{"id":2221,"date":"2021-02-22T06:28:41","date_gmt":"2021-02-22T06:28:41","guid":{"rendered":"https:\/\/yourtrueinfosource.com\/articles\/?p=2221"},"modified":"2021-02-22T06:28:41","modified_gmt":"2021-02-22T06:28:41","slug":"solutions-for-the-current-global-economic-crisis","status":"publish","type":"post","link":"https:\/\/yourtrueinfosource.com\/articles\/solutions-for-the-current-global-economic-crisis\/","title":{"rendered":"SOLUTIONS FOR THE CURRENT GLOBAL ECONOMIC ‘CRISIS”"},"content":{"rendered":"

SOLUTIONS FOR THE CURRENT GLOBAL ECONOMIC ‘CRISIS”<\/span><\/strong><\/p>\n

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A\u00a0financial transaction tax<\/a>\u00a0on speculative trading is sometimes called a Tobin tax, after the man who first proposed it, Nobel laureate economist James Tobin. The revenue potential of a Tobin tax is huge. The Bank for International Settlements reported in 2008 that total annual derivatives trades were\u00a0$1.14 quadrillion<\/a><\/em>\u00a0(a quadrillion is a thousand trillion). That figure was probably low, since over-the-counter trades are unreported and their magnitude is unknown. A mere 1% tax on $1 quadrillion in trades would generate $10 trillion annually in public funds. That is only for derivatives. There are also stocks, bonds and other financial trades to throw in the mix; and more than half of this trading occurs in the United States.<\/div>\n<\/div>\n<\/div>\n
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Another arresting fact is that just\u00a0five super-rich commercial banks<\/a>\u00a0control 97% of the U.S. derivatives market: JPMorgan Chase & Co., Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co.<\/div>\n<\/div>\n

Promoters of international development have suggested that a mere\u00a0.005% tax<\/a>\u00a0could raise between $30 billion and $60 billion per year, enough for the G7 countries to double international aid.<\/p>\n

Other\u00a0proponents<\/a>\u00a0favor the larger 1% tax originally proposed by James Tobin. The much-needed income from a U.S. tax could be split between federal and state governments.<\/p>\n

We, The Light Party, propose a 1.0% Financial Transaction Tax , (Surcharge) would raise $600 Billion Dollars\/year or More!!<\/p>\n

The Following Links explain all this in more detail..Indeed, now more than ever, it is essential to realize that in the past Main Street bailed out Wall Street (2008-2009 Financial Crisis)…<\/p>\n

Now, it is critical because of the current economic upheavel\u00a0 precipitated by the Global “Pandemic\/Feardemic” that Wall Street bails out Main street!! To Learn more about this manufactured\u00a0“Pandemic\/Feardemic” See Articles below<\/p>\n


What is a Financial Transaction Tax?<\/a><\/strong><\/p>\n

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Financial trade tax gains traction with 2020 Democrats..About Time!!!<\/a><\/strong><\/p>\n

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Sen Sander’s Tax Wall Street Plan Would Raise $300 Billion, Create Millions of New Jobs<\/a><\/strong>ROBINHOODTAX<\/a><\/p>\n

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NURSES UNITED IN SUPPORT OF THE ROBIN HOOD TAX AKA FINANCIAL TRANSACTION TAX<\/a><\/div>\n<\/div>\n<\/div>\n
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A 2% Financial Wealth Tax Would Provide a $12,000 Annual Stipend to Every Ameriican<\/a><\/div>\n
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BRILLANT PRACTICAL IDEAS TO TRANSFORM THE CURRENT TAX STRUCTURES<\/strong><\/div>\n
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Fairtax.org<\/a>) and\/or\u00a0THE AUTOMATED PAYMENT TRANSACTION TAX…<\/a><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

SOLUTIONS FOR THE CURRENT GLOBAL ECONOMIC ‘CRISIS”   A\u00a0financial transaction tax\u00a0on speculative trading is sometimes called a Tobin tax, after the man who first proposed it, Nobel laureate economist James Tobin. The revenue potential of a Tobin tax is huge. The Bank for International Settlements reported in 2008 that total annual derivatives trades were\u00a0$1.14 quadrillion\u00a0(a … <\/p>\n

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