The Robin Hood Tax will generate hundreds of billions of dollars, which could provide funding for jobs to kickstart the economy and get America back on its feet. It could help save the social safety net, and it will come from fairer taxation of the financial sector.
This small tax of less than ½ of 1% on Wall Street transactions can generate hundreds of billions of dollars each year in the US.
It won't affect ordinary Americans, their personal savings, or every day consumer activity. It's easy to enforce and tough to evade.
This is a tax on Wall Street, which created the greatest economic crisis in our nation.