Sanders Introduces "Pensions for All Act" to Ensure Workers Can Retire

[Uncle Joe]

6. Bernie does

Sen. Sanders pushes for worldwide wealth tax

The Tax on Wall Street Speculation Act of 2021

The Tax on Wall Street Speculation Act would impose a tax of a fraction of a percent on trades
of stocks, bonds, and derivatives. This Wall Street speculation tax, also known as a financial
transaction tax, will raise up to $2.4 trillion in revenue over the next decade from wealthy
investors that can be used to make public colleges and universities tuition free and debt free. It
will also reduce speculation and high-frequency trading that is destabilizing financial markets.
During the financial crisis, Wall Street received the largest taxpayer bailout in the history of the
world. Over the past year, Wall Street has seen its wealth skyrocket during the pandemic,
even as millions of Americans lost their jobs and struggle to put food on the table. Now it is Wall
Street’s turn to rebuild the disappearing middle class and support the economic recovery.
This bill targets Wall Street investment houses, hedge funds, and other speculators. For the rare
household of modest means that trades directly or through a broker, this legislation would
provide an income tax credit to fully offset the speculation fee.

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https://www.sanders.senate.gov/wp-content/uploads/The-Tax-on-Wall-Street-Speculation-2021-Summary-v12.pdf