Billions of US tax dollars are wasted via lax and corrupt government functions. No one ever wants to get that money, they only want more tax money.
11/1/11, "Lawmakers to Propose Transaction Tax for Financial Firms Modeled on Europe," Bloomberg
"Two U.S. lawmakers will introduce measures to impose a transaction tax on financial firms that resembles a proposal released by the European Union....
The lawmakers have the backing of union groups and associations that fought for tighter regulations in the wake of the 2008 financial crisis. The AFL-CIO and National Nurses United, a professional association and union for nurses, have scheduled a rally in front of the Treasury Department on Nov. 3 in support of the fee.
Americans for Financial Reform, an umbrella group of unions, civil rights lawyers and consumer advocates, is circulating petitions in support of the measure."...
9/28/11, "Osborne expected to oppose EU's proposal for Tobin tax on banks," UK Guardian, Treanor
"Chancellor's office indicates that he will not support European commission's proposals for EU-wide financial transaction tax"
"The proposed EU tax on financial transactions, which could raise €57bn a year and force banks to make a "contribution back to society", is expected to face fierce opposition from George Osborne.
Within minutes of José Manuel Barroso, the president of the European commission, setting out plans for a transaction tax – often known as a Tobin tax or Robin Hood tax – the chancellor's office made it clear that
- the City would not tolerate an EU-wide tax on transactions."...