No issue reveals more clearly the flaws of the U.S. political-economic system than global warming. Greed and corporate power dominate the public good, and impose nearsighted focus on short term profits instead of serving our long-term needs and the welfare of future generations.
With Congress about to begin the next cycle of budget battles – mostly focused on how much more pain to inflict on Main Street communities across America – a far different message is bubbling up across the land.
Simply put, the big idea behind the Robin Hood Tax is to generate hundreds of billions of dollars. That money could provide funding for jobs to kickstart the economy and get America back on its feet. It could help save the social safety net here and around the world. And it will come from fairer taxation of the financial sector.