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News — Robin Hood Tax

Could This Tax on Wall Street Turn Back America’s Tide of Inequality?

Could This Tax on Wall Street Turn Back America’s Tide of Inequality?

How will you honor the legacy of Martin Luther King Jr. this April 4, the anniversary of his assassination? How about by demanding that Congress get out of Wall Street’s pocket? How about by letting your representative know that you support economic equality and a just distribution of wealth in America? As Dr. King himself said, “This is America’s opportunity to help bridge the gulf between the haves and the have-nots. The question is whether America will do it. There is nothing new about poverty. What is new is that we now have the techniques and the resources to get rid of poverty. —The Nation, 03/31/14 More »

Feed our children, tax Wall Street

Feed our children, tax Wall Street

As the grocery bags suddenly become half-empty and too many kids start going hungry, a lot of people are going to ask: "Where can we find the money to feed our children?" Here's one source, probably the biggest untapped revenue source in our nation - Wall Street. By RoseAnn DeMoro, CNA/NNU Executive Director —SFGate.com, 11/27/13 More »

A great idea for making Wall Street pay its fair share

A great idea for making Wall Street pay its fair share

The idea is known as a financial transaction tax. It would amount to fractions of a penny on the dollar value of every stock, bond and derivatives trade -- perhaps 5 cents per $100. But estimates of its potential return run as high as $700 billion a year. That would bump up current federal revenues by about 24%. —Los Angeles Times, 10/28/13 More »

Workers Take Center Stage in Occupy’s Second Anniversary

Workers Take Center Stage in Occupy’s Second Anniversary

If you're going to have a raucous, costumed march in New York City, Midtown makes for a great setting. Nurses and HIV activists in Robin Hood hats took the streets yesterday, blocking traffic as they called for a financial transaction tax to fully fund healthcare and other public services. Chants of “People, not profits! Medicare for all!” filled rush-hour streets as business-suited professionals dodged through the crowds. —In These Times, 09/18/13 More »

Resisting the Empire: Four Days in Chicago

Resisting the Empire: Four Days in Chicago

Resisting the Empire: Four Days in Chicago: A film by Haskell Wexler, ­­­­Andy Davis and Mike Gray (2013). Available for $15 from http://www.fourdaysinchicago.com. Mayor 1% (Rahm Emanuel) invited the G-8 (the Group of 8 most economically powerful countries in the world) and NATO (North Atlantic Treaty Organization) to meet in Chicago in May 2012. Needless to say, this did not go over well with Chicago activists—and a whole lot more other people. —ZNET Communications, 09/17/13 More »

US ‘Corporate Tax Dodgers’ Keeping More Money Overseas

US ‘Corporate Tax Dodgers’ Keeping More Money Overseas

At a time of record corporate profits, U.S. "corporate tax dodgers" are parking more of their profits offshore, taking advantage of tax loopholes to shield billions from U.S. taxes, according to new analyses in the Wall Street Journal and Bloomberg. —Common Dreams, 03/11/13 More »

Tax Avoidance On the Rise: It’s Twice the Amount of Social Security and Medicare

Tax Avoidance On the Rise: It’s Twice the Amount of Social Security and Medicare

Three trillion dollars a year. That's how much the wealthiest Americans avoid through the system of subsidies and schemes and sweet deals that deprive middle-class workers of their earned benefits. That's three times more than the deficit. That's enough for a full-time job for every middle-class household in America. —Common Dreams, 01/09/13 More »

Fiscal cliff cuts threaten austerity for 50 million Americans already in poverty

Fiscal cliff cuts threaten austerity for 50 million Americans already in poverty

Our nurses see dire need every day in the ER, but the growing gulf of inequality in the US has made such deprivation ubiquitous. With a compromise on social security now unmasked – costing the elderly an estimated 6.2-7.7%, according to business writer Doug Henwood – America becomes more and more a place of poverty. Warnings that austerity begets poverty will go ignored, but the nation's deteriorating condition cannot so easily be overlooked. —The Guardian, 12/19/12 More »

Bill Nighy visits Malawi to see the difference a Robin Hood Tax could make

Bill Nighy visits Malawi to see the difference a Robin Hood Tax could make

Tomorrow is Worlds Aids Day. And those working on HIV/AIDS have an amazing story to tell the world: we can end the AIDS crisis. Breakthroughs in science have shown us that getting AIDS drugs to those with HIV not only keeps them alive and healthy, but can reduce risk of infection by 96%. This news is amazing - from now on, no one needs to die of AIDS - no one needs to become HIV positive. —Robin Hood Tax UK, 11/30/12 More »

Nurses urge Pelosi and others to back the Robin Hood tax

Nurses urge Pelosi and others to back the Robin Hood tax

The Inclusive Prosperity Act, or H.R. 6411, would establish a 0.5 percent tax on the trading of stocks, 50 cents on every $100 of trades and lesser rates on bonds, derivatives and currencies. It's being touted as the "Robin Hood tax" because it would generate an estimated $350 billion dollars annually that would go towards growing local economies, taking from the rich to help the poor. —San Francisco Bay Guardian , 10/03/12 More »

Clinton Urged to Support ‘Robin Hood’ Tax to Fund Climate

Clinton Urged to Support ‘Robin Hood’ Tax to Fund Climate

A transaction levy, or “Robin Hood Tax,” could help fund $100 billion of climate change aid that developed countries have pledged by 2020, and extend to health care and education as well, the 63 groups said in a letter yesterday to Clinton that was e-mailed today by Friends of the Earth. —Bloomberg News, 09/28/12 More »

The Better Bargain: Transaction Tax, Not Austerity

The Better Bargain: Transaction Tax, Not Austerity

On the eve of Occupy Wall Street’s first anniversary, Congressman Keith Ellison introduced a much-needed common sense bill: HR 6411, the Inclusive Prosperity Act. The bill taxes financial transactions to generate revenue for social needs. Amid our consensus-narrowed, deficit-obsessed political debate, it’s a call to arms, and a breath of fresh air. —The Nation, 09/26/12 More »

“Robin Hood Tax” Makes Case in DC

“Robin Hood Tax” Makes Case in DC

As the Global AIDS Conference brings people from all over the world to Washington, DC, National Nurses United and other groups call for a Robin Hood Tax on financial transactions to fund healthcare, housing, and a cure for AIDS. —The Real News Network, 07/25/12 More »

Chicago Nurses Say: We Need a Robin Hood Tax!

Chicago Nurses Say: We Need a Robin Hood Tax!

National Nurses United(NNU) took up the cause of Robin Hood at Chicago’s downtown J.P. Morgan Chase building on June 19. With its merry band of tax reforming nurses, the NNU held a lunch hour rally to press for a financial transactions tax (FTT) or as it is more commonly called, a “Robin Hood Tax”. Chicago was among 15 cities where similar rallies were held. Easily recognized by their red scrubs along with their Robin Hood hats and masks, NNU members described the Robin Hood tax in signs that read,”It’s Not a Tax On the People. It’s a Tax For the People.” —Unions.org, 07/06/12 More »

The Robin Hood Tax: A Powerful Antidote to Austerity

The Robin Hood Tax: A Powerful Antidote to Austerity

Last week, nurses rallied, bank staff marched, conservatives coalesced and finance professionals petitioned—all in support of a global tax on Wall Street speculation. You wouldn’t know it from the headlines, but by week’s end, that elusive goal was closer than ever. —The Nation., 06/25/12 More »

Do Nurses Have an Rx for Our Ailing Economy?

Do Nurses Have an Rx for Our Ailing Economy?

They became a Chicago media sensation after they streamed into Chicago’s Daley Plaza on the morning of May 18, wearing the now familiar National Nurses United (NNU) red scrubs. Many of them had the green caps and masks you've seen in nearly every Robin Hood movie ever made. The NNU is the largest union of nurses in the USA and one of the more progressive unions in the AFL-CIO. In addition to improving working conditions for nurses, the NNU has taken on the role of trying to nurse our sick economy back to health. —Salon.com, 05/31/12 More »

Nurses push tax on trades to help sick

Nurses push tax on trades to help sick

Of all the street actions leading up to the NATO summit, the one that might seem most perplexing is a nurses’ rally for a tax on securities trades. Financial markets are pretty remote from hospital bedsides, you might think. Why would nurses get mixed up in an issue like that? —Chicago Sun Times, 05/23/12 More »

Nurses union urges Wall Street tax at NATO meeting

Nurses union urges Wall Street tax at NATO meeting

The country's largest nurses union Friday afternoon pushed for a tax of Wall Street profits before a crowd of thousands in downtown Chicago at a protest aimed at the NATO summit. The National Nurses United rally concluded with an acoustic solo performance by former Rage Against the Machine guitarist Tom Morello, who's known for his union support. —Modern Healthcare, 05/23/12 More »

National Press on Chicago Rally to Tax Wall St.

National Press on Chicago Rally to Tax Wall St.

A coalition of nurses’ unions is calling for a “Robin Hood” tax on Wall Street, which they say could generate up to $350 billion a year, in the first major protest ahead of this weekend’s NATO summit in Chicago. Their pitch: impose a tax of 50 cents on every $100 of trades of stocks, bonds, dividends and other financial transactions, which are not currently taxed. The U.S. would join more than a dozen other nations that already have a financial transaction tax. —Various News Sources, 05/19/12 More »

Nurses seek financial transaction tax

Nurses seek financial transaction tax

By: Deborah Burger | Is tone deaf the new norm in Washington? Republicans insist on cuts to the bone in basic services while rejecting even modest revenue increases. The president floats proposals to increase the eligibility age for Medicare 65 to 67 along with reductions in Social Security. —San Francisco Chronicle OpEd, 07/18/11 More »