Support the Robin Hood Tax

Everyday Americans have shouldered the burden of the economic collapse brought on by Wall Street’s wild speculation and greed. It's time for Wall Street to settle its debt to Main Street. A Financial Speculation Tax (FST) would levy a small tax (0.5%) on each speculative transaction; average investor and pension funds are exempted. Tell your senators and representative to support a financial transaction tax, instead of cutting Social Security, Medicare, Medicaid and other programs that help the 99%. Please use your own words, adapted from the talking points below. Share this link with your friends to help mobilize the grassroots.

Four years after the economic crash, Wall Street is setting new records, while nearly all Americans are still losing ground:

  • People are still losing their homes to foreclosure. More than 2 million homes were in foreclosure in 2009 and 2010, at a cost of $6.3 trillion dollars in declining home values. At least that many more foreclosures are expected in 2011.

  • Businesses and individual bankruptcies are way up. In 2007, 850,912 bankruptcies occurred. In 2010, that figure almost doubled to 1,1593,081. (In 2005, a new law passed making it more difficult to file for bankruptcy.) 

  • The real unemployment rate is 23%, which disproportionally effects minority and young workers. 

  • According to the Census Bureau, poverty is on the rise, again. 46.2 million Americans live in poverty. See the report here, page 14.

  • The cost of a college education surged in the last three years, after steadily rising for the past 20 years. Federal aid for college educations has failed to keep up and is targeted for budget cuts.

Progressive Democrats of America

Progressive Democrats of America was founded in 2004 to transform the Democratic Party and our country. We seek to build a party and government controlled by citizens, not corporate elites-with policies that serve the broad public interest, not just private interests. As a grassroots PAC operating inside the Democratic Party, and outside in movements for peace and justice, PDA played a key role in the stunning electoral victories of November 2006 and 2008. Our inside/outside strategy is guided by the belief that a lasting majority will require a revitalized Democratic Party built on firm progressive principles.

For over two decades, the party declined as its leadership listened more to the voices of corporations than those of Americans. PDA strives to rebuild the Democratic Party from the bottom up-from every congressional district to statewide party structures to the corridors of power in Washington, where we work arm in arm with the Congressional Progressive Caucus. In just a couple of years PDA and its allies have shaken up the political status-quo on issues from ending the Iraq war, voter rights, protecting Social Security, a full employment economy, national healthcare and economic justice.

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