So what? Compare that to the $700 billion in the Troubled Asset Relief Program (TARP) approved by Congress to bail out “Too-Big-Too-Fail” (TBTF) financial institutions. If there had been a reserve built from an FTT, the financial institutions could have bailed themselves out without tapping into taxpayers’ funds.
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The Occupy / We Are the 99% movements have awakened many people to unsustainable economic inequities. There has always been a gap between the have’s and the have not’s. It’s the widening of that wealth chasm during a recession and the co-opting of the political process by corporations that has aroused recent global protests.
Protestors are accused of being heavy on criticism and light on solutions. However, when they put forward well-thought-out proposals, they are ridiculed for being naïve and out of touch with “reality.” That is, they don’t have any good ideas. Oh, really? These three videos cleverly capture concrete proposals that would help address the underlying causes of unjust and dangerous wealth inequities.
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