You want to know the way to raise money? Put a transaction fee on Wall Street, so maybe we can curb some of the speculation and raise some money.
Sentiment: NEGATIVE
Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.
I know about raising money.
I don't know if people understand that there are different ways to raise money for great causes.
What you really want to do is sit down and find a place that you can control government spending and raise more revenue.
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.
It appears that Wall Street is not acting as a force for economic expansion, providing access to capital for companies that make things. Rather, it seems, Wall Street is using government bailouts to lever up.
We also need a fund that can say 'no'.
We ought to be able to forgo the constant need to raise money and just focus on working together to solve the problems this country faces.
Our greatest lack is not money for any undertaking, but rather ideas, If the ideas are good, cash will somehow flow to where it is needed.
Let some people get rich first.