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Occupy DC Marches on BofA, US Treasury demanding "Robin Hood" tax

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.

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Added: Oct-29-2011 Occurred On: Oct-29-2011
By: dcdirectactionnews
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Tags: Robin Hood Tax, Occupy DC, Bank of America, US Treasury
Location: Washington, District of Columbia, United States (load item map)
Views: 3661 | 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 By 

    (8) | Report

  • LET'S ALL THANK

    LET'S ALL THANK

    OBAMA

    OBAMA

    FOR DESTROYING OUR GREAT NATION

    FOR DESTROYING OUR GREAT NATION

    Posted Oct-30-2011 By 

    (7) | Report

  • DEEEEE DEEEEEEEEEEEEEEEEEEEEE DEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

    Posted Oct-29-2011 By 

    (6) | Report

  • Unfortunately for them, I don't like taxes.

    Posted Oct-29-2011 By 

    (5) | Report

    • @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 By 

      (-1) | Report

  • STFU and get a job!!!

    Posted Oct-30-2011 By 

    (5) | Report

  • 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 By 

    (5) | Report

  • Comment of user 'Amusing' has been deleted by author (after account deletion)!
  • 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 By 

    (0) | Report

    • @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 By 

      (-1) | Report

    • @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 By 

      (0) | Report

  • It's "trickle down taxes" for trickle down economics.

    Posted Oct-29-2011 By 

    (-4) | Report

  • This is about taking out the middle class, not the upper class.

    Posted Oct-29-2011 By 

    (-4) | Report