On Oct 29,Occupy DC marched on Bank of America, then the US Treasury, and finally the White House demanding a "Robin Hood" tax, a 1/2 of 1% tax on all investment transactions.
Included in the march were large "green arrows" symbolic of the arrows of the original Robin Hood, who in British legend fought against and mirror-imaged a regime that robbed from the poor to give to the rich. The arrows had to be cardboard, real arrows that size would be javelins, which are potent weapons that could not be brought to the area in question.
The Robin Hood tax, being a 1/2 of 1% tax on every investment transaction, would primarily hit speculators and would hammer the "high-frequency" traders who contribute so much to economic instability and market volatility. It would encourage mutual funds and other instruments serving people saving for retirement or school to "buy and hold," and this strategy would encourage stability. Someone buying an investment once would pay only 1/2 of 1% in taxes.
By: dcdirectactionnews
In: Other News
Tags: Robin Hood Tax, Occupy DC, Bank of America, US Treasury
Location: Washington, District of Columbia, United States (load item map)
Marked as: approved
Views: 3481 | Comments: 14 | Votes: 0 | Favorites: 0 | Shared: 6 | Updates: 0 | Times used in channels: 2
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Sorry excuses for humans.
Posted Oct-29-2011 ByWhateverQueer (125.86) WhateverQueer View Channel Send Message
(8)
@SacredVow How about a re-enactment of the French Revolution, at least the part about how to deal with the super-rich?
Posted Oct-30-2011 Bydcdirectactionnews (531.08) 
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(-1)
LET'S ALL THANK
LET'S ALL THANK
OBAMA
OBAMA
FOR DESTROYING OUR GREAT NATION
FOR DESTROYING OUR GREAT NATION
Posted Oct-30-2011 ByStun Gun (36.80) 
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(7)
DEEEEE DEEEEEEEEEEEEEEEEEEEEE DEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Posted Oct-29-2011 Bythebigniv (576.84) thebigniv View Channel Send Message
(6)
Unfortunately for them, I don't like taxes.
Posted Oct-29-2011 ByRataro (25.12) Rataro View Channel Send Message
(5)
@Rataro You pay more taxes because the rich pay so little and consume so much in terms of subsidies for things like "economic development." In DC, for instance, the government spent nearly a billon dollars on a fucking baseball stadium-while whining about budget problems and closeing homeless shelters and reducing library hours.
Posted Oct-30-2011 Bydcdirectactionnews (531.08) 
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(-1)
STFU and get a job!!!
Posted Oct-30-2011 Byjonnymule (62.38) jonnymule View Channel Send Message
(5)
look,u could take every penny of my paycheck,and every ones paycheck,form bill gates to a bums change cup,the problem will always be the u.s/government shit ability to have the common scene of how to spend the trillion dollar in revenue that they get in.so fuck you 'mic check" and demand your "elected" member's of government be responsible...god luck with that
Posted Oct-30-2011 Bydiablokid (560.00) 
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(5)
so...... stop giving them your money, idiots.
Posted Oct-30-2011 ByAmusing (5320.48) Amusing View Channel Send Message
(2)
So, if I understand this asshole. Everytime I make a contribution to my 401k or move money around in it to better my, hopeful, returns I have to pay another tax??
Think of the unintended consequences you dumb asses.
These guys are so hell bent on fucking "the man" they keep forgetting about the common man you and me.
Posted Oct-31-2011 ByKmanbay (689.86) Kmanbay View Channel Send Message
(0)
@Kmanbay Their tax proposal, my video coverage. There are ways to put floors on it based on the size of the investment, etc if ever we can get politicians to consider something like this.
Posted Oct-31-2011 Bydcdirectactionnews (531.08) 
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(-1)
@dcdirectactionnews You mean like the 10k regulations to stop money laundering by drug dealers? Fat lot of good that did.
C'mon man politicians write the laws so they can adjust the law to suit the people with the most to gain, and that ain't me. Probably not you either.
They will give it some fuzzy name like the " happy protected regular people sticking it to the fat rich bastard" tax investment fairness act of 2011.
They will leave the part out about our retirement.
Posted Oct-31-2011 ByKmanbay (689.86) Kmanbay View Channel Send Message
(0)
It's "trickle down taxes" for trickle down economics.
Posted Oct-29-2011 ByNurb (1005.92) 
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(-4)
This is about taking out the middle class, not the upper class.
Posted Oct-29-2011 Byemetvideo (27.50) emetvideo Send Message
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