Today, activists across the United States held rallies in support of the Robin Hood Tax on Wall Street, the funds of which would be used to narrow the economic inequality gap. Maine’s event was held at Rep Chellie Pingree’s Waterville office at 1 Silver St.
The Robin Hood Tax is included in a piece of legislation called the Inclusive Prosperity Act, which could raise more than $300 billion annually by attaching a 5-cent surcharge to every $10 in the trades of stocks, bonds and derivatives. No more than that nickel per every $10.
The funds could go to universal healthcare, eradicating AIDS, student debt relief, funding jobs at living wages, infrastructure repair and fighting climate change.