Wall St. can afford it

Wall St. can afford it

from “America isn’t broke. There’s plenty of money to build an economy worthy of our ideals and can-do spirit,” The Hightower Lowdown, December 2013

“A simple “Financial Transaction Tax” could fund opportunities for all….”

…The powerhouses of Wall Street have tunneled directly into the cloistered backrooms of Washington deal making, extracting trillions of dollars worth of government bailouts, special tax breaks, and regulatory favors every year. Yet, in a stupefying act of hypocrisy, they have also been the major force pushing policymakers to embrace extreme laissez-faire bunkum and to inflict the most austere budgetary minginess on the American people.

Through their lobbyists, front groups, economic shills, media hacks, and the politicians they’ve purchased, these pampered princes of high finance have gained a stranglehold on policy, choking off the public investment that our country desperately needs. In a nonstop drone, their operatives chant: “America is broke. Fiscal doom looms. Government spending is the cause. Austerity policies are our only hope.”

And Washington is buying this snake oil….

Advertisements

Leave a comment

Filed under Economy, Labor, Tax

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s