We need a Financial Transaction Tax

RootsAction is reporting:

News from France: Conservative President Nicolas Sarkozy announced this weekend that he would take the lead in introducing a Financial Transaction Tax in his country.

Referring to the tax as a “moral issue” and blaming deregulation and speculation for the global economic crisis, Sarkozy has said financial traders must “repay for the damage they have caused.”

See also
Financial Transaction Tax Sparks Hopes That Obama Will Play Robin Hood In 2012 and
“France Prepared to Go It Alone on Robin Hood Tax”.

The 1% has been waging class warfare — and winning — for several decades. It’s time to restore some balance.