September 26, 2013
Of course, the requirement that forces food stamp recipients to spend 20 hours a week in a job or job training is ludicrous even on its face since many food stamp recipients are on the program due to lack of a job to begin with. Even so, what are “job trainees” supposed to do when they can no longer be trained for jobs that no longer exist?
Thus, the revenue that would be generated from a 1% Wall Street Sales Tax could be expected to reach a figure of approximately tens of trillions of dollars.
Yet, while Congress continually debates over whether or not to cut food aid to millions of poor Americans who depend on this assistance for survival, Wall Street banks are entirely ignored. Raising taxes on average working Americans is always considered to be an option in Washington. Cutting “government spending” and vital social safety net programs are always on the Congressional list of solutions whenever budget deficits and debt are brought up. However, the real culprit behind America’s economic woes, the beneficiaries of true government welfare (i.e. the bailout of 2008), are left untouched.
Most of the current American financial quagmire can be traced back to the antics and schemes of Wall Street at some point or other. The lack of adequate funding for the U.S. government can be directly related to the fact that the burden of funding falls on the backs of the poor, working, and middle class while Wall Street pays nothing. This free ride afforded to Wall Street must end.
The 1% Wall Street Sales Tax is the sole method that can attract revenue in the range of tens of trillions of dollars capable of fully funding the social safety net and the U.S. government as well as effectively eliminating the budget deficit at the Federal and State levels. All of this while discouraging dangerous forms of speculation and derivatives trading. Contrary to many other proposals being floated in the public arena by often questionable sources, the 1% Wall Street Sales Tax is entirely Constitutional.
Brandon Turbeville is an author out of Florence, South Carolina. He has a Bachelor's Degree from Francis Marion University and is the author of six books, Codex Alimentarius -- The End of Health Freedom, 7 Real Conspiracies, Five Sense Solutions and Dispatches From a Dissident, volume 1 and volume 2, and The Road to Damascus: The Anglo-American Assault on Syria. Turbeville has published over 275 articles dealing on a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville's podcast Truth on The Tracks can be found every Monday night 9 pm EST at UCYTV. He is available for radio and TV interviews. Please contact activistpost (at) gmail.com.