Sarah Anderson's blog

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Happy Birthday, Dear Income Tax

Here are five lessons for progressives from our first century of income taxes.

In February 1913, exactly a century ago, the Sixteenth Amendment gave Congress a constitutional green light to levy a federal tax on income. Later that same year, lawmakers made good on that opportunity. An income tax has been part of the federal tax code ever since.

Remind Me, Why Is Angelo Mozilo a Free Man?

The former Countrywide Financial chief is back in the news. You remember, the subprime king with the perma-tan?

When I saw his name in the headlines again I hoped to finally find news of a criminal indictment. Steal a Snickers bar from the 7-11 and you could face jail time.

European Tax on Financial Transactions Gains Support

Germany and France's push for a tax on each stock, bond and derivative trade garners support among financial professionals.

The leaders of France and Germany may have their differences on the big question of the day -- stimulus versus austerity. But they do agree on one thing -- taxing financial transactions.


Letter From Financial Industry Professionals in Support of Financial Transaction Taxes

As individuals with first-hand knowledge and significant experience in the financial industry, we urge you to introduce small financial transaction taxes (FTTs).

Dear G20 and European leaders,

Mining Firm Doubles Up On Law Firms in Quest for Pot of Gold

When suing the government of El Salvador, one legal powerhouse just isn't enough. With a major pot of gold at stake, Pacific Rim doubles up its legal attack.

A Canadian mining company has cleared a major legal hurdle in their quest to exploit gold in El Salvador.

IPS Director Speaks Out at Pacific Rim's Vancouver HQ

With about 200 activists from several countries, John Cavanagh denounced the firm for suing the government of El Salvador in retaliation for the denial of a mining permit.

Institute for Policy Studies Director John Cavanagh spoke at a rally yesterday outside the Vancouver headquarters of the mining company Pacific Rim. Along with about 200 activists from several countries, Cavanagh denounced the firm for suing the government of El Salvador in retaliation for the denial of a mining permit.

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Real Democracy

Top Democrats Push Obama on Capital Controls

Representatives Barney Frank and Sander Levin say that cannot support U.S.

Nurses Push Tax on Trades to Help Sick

Of all the street actions leading up to the NATO summit, the one that might seem most perplexing is a nurses’ rally for a tax on securities trades.

Wall Street's Speed Freaks

The high-frequency trading that dominates the stock market could trigger another global financial crisis.

The power suits making billions off the stock market are always trying to assure us that their trading serves a socially redeeming purpose. They steer money to companies and industries that make our economy more productive, they claim.

Six Rigged Rules Corporations Use to Dodge Taxes

Examples of how large corporations have rigged the tax rules to ensure that those who have the most get to amass even more, at the expense of everyone else.

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