HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » Sanders' Wall Street Tax ...

Sat Feb 20, 2016, 12:15 PM

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, 948 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 14 replies Author Time Post
Reply Sanders' Wall Street Tax Could Raise $300 Billion A Year (Original post)
Jefferson23 Feb 2016 OP
yourpaljoey Feb 2016 #1
hill2016 Feb 2016 #2
Jefferson23 Feb 2016 #3
hill2016 Feb 2016 #5
Jefferson23 Feb 2016 #6
hill2016 Feb 2016 #8
Jefferson23 Feb 2016 #10
hill2016 Feb 2016 #12
Jefferson23 Feb 2016 #14
PatrickforO Feb 2016 #7
SoLeftIAmRight Feb 2016 #11
ghostsinthemachine Feb 2016 #4
amborin Feb 2016 #9
AzDar Feb 2016 #13

Response to Jefferson23 (Original post)

Sat Feb 20, 2016, 12:19 PM

1. The Revolution has started.

It begins with ideas people will get behind.
We are ready.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jefferson23 (Original post)

Sat Feb 20, 2016, 12:23 PM

2. how much

 

do these other countries raise from the tax?

$300b seems a fantasy

Reply to this post

Back to top Alert abuse Link here Permalink


Response to hill2016 (Reply #2)

Sat Feb 20, 2016, 12:25 PM

3. Only if you have ties to WS is it a fantasy. n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jefferson23 (Reply #3)

Sat Feb 20, 2016, 12:27 PM

5. i would

 

rather rely on facts and figures than unicorns

Reply to this post

Back to top Alert abuse Link here Permalink


Response to hill2016 (Reply #5)

Sat Feb 20, 2016, 12:30 PM

6. The OP is there for you to refute, go for it. n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jefferson23 (Reply #6)

Sat Feb 20, 2016, 12:32 PM

8. two statistics could help

 

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

Reply to this post

Back to top Alert abuse Link here Permalink


Response to hill2016 (Reply #8)

Sat Feb 20, 2016, 12:35 PM

10. I am sure you can do your own research and then compare what the OP is stating.

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

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jefferson23 (Reply #10)

Sat Feb 20, 2016, 12:44 PM

12. what information would

 

you use to get a sense of whether the amount of $300b is realistic?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to hill2016 (Reply #12)

Sat Feb 20, 2016, 03:50 PM

14. That is already presented within the conversation in the video. You said earlier

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.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to hill2016 (Reply #2)

Sat Feb 20, 2016, 12:32 PM

7. Most of the trading volume is from computer 'bots that execute trades sometimes many times a minute

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.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to PatrickforO (Reply #7)

Sat Feb 20, 2016, 12:37 PM

11. many of the trading algorithms will be changed

 

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

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jefferson23 (Original post)

Sat Feb 20, 2016, 12:26 PM

4. kick and R'd

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

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jefferson23 (Original post)

Sat Feb 20, 2016, 12:33 PM

9. K&R

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jefferson23 (Original post)

Sat Feb 20, 2016, 12:47 PM

13. K & R

 

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread