This is a cross-post from the Metropolitan Washington (D.C.) Council, AFL-CIO .
Spurred on by rousing speeches and favorable opinion polls, National Nurses United delegates led hundreds of activists into D.C. this week to lobby for a tax on financial transactions. The “Robin Hood Tax” would impose a tiny tax on each financial transaction—the buying and selling of stocks, bonds, derivatives and other financial instruments—and raise some $350 billion yearly that could be redirected to human needs.
“The Robin Hood Tax is badly needed to secure new revenues to meet the vast unmet human needs of people struggling in this country and around the world,” said NNU Political Director Ken Zinn. “Health care, housing, food stamps, Social Security, mass transit, infrastructure development, new construction and manufacturing jobs and much more could get funded by a very small tax on Wall Street. We are excited to see that this movement is gaining ground, not only in the U.S., but around the world.”
The nurses and their allies marched down Constitution Avenue on Wednesday following a daylong planning conference, then hit Capitol Hill to campaign for the tax, which has been endorsed by the Metropolitan Washington (D.C.) Council, as well as the Amalgamated Transit Union, the Coalition of Labor Union Women, the Communications Workers of America, Postal Workers, Machinists, UAW, the Chicago Federation of Labor and more.