This is a big week for the financial transaction tax, a concept credited to CEPR's Dean Baker in 2008 as a top idea of the year by the New York Times.
On Tuesday, the Robin Hood Tax campaign launched in the U.S. with a video featuring "Avengers" star Mark Ruffalo and musicians Tom Morello (Rage Against the Machine) and Chris Martin (Coldplay) and rallies in communities across the country.
On the other side of the spectrum, 52 financial professionals have broken rank with their industry peers to support small taxes on financial transactions. There will be a briefing call on Thursday, June 21, at 10 am EDT featuring some of them to discuss why they believe the tax will help improve the functioning of markets.
Speakers (see below) will also provide an update on the growing international momentum behind this tax at a critical moment, including an expected June 22nd EU finance ministers vote on the tax.
• Wallace Turbeville, Fellow, Demos, and former Vice President, Goldman Sachs
• Leo Hindery, Jr., Managing Partner, InterMedia Partners, LP, a media industry private equity fund
• Professor Lynn A. Stout, Distinguished Professor of Corporate and Business Law, Clarke Business Law Institute, Cornell Law School
• Sarah Anderson, Global Economy Project Director, Institute for Policy Studies
• U.S. Representative Peter DeFazio (invited)
The call is being organized and will be moderated by Americans for Financial Reform. Co-hosts are: AFL-CIO, Center for Economic and Policy Research, Institute for Policy Studies, and Public Citizen.