When the president addresses the economy in the State of the Union, he needs to offer more than optimism, and I think he will. The conservative House majority is going to reject anything he offers sight unseen – that’s no secret – but that’s no reason for the president not to make a strong case to the country that he understands the problem and has a solution mapped out.
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.