{"id":2235,"date":"2021-02-22T06:31:29","date_gmt":"2021-02-22T06:31:29","guid":{"rendered":"https:\/\/yourtrueinfosource.com\/articles\/?p=2235"},"modified":"2021-02-22T06:31:29","modified_gmt":"2021-02-22T06:31:29","slug":"solutions-for-the-current-global-economic-crisis-2","status":"publish","type":"post","link":"https:\/\/yourtrueinfosource.com\/articles\/solutions-for-the-current-global-economic-crisis-2\/","title":{"rendered":"SOLUTIONS FOR THE CURRENT GLOBAL ECONOMIC CRISIS"},"content":{"rendered":"

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

\n

\n
\n
\n
Ten percent of Americans now control 97 percent of all capital income in the country. Nearly half of the new income generated since the global financial crisis of 2008 has gone to the wealthiest one percent of U.S. citizens. The richest three Americans collectively have more wealth than the poorest 160 million Americans.<\/strong><\/div>\n
<\/div>\n
THE U.S. ECONOMY EXCELS AT ONE THING : PRODUCING MASSIVE INEQUALITY<\/a><\/div>\n
<\/div>\n
\n

Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens<\/a><\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

The Panama Papers: Breaking the Story of How the Rich and Powerful Hide Their Money<\/a><\/strong><\/p>\n

\u00a0<\/strong><\/p>\n<\/div>\n

\n
<\/div>\n
\u00a0A PAINLESS SIMPLE WAY TO REDISTRIBUTE THE WEALTH<\/strong><\/div>\n
<\/div>\n
<\/div>\n
A\u00a0Financial Transaction Tax<\/a>\u00a0(FTT) on speculative trading, is sometimes called the Tobin Tax after the man who first proposed it, Nobel laureate economist James Tobin, or the Robin Hood Tax.<\/div>\n
The revenue potential of a Tobin Tax is\u00a0huge<\/strong>.\u00a0 The Bank for International Settlements reported in 2019 that total annual derivative trades were $640 Trillion.\u00a0 That figure is probably low, since over-the-counter trades are unreported and their magnitude is unknown.<\/div>\n
<\/div>\n
A mere 1% tax on $640 Trillion would generate\u00a0$6 Trillion 400 Billion annually<\/strong>\u00a0in public funds. That is\u00a0only<\/em>\u00a0for 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.This would provide the USA with approximately 3TRILLION 400 BILLION DOLLARS !<\/div>\n
<\/div>\n
The much-needed income from a 1% U.S. FTT tax could be split between federal and state governments.<\/div>\n<\/div>\n<\/div>\n
<\/div>\n<\/div>\n
\n
<\/div>\n
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<\/div>\n
\n

 <\/p>\n

The Following Links explain all this in more detail.\u00a0 It is essential to realize that in the past\u00a0Main<\/strong>\u00a0Street bailed out\u00a0Wall<\/strong>\u00a0Street (2008-2009 financial crisis).\u00a0\u00a0Now it is critical – because of the current economic upheaval precipitated by the global “Pandemic\/Feardemic” –\u00a0that\u00a0Wall Street bail out Main street!\u00a0MAIN ST. BAILED OUT WALL ST. NOW IT IS TIME FOR WALL STREET TO BAIL OUT – HERE IS HOW!<\/a><\/strong><\/p>\n

To learn more about this\u00a0“Plandemic\/Feardemic” see articles below.<\/p>\n

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

\n
\n
\n

\n

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

\n

Sen. Sander’s Tax Wall Street Plan Would Raise $300 Billion, Create Millions of New Jobs<\/a><\/strong>ROBINHOODTAX\u00a0<\/a>1.00%\u00a0will yield $600 Billlion Yearly! A Tax on Derivatives as highlighted above will generate\u00a03TRILLION 400 BILLION DOLLARS !<\/strong><\/p>\n

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