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New Teach Banks a Lesson Flyer

New Teach Banks a Lesson Flyer

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Published by Ross Grimshaw

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Published by: Ross Grimshaw on Oct 25, 2011
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04/06/2014

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Global day of action with occupy movements around the world

calling for a “Robin Hood Tax” of a 1% on financial transactions &currency trades

Global day of action with occupy movements around the world
calling for a “Robin Hood Tax” of a 1% on financial transactions &currency trades

Occupy Seattle “Robin Hood Tax” day of action

Occupy Seattle “Robin Hood Tax” day of action

Saturday October 29th 12 PM
Meet at Westlake Plaza for and we’ll go to Chase together
"There is a lot of money washing around the world, and obviously we are the beneficiary of that," --CHASE CEO Jamie Dimon this April

Saturday October 29th 12 PM
Meet at Westlake Plaza for and we’ll go to Chase together
"There is a lot of money washing around the world, and obviously we are the beneficiary of that," --CHASE CEO Jamie Dimon this April

CHASE has profited through the recession that it had a big part in causing and was able to compensate Mr. Dimon, to the tune of $20.8 million dollars last year. CHASE pays no state taxes on its in-state mortgage interest income. This loophole was created for Washington State based WAMU, but since the “housing bubble” lending binge that crashed our economy and bankrupted WAMU, it now benefits Chase and other banks. Their fair share would add nearly $100 million per year to our State’s sorely strapped budget. CHASE acquired billions of dollars during the bailout at a near-zero % interest rate, money that they are now loaning back to the U.S. Treasury at a rate 12 times higher. They are taking more money from taxpayers, rather than investing to create jobs. Teachers in Seattle are facing layoffs as the legislature struggles to cover its $5 billion + budget shortfall. In addition, a pay freeze for teachers is being considered. This is not a spending crisis. It’s a revenue crisis that is caused when entities like CHASE pay little to no taxes on their vast fortunes. The money to pay for social services is there. Teachers and other public employees are not the cause of the crisis, and should not pay for it!

CHASE has profited through the recession that it had a big part in causing and was able to compensate Mr. Dimon, to the tune of $20.8 million dollars last year. CHASE pays no state taxes on its in-state mortgage interest income. This loophole was created for Washington State based WAMU, but since the “housing bubble” lending binge that crashed our economy and bankrupted WAMU, it now benefits Chase and other banks. Their fair share would add nearly $100 million per year to our State’s sorely strapped budget. CHASE acquired billions of dollars during the bailout at a near-zero % interest rate, money that they are now loaning back to the U.S. Treasury at a rate 12 times higher. They are taking more money from taxpayers, rather than investing to create jobs. Teachers in Seattle are facing layoffs as the legislature struggles to cover its $5 billion + budget shortfall. In addition, a pay freeze for teachers is being considered. This is not a spending crisis. It’s a revenue crisis that is caused when entities like CHASE pay little to no taxes on their vast fortunes. The money to pay for social services is there. Teachers and other public employees are not the cause of the crisis, and should not pay for it!

Sponsored by Occupy Seattle and Social Equality Educators

Sponsored by Occupy Seattle and Social Equality Educators

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