Europe Passes Tax on Speculators, U.S. Should Do the Same
| Economy
Heather Slavkin, a senior legal and policy adviser for the AFL-CIO Office of Investment, reports on a victory for the global union movement.
Earlier this week, the European Parliament voted by an overwhelming majority in favor of a financial speculation tax—a tiny tax on financial speculation that can raise hundreds of billions of dollars for much-needed public services. This is a huge victory for the global labor movement, which has been at the head of a major worldwide campaign to push for the tax.


