To: Rep. Mike Thompson (CA-5)
Napa: We Need Congressman Mike Thompson to endorse the Robin Hood Tax on Wall Street HR1579
We are asking our Congressman Mike Thompson to co-sponsor and endorse The Robin Hood Tax on Wall Street, a tiny Sales Tax on Stock, Bond, Commodities, Debentures, Derivatives, & Note Sales.
HOW MUCH IS THE TINY ROBIN HOOD SALES TAX?
• .5% on stocks, just $.50 (50 cents) for each $100 of stock trades
• .1% on bonds, just $.10 (ten cents) for each $100 of bond trades
• .005% on derivative speculation in currencies, commodities, or other trades, just $.005 (half a penny) for each $100 of trades.
WHY DOES NAPA NEED THIS TAX? SOME OF THE ROBIN HOOD TAX BENEFITS FOR NAPA ARE:
The revenue generated is estimated by economists to be $350 billion each year! This tax can have six critically important benefits:
1) By reducing some of the taxation unfairness that has created cuts in promised and paid for services such as Social Security, Unemployment and Medicare.
2) The Robin Hood tax can stop program cuts to and improve foreclosure relief, job creation, & foster reducing the burden of medical and student debt.
3) The Robin Hood tax will reduce the power of Wall Street over Main Street, help stabilize the stock market, slowdown speculative trading that increases food and gas prices, and create incentives for productive investment in the real economy.
4) It will produce jobs. Economists state that when invested in big job producing sectors such as education, healthcare, and infrastructure, the Robin Hood tax would create millions of jobs that pay a living wage.
5) It is fair because it closes a huge sales tax loophole for the Rich. In addition, it taxes International Financiers that currently pay no sales tax.
6) It helps preserve programs that protect working people and the poor – such as Medicare and Social Security, jobs for teachers and firefighters.
LINKS
Please Endorse and Volunteer at: http://goo.gl/QLMM5Y
Main Robin Hood Tax on Wall Street Facebook Page: http://goo.gl/kQ2Ly2
For more info see the Robin Hood Tax on Wall Street Web Page: http://goo.gl/YPtsPB
Please subscribe to the YouTube media page at: http://goo.gl/KYwrcP
Please follow our twitter page: @RobinHoodTax
HOW MUCH IS THE TINY ROBIN HOOD SALES TAX?
• .5% on stocks, just $.50 (50 cents) for each $100 of stock trades
• .1% on bonds, just $.10 (ten cents) for each $100 of bond trades
• .005% on derivative speculation in currencies, commodities, or other trades, just $.005 (half a penny) for each $100 of trades.
WHY DOES NAPA NEED THIS TAX? SOME OF THE ROBIN HOOD TAX BENEFITS FOR NAPA ARE:
The revenue generated is estimated by economists to be $350 billion each year! This tax can have six critically important benefits:
1) By reducing some of the taxation unfairness that has created cuts in promised and paid for services such as Social Security, Unemployment and Medicare.
2) The Robin Hood tax can stop program cuts to and improve foreclosure relief, job creation, & foster reducing the burden of medical and student debt.
3) The Robin Hood tax will reduce the power of Wall Street over Main Street, help stabilize the stock market, slowdown speculative trading that increases food and gas prices, and create incentives for productive investment in the real economy.
4) It will produce jobs. Economists state that when invested in big job producing sectors such as education, healthcare, and infrastructure, the Robin Hood tax would create millions of jobs that pay a living wage.
5) It is fair because it closes a huge sales tax loophole for the Rich. In addition, it taxes International Financiers that currently pay no sales tax.
6) It helps preserve programs that protect working people and the poor – such as Medicare and Social Security, jobs for teachers and firefighters.
LINKS
Please Endorse and Volunteer at: http://goo.gl/QLMM5Y
Main Robin Hood Tax on Wall Street Facebook Page: http://goo.gl/kQ2Ly2
For more info see the Robin Hood Tax on Wall Street Web Page: http://goo.gl/YPtsPB
Please subscribe to the YouTube media page at: http://goo.gl/KYwrcP
Please follow our twitter page: @RobinHoodTax
Why is this important?
Break the Wall Street control of our government.
We need a Robin Hood Tax on Wall Street … and a movement that forces the legislators to care about our communities…
Economic Justice for every American. $350 Billion annually that can be spent on Human needs - not Billionaire or Corporation needs. It is the game changer for a better funded, fairer, more democratic, humane, balanced, and moral American Tax System.
It begins in our town, with you …
We need a Robin Hood Tax on Wall Street … and a movement that forces the legislators to care about our communities…
Economic Justice for every American. $350 Billion annually that can be spent on Human needs - not Billionaire or Corporation needs. It is the game changer for a better funded, fairer, more democratic, humane, balanced, and moral American Tax System.
It begins in our town, with you …