Sunday, February 20, 2011

Koch Strikebreakers of "Tea Party" can be Defeated by Wall Street Sales Tax plus Expanding Strike Front; Turn any GOP Government Shutdown or Default into a Nationwide General Strike

In dozens of state capitals, reactionary Republican governors, trading on the primitive slogans of the astroturf “Tea Party” movement, and controlled by sinister billionaires like the Koch brothers, are attempting to implement their lunatic agenda of tax cuts and deregulation for the super-rich, while attempting to shift the costs for Wall Street’s world economic depression onto the backs of working people.

Republican Governor Walker is attempting to loot the wages and pensions of state workers, while at the same time stripping them of the right to collective bargaining.  the American people are waging class defense against the merciless class hatred and class warfare coming from the plutocratic 1% who own almost 40% of the total assets of this country in a de facto general strike

The national media, engaged in a cheerleading campaign in favor of CIA destabilizations across the Middle East, are hesitating to condemn the strikers the ability to propose a broader program

Successful movements cannot simply advance the interests of their own limited group. They have to articulate a broader interest of the whole society, in which disparate strata of the population can see their own aspirations being expressed.

“Who will pay for the depression?” Will it be the Wall Street parasites, who caused a crisis and who have insisted in an obscene display of $150 billion of bonuses in 2010, or will it be working people and the middle class?
 
Wisconsin public-sector workers need to come up with some policy answers.

they need to specify where indeed the money should come from. Is there no significant mass of wealth which is currently untaxed, where a modest levy might provide the revenue

There is: it is the financial transactions of banks, hedge funds, and brokerages, in the form of derivatives, foreign exchange, stocks, bonds, and other financial instruments which are universally exempted in this country from the state sales taxes which everyone else pays when they purchase the necessities and amenities of daily life, from consumer electronics to a car or a pair of shoes. A 1% tax on all financial transactions, which is well within the power of the state of Wisconsin to impose, would provide hundreds of millions or billions of dollars of new revenue and remove any pretext for the current assault on state workers. Right now, we repeat, bankers and hedge fund operators pay absolutely no tax on their daily turnover of trading volume, which can easily reach into trillions of dollars, even in a state like Wisconsin. They need to start paying a Wall Street Sales Tax.

Surely, if Governor Walker and so many commentators wants to talk about shared sacrifice, a 1% Wall Street sales tax on this turnover cannot be too much to ask.

If you tell a reactionary that state workers should not have their wages and benefits reduced, the reactionary is likely to ask where the money should come from. The Wall Street Sales Tax is the one answer which puts the reactionary on the defensive, and forces him to defend the most hated group in American society today – the Wall Street bankers who have shown no gratitude for the bipartisan $4 TRILLION bailout they received from the US Treasury and the Federal Reserve.

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