Two of the Five Richest Americans have endorsed the Robin Hood Tax! The top five Billionaires are #1 Bill Gates, # 2 Warren Buffett, #3 Larry Ellison, & #4&5 Charles & David Koch. From 2012 to 2013 the 442 American Billionaires increased their average net worth by $400 million EACH.
If Billionaires support a tax increase on them as - the only fair thing to do - we agree 100%!
The Robin Hood Tax can be a game changer for a fairer, more democratic, more humane, more balanced, and more moral American Tax System.
Answer: Gates and Buffett have endorsed the Robin Hood Tax.
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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