A Bankster Tax?
By Louise
Rep. Peter DeFazio, D-Ore.,bumped heads with Wall Street Thursday, proposing a tax on financial transactions that he said would deter high volume speculators while raising $150 billion a year that the government can use to "invest in our future, our infrastructure and our middle class.'' This is a small tax - a fraction of a penny - on every transaction. To the average investor it's meaningless. To the guys on Wall Street who are walking off with $400 million bonuses this Christmas, it's doom and destruction. Because they don't make a damn thing of value, they just move money around, and do so now electronically instantly and with virtually no costs, thus their high profits. We had this tax in the USA from the late 1930s until the 1960s and it not only generated enough money to pay for the SEC - it's original purpose - but it also put enough sand in the gears of the so-called "professional traders" that there were no bubbles and no crashes during that time on Wall Street. It only makes sense. And most other industrialized countries have a similar tax. But, then, they you won't find billionaire banksters in Sweden or Norway.
Andrew Sullivan is offering his own reasons for parting with the conservative movement. He recently wrote: "I cannot support a movement that holds that purely religious doctrine should govern civil political decisions and that uses the sacredness of religious faith for the pursuit of worldly power. I cannot support a movement that is deeply homophobic, cynically deploys fear of homosexuals to win votes, and gives off such a racist vibe that its share of the minority vote remains pitiful. I cannot support a movement which has no real respect for the institutions of government and is prepared to use any tactic and any means to fight political warfare rather than conduct a political conversation." Welcome back to the world of sanity, Andrew. Wouldn't it be nice if the old Eisenhower Republicans came back into their fold and we had actual, rational political discourse in this nation again?
Thom's Blog Is On the Move
By webmaster
Hello All
Thom's blog in this space and moving to a new home.
Please follow us across to hartmannreport.com - this will be the only place going forward to read Thom's blog posts and articles.
Images of Thom
Mueller's favorite place to pray (written about in "Prophet's Way"), and the roof of the room where the Last Supper is reputed to have happened.
From Cracking the Code:
"No one communicates more thoughtfully or effectively on the radio airwaves than Thom Hartmann. He gets inside the arguments and helps people to think them through—to understand how to respond when they’re talking about public issues with coworkers, neighbors, and friends. This book explores some of the key perspectives behind his approach, teaching us not just how to find the facts, but to talk about what they mean in a way that people will hear."
From The Thom Hartmann Reader:
"Thom Hartmann channels the best of the American Founders with voice and pen. His deep attachment to a democratic civil society is just the medicine America needs."
From The Thom Hartmann Reader:
"In an age rife with media-inspired confusion and political cowardice, we yearn for a decent, caring, deeply human soul whose grasp of the problems confronting us provides a light by which we can make our way through the quagmire of lies, distortions, pandering, and hollow self-puffery that strips the American Dream of its promise. How lucky we are, then, to have access to the wit, wisdom, and willingness of Thom Hartmann, who shares with us here that very light, grown out of his own life experience."
