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First, it's a rank injustice that even the poorest among us are taxed on our purchases while millionaire Wall Streeters who make high-speed computerized purchases skate through this gaping loophole.

Second, the profiteering churners and reckless speculators wrecked the country's economy, and they've never paid for the mess they made for so many millions of families that consequently lost jobs, homes, income, and hope.

Third, this is a BIG IDEA that will let our society do big things again. Plugging this loophole with even a small sales tax on purchases by high frequency traders will generate the money America needs to do what needs to be done.

The U.S. taxpayer bailed out the financial sector to the tune of more than $700 billion; despite that, the big Wall Street trading firms and banks continue to flout the law, continue to overpay their executives and traders, and continue to squeeze mortgage borrowers and small businesses alike.

The Robin Hood Tax is a way to start getting repaid. Wall Street has so far escaped paying the bill, legally or financially, for the damage it did to the economy.

Robin Hood Tax supporters believe that banks, hedge funds and the rest of the financial sector should pay their fair share to clear up the mess they helped create.

The Sorry State of Corporate Taxes: What Fortune 500 Firms Pay (or Don’t Pay) in the USA And What they Pay Abroad — 2008 to 2012

A Robin Hood Tax on Wall Street could raise $350 billion annually -- money that could be used to repair critical infrastructure, create decent paying jobs, reduce the tax burden on individuals and start to rein in frivolous high-volume trading.

But if a high-roller in the High Frequency Trading game buys $10 million worth of corporate stock, $10 million worth of oil futures, and $10 million worth of a Goldman Sachs package of derivatives - he or she pays zero tax on the sales.

Consider this fact: American consumers in most states pay sales taxes on the necessities they purchase -- cars, appliances, clothes, etc. The rate of such sales tax is, in some areas, as high as 7 percent. For example, a schoolteacher or police officer who buys a $100 pair of shoes pays up to $7 in sales taxes.

Most people accept the idea of paying such a tax. But what about the folks on Wall Street? A trader can buy and sell millions of dollars of financial products each day without paying a cent in sales taxes. Why should financial transactions be exempt from a small sales tax?

Break Wall Street's control of our Government. Economic Justice for every American! We need a Robin Hood Tax on Wall Street … and a movement that forces legislators to care about our communities…

Please like the Robin Hood Tax on Wall Street Facebook page at:

Get more info at the main Campaign web site:

Endorse and Volunteer for the Robin Hood Tax on Wall street at:

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Join the Robin Hood Tax Twitter campaign at:

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