Transaction Tax Would Benefit All Americans

[ABFwife]

Not exactly sure what a Transaction Tax is but I do agree that we need to figure out how to raise the money to start rebuilding our infrastructure. And that would mean good jobs!

The Teamsters, allied groups and even some lawmakers have put forward the idea of increasing investment in America as a way to get more people to work while at the same time repairing or replacing essential infrastructure. But how to pay for it? A new Economic Policy Institute (EPI) report explains how.

A financial transaction tax (FTT) would increase tax revenue while at the same time decrease financial sector waste. EPI estimates that such a surcharge could raise upwards of $400 billion a year, while curbing financial transactions that do not positively affect the economy, such as the sale of derivatives.

“With the extraordinary rise in income inequality in recent decades, we need to look for progressive revenue sources to protect and expand public investment and social insurance programs,” said Josh Bivens, EPI’s Research and Policy Director.

https://teamster.org/blog/2016/08/tr...-all-americans

[strapdrager]

The Government collects plenty of taxes. Infact to record levels. We need someone to ask where it really goes and does that have a preference over the people's needs.

The Larger Government gets and the more it takes the worse off the people have been