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For 30 years, corporate CEOs and Wall Street speculators have put the squeeze on workers with globalization, privatization and union-busting.
They used their rising profits to buy Congress, convincing them to hand out tax breaks to the rich and gut banking regulations and consumer protections. Then they invented unscrupulous mortgage and investing practices, turning our financial system into a casino. When their speculation didn't pay off, they got Congress to bail them out to the tune of $15,000 for every household in America. • They used their rising profits to lobby Congress for tax breaks for the rich, banking deregulation, and cuts to consumer protections. • Then they invented unscrupulous mortgage and investing practices, turning our financial system into a casino. • Even after the bailout they failed to extend credit to businesses, failed to renegotiate mortgages, continued to pay lavish salaries and bonuses, and spent millions lobbying against financial reform, fair taxes and a recovery for the rest of us. A tax on the speculators of the Wall Street casino could put 3 million people to work fixing our infrastructure, teaching our children, making our factories more sustainable and improving our public services. TAX DAY: APRIL 15, 2010 Take action at a local branch of a national bank. Organize people to deliver a letter asking the bank (Bank of America, Citibank, Chase, Wells Fargo/Wachovia, Goldman Sachs) to play a constructive role in rebuilding an economy that works for everyone. Request a meeting to discuss your demands. While you’re there, close your account. |