Who Will Pay, Wall Street or Main Street - the Tobin Tax or the VAT?

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Friday 02 July 2010

Who Will Pay, Wall Street or Main Street - the Tobin Tax or the VAT?

by: Ellen Brown, t r u t h o u t Op-Ed




Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Instead, they are engaged in a class war, insisting that the squeezed middle class be even further squeezed to balance over-stressed government budgets. All the perks are going to Wall Street, while Main Street slips into debt slavery. Wall Street needs to be made to pay its fair share, but how?