I’ve heard that commodity speculators drive up the price of everything we buy, maybe by thousands of dollars a year for each American household. How does the Robin Hood Tax repair some of that damage?
Commodity Speculators are like War Profiteers – They make a profit on someone else’s misery.
The Robin Hood tax will help reduce commodity speculation, and save your families money.
Commodity Speculation in just one commodity, Gasoline, costs the average American Family approximately $1000 a year.
Commodity Speculation affects the price you pay for: Gasoline, Heating Oil, Orange juice, Electricity, Natural Gas, Airplane Tickets, Shipping, Bus Tickers, Military (Think Army, Air Force, Navy, Coast Guard), Manufacturing, Schools, Home Heating and Cooling, Health Care supplies.
If Commodity Speculators are like War Profiteers – Making a profit on someone else’s misery - guess which two Billionaire Brothers got into it big-time in recent years? (clue: their company is called K...... Industries).
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This page is devoted to information and links that bring specific information and facts together to educate the mostly true myth that: “Commodity Speculators Cost American Households $1000’s each year in higher prices for everything they buy.
The Robin Hood Tax will reduce these trades for a fairer trading system and cheaper prices for raw goods in America. Most likely Americans will get better prices for gasoline, heating gas, heating oil, electricity, shipping, flying, food, clothes, etc. etc.
The Robin Hood Tax on Wall Street can be a game changer start towards a fairer, more democratic, more humane, more balanced, and more moral American Tax System.
This tiny sales tax on Wall Street is:
.5% on stocks, just $.50 (50 cents) for each $100 of stock trades;
.1% on bonds, just $.10 (ten cents) for each $100 of bond trades;
.005% on derivative speculation in currencies, commodities, or other trades, just $.005 (half a penny) for each $100 of trades
The revenue generated is estimated by economists to be up to 350 billion each year!
The Robin Hood Tax can be a game changer for a fairer, more democratic, more humane, more balanced, and more moral American Tax System.
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