AFL-CIO||American Federation of Labor, Congress of Industrial Orgs

Forget the BMW. We Want a Tiny Fraction of a Cent

 

Wall Street and Big Banks around the world are fighting efforts to impose a Robin Hood tax on their financial speculations. CEOs are portraying the tax—which would be around 0.5 percent on financial transactions—as if they would be robbed blind. This new video, starring no less than actor Ben Kingsley, puts the issue in perspective—and rips the mask off the boogeyman Big Banks have created.

(Congress last month introduced the Wall Street Trading and Speculators Tax that would assess a financial speculation tax of .03 percent. The European Commission is proposing .10 percent on trading in stocks and bonds.)

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About the AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a voluntary federation of 56 national and international labor unions. The AFL-CIO was created in 1955 by the merger of the AFL and the CIO.

The AFL-CIO union movement represents 11.5 million members, including 3 million members in Working America, its community affiliate. We are teachers and miners, firefighters and farm workers, bakers and engineers, pilots and public employees, doctors and nurses, painters and plumbers—and more.

In 2009, delegates to the 26th AFL-CIO Constitutional Convention elected Richard Trumka as president and Liz Shuler as secretary-treasurer. Arlene Holt Baker was re-elected as executive vice president.