feb 2016 #1
how much hill2016 Feb 2016 #2
Only if you have ties to WS is it a fantasy. n/t Jefferson23 Feb 2016 #3
i would hill2016 Feb 2016 #5
The OP is there for you to refute, go for it. n/t Jefferson23 Feb 2016 #6
two statistics could help hill2016 Feb 2016 #8
I am sure you can do your own research and then compare what the OP is stating. Jefferson23 Feb 2016 #10
what information would hill2016 Feb 2016 #12
That is already presented within the conversation in the video. You said earlier Jefferson23 Feb 2016 #14
Most of the trading volume is from computer 'bots that execute trades sometimes many times a minute PatrickforO Feb 2016 #7
many of the trading algorithms will be changed SoLeftIAmRight Feb 2016 #11
kick and R'd ghostsinthemachine Feb 2016 #4
K&R amborin Feb 2016 #9
K & R AzDar Feb 2016 #13
 

hill2016

(1,772 posts)
8. two statistics could help
Sat Feb 20, 2016, 12:32 PM
Feb 2016

(1) how much do other countries raise from FTT?
(2) how much profits does Wall Street make a year

Jefferson23

(30,099 posts)
10. I am sure you can do your own research and then compare what the OP is stating.
Sat Feb 20, 2016, 12:35 PM
Feb 2016

Why you believe those stats is all you need, I can't say.

Jefferson23

(30,099 posts)
14. That is already presented within the conversation in the video. You said earlier
Sat Feb 20, 2016, 03:50 PM
Feb 2016

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)
7. Most of the trading volume is from computer 'bots that execute trades sometimes many times a minute
Sat Feb 20, 2016, 12:32 PM
Feb 2016

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)
11. many of the trading algorithms will be changed
Sat Feb 20, 2016, 12:37 PM
Feb 2016

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)
4. kick and R'd
Sat Feb 20, 2016, 12:26 PM
Feb 2016

this is great. gonna use it in my response to my right wing friend's email about bernies HC plan....

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