Skip to main content

With the proliferation of trading being done by computer as to exploit miniscule price fluctuations in stock prices. The stock market has become a casino, a casino where the house always wins and any one unlucky enough to wander onto the playing floor can expect to be fleeced faster than a paraplegic at a pickpockets convention. One way to slow down these trades being done solely for exploiting profit margins with the side effect of increasing prices on the rest of us, is a transaction tax. A small per trade tax that will not only do wonders for our economy as prices stabilize instead of being driven up by trades but will be a revenue source as well.

To raise awareness of this movement ACT UP will join with Occupy Wall Street on April 25th at 11am to march on Wall street.

ACT UP Press release:

April 2 '2012 (NEW YORK) — To commemorate its 25th anniversary, the AIDS activist group ACT UP will return to its roots and stage a massive demonstration and march on Wall Street— on Wednesday, April 25 — starting at 11 am at City Hall and ending on Wall Street.

Hundreds of protestors are expected to converge for a daylong siege in Lower Manhattan.

ACT UP (The AIDS Coalition to Unleash Power) will be joined by Occupy Wall Street (OWS), the organization making history this year and last with its public encampments and series of protests against the global financial community. The groups are joining forces to pump up the volume on a growing nationwide outcry for a "Financial Speculation Tax" (Fi.S.T.) on Wall Street.

The groups are calling on local, state, and federal legislators to "give Wall Street the FiST," which is needed to fill AIDS funding gaps and — once and for all — provide universal healthcare in the US. It’s time for effective healthcare to be made available to everyone — to the 99%, not just the 1%.

The Fi.S.T. does not target individual investors, and would not affect regular bank transactions. Instead, it would place a small tax — a mere fraction of one percent — on speculative trading by Wall Street investment banks, hedge funds and other large financial institutions.

HIV treatment saves lives — by preventing new infections and keeping those already infected from reaching end-stage AIDS. However, of all people worldwide in need of access to HIV treatment, only 44% have it. More than 8 million people do not. In the United States today, 3,840 people who qualify for federal assistance to pay for HIV treatment are on waiting lists — or in other words, are at risk of dying from AIDS.

"The AIDS crisis is not over," says veteran ACT UP New York member Ann Northrop. "But, we know it could be," she adds.

AIDS treatment — when combined with simple prevention interventions — is the key to
breaking the back of the epidemic worldwide. In addition to saving lives, early HIV/AIDS
treatment reduces the risk of transmission of HIV by 96%. And so, with sufficient funding for treatment and prevention, we can turn the tide on AIDS. Globally, HIV/AIDS has claimed over 30 million lives.

Both ACT UP and OWS suggest the revenue from a Financial Speculation Tax would be
significant — potentially in the hundreds of billions of dollars. The revenue from this tax should be used to fund the end of the AIDS pandemic, i.e. to fill in US budget gaps in the fight against HIV/AIDS at home and abroad. It should be used to provide treatment, services and prevention to thousands of Americans and millions around the world. The groups also say the tax could help pay for universal healthcare in the US.

“We are organizing this historic united front to bring our message to governments and to Wall Street financiers who are sitting on the key to ending the AIDS epidemic,” according to Eric Sawyer, a founding member of ACT UP New York. "There is no excuse. We have the knowhow to end AIDS. It is lack of funding and political will that keeps us from reaching universal access to HIV treatment worldwide."

Additional organizations are expected to join the demonstration in New York City, including Housing Works, Health GAP, National Nurses United, OWS Healthcare for the 99% Working Group, Visual AIDS, MIX NYC, Le Petit Versailles, Queerocracy, Queering OWS and others.

The action will be in New York on April 25th — but the need is global. And, the time is now.

AIDS is now. END AIDS NOW!

ACT UP & Occupy!
Tax Wall Street!
End AIDS!

The AIDS crisis is not over — but it could be! Tax Wall St. to End #AIDS #ACTUP #OWS #OccupyAIDS #OccupyWallSt #TaxWallSt #EndAIDS #April25 #ActUp25 #A25


But ACT UP is looking to the future—and getting back to its radical roots—on April 25, when members will join protestors from Occupy Wall Street for a march through New York’s financial sector. The objective is to push for  a “financial speculation tax,” which would charge banks, brokerage houses and other institutions for speculative trading. It even has a handy acronym with populist/communist/gay-sex undertones: FiST!
Do the PTB really want to mess with ACT UP?

Originally posted to Occupy Wall Street on Thu Apr 05, 2012 at 07:17 PM PDT.

Also republished by Milk Men And Women, Angry Gays, TransAction, Income Inequality Kos, LGBT Kos Community, ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement, and Progressive Hippie.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site