Do we need a “Robin Hood tax” on the banks?

French President Nicholas Sarkozy is requiring his nation’s banksters to pay their fair share for the damage they caused to the economy.  He intends to introduce a financial transaction tax – also known as a “Robin Hood tax” – on the banks.  The proposal is a one-tenth of one percent tax on all stock transactions.  As Sarkozy said, “What we want to do is create a shockwave and set an example that there is absolutely no reason why those who helped bring about the crisis shouldn’t pay to restore the finances.” 

Here in the United States though – the banksters continue to skate by without paying one dime for the damage they caused – even after getting trillions in bailout money, courtesy of we the people.  According to estimates – a Robin Hood tax in America could raise tens of billions of dollars per year to help keep our social safety net intact, rebuild our infrastructure, and pay down our debt.  So the question is – what the heck are we waiting for?!  Tax the banks!