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Gambling, evicting JP Morgan Chase gets picket demanding Robin Hood tax

On the 19th of June, the National Nurses Union, backed up my many other
groups including NOW, AIDS activists, and Occupy our Homes, picketed at
the 800 Connecticut Ave office of JP Morgan Chase demanding that the
bank support a Robin Hood tax of 1/2% on financial transactions.

JP Morgan Chase is the same bank that gambled away at least $2 billion of taxpayer funds and was responsible for the violent eviction on June 5 of Dawn Butler from 917 MD Ave, where three Occupy our Homes protesters were injured.

One of the speakers pointed out that Mr and Mrs You and Me have to pay sales taxes on just about everything, but banks get to trade stocks and bonds without paying sales taxes. Meanwhile the GOP wants to cut taxes on the wealthy and shut down programs like food stamps!

Deborah Harris of Occupy Our Homes, herself facing foreclosure by JP Morgan Chase, was one of the speakers. She was also arrested when Occupy Our Homes confronted JP Morgan Chase CEO Diamond at his testimony before Congress about the billions of taxpayer dollars his bank gambled away on Wall Street.

Proponents of the Robin Hood tax say it will bring two benefits: One is that it will raise a lot of revenue from a very small tax, and the other is that it will discourage high frequency trading that causes much market instability,

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Added: Jun-19-2012 Occurred On: Jun-19-2012
By: dcdirectactionnews
In: Other News
Tags: National Nurses Union, Occupy DC, Occupy our Homes, JP Morgan Chase
Location: Washington, District of Columbia, United States (load item map)
Marked as: approved
Views: 907 | Comments: 20 | Votes: 0 | Favorites: 0 | Shared: 2 | Updates: 0 | Times used in channels: 2
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  • Comment of user 'mikecurse' has been deleted by item owner!
  • Comment of user 'Rebel_Radius' has been deleted by item owner!

    • @Rebel_Radius Funny thing about what you said is that kings and nobles worked HARD for their money. They coerced other humans(serfs) to work their land under the threat of sword. That or they outright stole their wealth. JP morgan is a fucking sham operation. After saying that i think what these people did as a protest was fucking corny and it showed what special interests have their hands out.

      Posted Jun-19-2012 By 
      absu69 (2112.94)

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    • Comment of user 'Rebel_Radius' has been deleted by item owner!

    • @Rebel_Radius Robin Hood just stole from the corrupt in government that were over taxing the people and gave back to the poor. He was a soldier and was not at all fitting the meaning of Socialist.

      Posted Jun-19-2012 By 
      journeyman083 (138.90)

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    • @journeyman083 Only socialists have an entitlement expectation. They are the looters because they steal from others and their morality is dependency (to rely upon others to feed them and their families.)

      Individual Patriots do not accept anything stolen from others. They are the producers because they work for themselves and their morality is INDEPENDENCE.

      Posted Jun-19-2012 By 
      Rebel_Radius (1454.42)  

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    • @Rebel_Radius It has nothing to do with Socialism. Robin Hood stole from only those in power which were responsible for over taxing the people. He was punishing them for their treatment of the people. They got what they deserved. Robin Hood rules. Speaking of stealing, taking a tax, especially so much from people that earned their money or were given it freely is robbery. If I bake a pie, I'm not obligated to give it to anyone unless I enter into an agreement! Taxes are robbery!

      Posted Jun-19-2012 By 
      journeyman083 (138.90)

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  • id be really suprised if any of these people took PTO to join this protest

    jp morgan is a joke on the other hand and the banks are just doing the same shit

    all they got was a slap on the wrist and tax payer money

    Posted Jun-19-2012 By 
    mylostsoul (736.64)  

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  • Comment of user 'klark kent' has been deleted by item owner!

  • Many here seem to reject the "Robin Hood" idea, but why should we NOT tax those who go to taxpayers begging for a three quarter trillion dollar bailout (TARP) from OUR money, then use the bailout funds to pay huge CEO bonuses like AIG did or buy a private prison contractor like Wells Fargo did, or just gamble it all away on Wall Street like JP Morgan Chase? Too big to fail is too big to exist. I prefer breaking the big banks up, but until then can't we at least tax them enough to pay b More..

    Posted Jun-20-2012 By 
    dcdirectactionnews (515.68)  
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