The U.S. needs a financial transaction tax

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Instead of trying to find ways of hurting the middle class, veterans and the poor, why don’t the Tea Party Republicans look at and agree to instituting a financial transaction tax (FTT)? It wouldn’t break the Wall Street crowd and would bring about $300 billion to $350 billion into the Treasury.

The FTT is for real and it has broad support, but naturally there are the naysayers like the Koch brothers who want to rule the USA. Hopefully in 2014 we will get some new blood in Congress who will put the people before re-election money.

With this Tea Party bunch we have right now, our public education system is one of the worst among wealthy nations and, instead of trying to dismantle the Affordable Care Act, they should be looking at improving it so it would be like Medicare for all. We will continue to have a bleak future of low-wage, part-time, temporary, no-security jobs if we don’t get these people out of office. We need to invest in full employment, world-class skills and technology instead of cutting funds for job creation.

When we open the paper and read about all of the robberies and thefts taking place in our towns and cities, they don’t even come close to what Wall Street and bankers have stolen. They’ve stolen the bulk of our country’s investment money, stolen billions of dollars from consumers and small borrowers through fraud and these are the crooks whom the Tea Party Republicans want to give more tax cuts to.

If you think that this is OK, then you are obviously one of the elite. If you’re angry about this, then you should know how to vote in 2014 and 2016.

HARRY G. McKELVEY
Hermitage


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