Wall Street Speculators Tax Petition
Reckless gambling on Wall Street created the economic mess that we currently find ourselves in. Unemployment remains unacceptably high and the federal government is operating with unsustainable deficits. It's time that Wall Street paid its fair share toward getting the economy back on track, putting our fiscal house back in order, and creating jobs for middle class Americans.
This bill would impose a .03% tax on trades and speculation targeting billionaire Wall Street speculators who use supercomputers to flip a stock a thousand times a minute. That's $.03 for every $100 traded. It may not seem like much, but non-partisan analysis estimates this Robin Hood tax will raise an estimated $352 billion in needed revenue and help eliminate the riskiest, most speculative trades that pad the pockets of speculators but add nothing to the real economy but volatility.
Wall Street is mobilizing to defeat this effort. That's why your support is so important. Sign our petition to support this Robin Hood Tax on Wall Street speculators and ask your family and friends to sign it as well. Together, we can eliminate these risky trades and put Americans back to work.
Our economy was destroyed by gambling on Wall Street. Main Street bailed out Wall Street and it's time for Wall Street to repay its debt to the rest of America.