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Thread: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street excess

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street excess | The Raw Story
    Video @: Introducing the Robin Hood Tax - YouTube

    I can get behind this idea. Seems like some common sense stuff...

    Thoughts?
    Comments?
    Response? [/FONT][/COLOR]

    Get ready for the screaming, foaming push back from everyone on DP who gets their opinions from Fox News. Start up the talking point machine.

    "Common sense" is a phrase Palin uses a lot, even though she's a complete idiot with no sense at all.

    Common Sense is not a partisan notion, but the GOP likes to talk about it while they filibuster every pit of it.

    Thank you, Tea folk, for breaking our Government.

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc

    Quote Originally Posted by Middleground View Post
    Why? I'll tell you why, and it has nothing wrong with being a business. It has everything to do with being a corrupt business. Seems to me you are not fully aware of what happened a few years ago, but no worries. You can watch this excellent piece to get all of the facts. It will take 4 hours out of your life, but it's well worth it:

    Money, Power and Wall Street | FRONTLINE | PBS




    You have to be seriously kidding!



    While I do admit that some of that irks me, they haven't robbed me of my pension plan.





    Watch the doc.
    I truly wish that 'Wall Street' would do you the favor that you so richly demand and shut down. Completely shut down. Lets say...2 months. Maybe 6. Give you what you want. Watch how well that goes over.

    You think corruption only occurs on Wall Street or with bankers (and BTW...'Wall Street'...you know how many people are employed there, right)? You know how many are middle income people busting their ass working very hard to make a living, right? You know how many investors are middle income private investors and how many individuals have life savings and retirement accounts tied up there, as well as how many politicians...conservatives and democrats alike are enmeshed with 'Wall Street', right? Saying 'Wall Street' is like saying 'white people' or 'black people' or 'democrats' or 'republicans'.

    Fix corruption...by all means. Start with DC. Hell...start with the current administration.

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc

    Quote Originally Posted by whysoserious View Post
    I voted for Obama and I think I am going to vote for Obama again - though I'll have to watch the debates.

    I must say, I do agree with some of that, VanceMack. While I do think many of the rich are willing to pay more tax (by that I mean have loopholes closed on them and a more flat rate), I do think you are correct that many of the 99%ers have no idea what they are protesting. Many of them say bust up the banks... why? How does busting up any business help?

    That's not related to this thread and you aren't debating one of those people. Try again.
    Its precisely the debate. This thread is about an opinion piece by a couple of individuals using pop culture attacks on 'Wall Street'. Its a tired saw...tax the rich, increase taxes on Wall Street. And that fixes...what again? Giving more money to a government that cant so much as negotiate DEFICIT reductions equates to what? How does that impact reckless and continuously out of control spending, or job creation? We have seen far too many examples of increased debt that has been thrown away on promised 'jobs'...meanwhile unemployment continues to climb (real unemployment...the unemployment that counts EVERYONE including those that have exhausted unemployment benefits), the homes market is still unstable, we have no way of knowing just how much whatever healthcare changes are going to cost when and if they are finally implemented, student loan debt is huge and going to get worse, universities continue to offer worthless degree programs, public education is a nightmare, states across the country are deeper and deeper in debt...and we toss out chum about 'Wall Street' as if that is somehow an answer. Its not an answer...its a diversion.

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc


    Another vote for increasing taxes on the wealthy, although we're looking for a 3% increace. The .5% tax on transactions we will call a Fee, former Massachuttes Governor Willard M. Romney will be down with that, as he doubled & tripled of more "Fees" on most small businesses in the state, & by small I don't mean Koch Bros. small, I mean barber shop small.

    Quote Originally Posted by mike2810 View Post
    Why just pick on Wall Street transactions. Lets expand to include the entertainment industry. Anyone making over $250,00 a year would pay the 50c per $100 earned. Isn't paying an some actors over $750,000 per episode excessive? Lets also include sports. Is it really fair someone can earn millions of dollars a year playing a game? They also should pay more.

    the feds can't balance their checkbook. they can't seem to control spending. Why in the world would someone thing giving them more money would help solve our debt? Until both parties can show fiscal responsibilities giving them more money is a bad idea. Many of us have to live within our means. Congress and President need to do the same.

    I was so much older then, I'm younger than that now. Bob Dylan

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc

    WOW. Some lefty loons have invented a new tax. Of course it taxes trading on Wall Street, not the entertainment industry that they, and their co-sponsors, depend on. Why not donate $1 of each movie ticket, concert ticket, CD and DVD sold to reduce the national debt? Add to that $.10 for each DVD rented or song sold on iTunes and we have an entertainment industry "gold mine" to help reduce our national debt. Perhaps if these folks led by example, just once, instead of devising ways for OTHER people to pay the gov't bills for those those that pay no federal income taxes. It is always SO easy to be generous, with someone else's wages, but far more meaningfull to give of your own. ;-)
    The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man. ― George Bernard Shaw, Man and Superman

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc

    Quote Originally Posted by VanceMack View Post
    I truly wish that 'Wall Street' would do you the favor that you so richly demand and shut down. Completely shut down. Lets say...2 months. Maybe 6. Give you what you want. Watch how well that goes over.

    You think corruption only occurs on Wall Street or with bankers (and BTW...'Wall Street'...you know how many people are employed there, right)? You know how many are middle income people busting their ass working very hard to make a living, right? You know how many investors are middle income private investors and how many individuals have life savings and retirement accounts tied up there, as well as how many politicians...conservatives and democrats alike are enmeshed with 'Wall Street', right? Saying 'Wall Street' is like saying 'white people' or 'black people' or 'democrats' or 'republicans'.

    Fix corruption...by all means. Start with DC. Hell...start with the current administration.
    Vance, do you seriously think most people (investors) knew about deriatives and credit default swaps, and how risky they were? Of course not. After all, when you have Standards and Poors to tell you otherwise, then one feels much more assurance. Some people invest in Wall Street and others run Wall Street. There is a big difference. It was the ones that ran the show that ****ed up everything that we all have been bitching about the last few years.

    (I really strongly recommend you want the Frontline piece. It's excellent journalism.)
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc


    Hell yeah, the Banks been writing law long enough, time to give someone else a chance.

    Quote Originally Posted by Risky Thicket View Post
    Vance, it is the idea, not where it came from that should be considered. If it is a viable idea it's origin shouldn't matter.

    Though your argument is understandable and at some levels desirable the argument doesn't work when we turn it around. Who have Wall Street and the banks and insurance companies taken from? We bailed them out. We bailed out car manufacturers, we bailed out airlines, we contributed to the bailout of foreign banks and foreign governments. When I saw "we" I mean the people. It was our money that was taken and given to Wall Street. It is our money that is going to subsidize big oil, big pharma, and farming. There is no way around those facts. It is taken from the people and given to Wall Street and corporate America who make huge profits. When they fail our money is taken again to pay off their gambling debts. Have you received any of that money back?

    I am a fortunate man. I have been able to fare the hits pretty well. I'd venture to say most people are not as fortunate these days. They need the money back in their neighborhoods, in their schools, in their local infrastructure, in jobs and finally, in their hands.

    The proposal is actually pretty fair and it returns the people's money back that was given by corpgov to itself. There are no guarantees that Wall Street won't go bug feck again and play loose and free knowing that the people will have to bail them out. Look at JP Morgan recently. Dimon's response? "Oops, sorry." The proposed tax will share the windfall gained with our money. How is that wrong?

    We certainly agree on the fact that government cannot be trusted to return the money from whence it came. Neither ruling party should be trusted. We know that. That's something that must be addressed. In the meantime, it is an excellent idea that Wall Street - figuratively speaking - share their ill-gotten wealth with people who covered their beats. Hopefully it may dampen their greed just a tad. There's nothing wrong with that either.

    I was so much older then, I'm younger than that now. Bob Dylan

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc


    Good arguement against Bain Capital!

    Quote Originally Posted by whysoserious View Post
    I voted for Obama and I think I am going to vote for Obama again - though I'll have to watch the debates.

    I must say, I do agree with some of that, VanceMack. While I do think many of the rich are willing to pay more tax (by that I mean have loopholes closed on them and a more flat rate), I do think you are correct that many of the 99%ers have no idea what they are protesting. Many of them say bust up the banks... why? How does busting up any business help?

    That's not related to this thread and you aren't debating one of those people. Try again.

    I was so much older then, I'm younger than that now. Bob Dylan

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc

    Quote Originally Posted by Middleground View Post
    Vance, do you seriously think most people (investors) knew about deriatives and credit default swaps, and how risky they were? Of course not. After all, when you have Standards and Poors to tell you otherwise, then one feels much more assurance. Some people invest in Wall Street and others run Wall Street. There is a big difference. It was the ones that ran the show that ****ed up everything that we all have been bitching about the last few years.

    (I really strongly recommend you want the Frontline piece. It's excellent journalism.)
    No...I think 'most people' during that time period were interested in shletering as much of their taxes as possible, in overextending themselves on credit cards, and buying homes they couldnt afford based on ARMs so they could find a way to turn a nice little profit for themselves. Heck...I KNOW college students were taking out student loans (and loans not just for their 'education'-you know...that degree in culinary school, massage therapy, a worthless liberal arts degree, etc, but also for 'living/partying' expenses. If you dont think average Joe Schmuk isnt as invested in gaming the systems to make a buck, just on a smaller scale, than those that were doing things within the banking system then I think you are fooling yourself and frankly...I dont think you are fooling yourself.

    You will never find anywhere were I have excused corrupt practices and by all means they should fix corruption. Heck, I'm one of the first and maybe THE first very fiscal conservative type here that will come out loudly and say there has to be an increase in taxes-and have said so for what...2 years now? But not before the other components of a 'fix' are in place and certainly not as a means of putting more revenue in the hands of the government. Demonizing one segment of society as 'the problem' (and especially a segment so enmeshed with politicians on both sides of the aisle) is mere populism. Its telling a bunch of irresponsible people...look at them...its all their fault...get em! It is...in a word...bull****.

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    Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc

    Hey, I got an Idea, let's raise the tax rate on those succesfull entertainers making more than say, $250K a year. Heck while we're at it let's include all making $250 K or above.
    Let us also add a "FEE" of .5% on Wall St. transactions.

    Quote Originally Posted by ttwtt78640 View Post
    WOW. Some lefty loons have invented a new tax. Of course it taxes trading on Wall Street, not the entertainment industry that they, and their co-sponsors, depend on. Why not donate $1 of each movie ticket, concert ticket, CD and DVD sold to reduce the national debt? Add to that $.10 for each DVD rented or song sold on iTunes and we have an entertainment industry "gold mine" to help reduce our national debt. Perhaps if these folks led by example, just once, instead of devising ways for OTHER people to pay the gov't bills for those those that pay no federal income taxes. It is always SO easy to be generous, with someone else's wages, but far more meaningfull to give of your own. ;-)

    I was so much older then, I'm younger than that now. Bob Dylan

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