

SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.


Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
Nurses, AIDS activists, students, transit workers, and other community activists will call on Congressional offices in 22 cities from Virginia to California April 4 - and a Washington DC press conference - to step up the call for a tax on Wall Street speculation to fund programs to redress economic inequality and address other basic needs.
April 4 marks the 46th anniversary of the assassination of Dr. Martin Luther King Jr. who was slain in the midst of a campaign for economic justice that, in his last year, included an anti-poverty campaign and worker justice.
Activists say a tax on Wall Street speculation, also known as the Robin Hood tax and embodied in HR 1579, the Inclusive Prosperity Act, is a vital step to fund the programs needed to continue the cause that Dr. King fought to achieve.
The actions kick off with a Washington D.C. press conference at 10 a.m. at the House Elm Tree area just across from the U.S. Capitol building.
HR 1579 author Rep. Keith Ellison, a leader of the Congressional Black Caucus, will be joined at the press event by Rev. Rodney Sadler, a leader of the Moral Monday movement that has rocked North Carolina and other Southern cities, and Bill Lucy, president emeritus of the Coalition of Black Trade Unionists who was with Dr. King in Memphis in April, 1968.
Sandy Falwell, RN, a national vice president of National Nurses United, the largest U.S. organization of nurses, and Amanda Lugg, director of advocacy for the African Services Committee in Harlem, NY and a board member of Health GAP (Global Access Project) are among other expected participants.
Beyond Washington, the activists will hold vigils in Dr. King's memory outside Congressional offices, followed by a visit to the legislator asking them to pledge to support HR 1579 to raise the revenue needed to fight economic inequality.
Vigils and Congressional visits are planned in New York City, Chicago, Los Angeles, Detroit, Orlando, Boston, San Diego, San Antonio, Las Vegas, West Palm Beach, Fl., Bangor, Me., Herndon, Va., Pawtucket, R.I., Ann Arbor, Mi., Brownsville and El Paso, Tx., Dayton, Oh., and Concord, Modesto, Oxnard, Rancho Cordova, and San Jose, Ca.
"This is America's opportunity to help bridge the gulf between the haves and the have nots," Dr. King once said. "The question is whether America will do it."
Rev. Sadler: 'Robin Hood Tax, an idea whose time has come.'
"The idea of the Robin Hood Tax is an idea whose time has come," says Rev. Sadler. "For far too long the wealthiest among us have been enjoying the fruits of the labor of the poorest among us without reaching back to offer them a hand up. The Robin Hood Tax is a simple idea that would provide considerable resources to make the lives of so many at the bottom rungs of the economic latter that much better. "
"Dr. King reminded us that every human being is a child of God made in God's image, and therefore deserves to be respected as such," Rev. Sadler noted. "This tax will allow us a nation to offset human suffering without increasing our national debt and provide a modicum of relief for the least, the lost, and the otherwise left-out."
"Nearly half a century later, poverty and inequality remains a persistent blight on our nation," said NNU's Sandy Fallwell. " As nurses we see the pain of patients who are struggling to survive with un-payable medical bills while trying to find the resources their families also need for their daily life. HR 1579 is an essential step to providing the resources our communities need for good jobs, quality health care, and fighting poverty and inequality and fulfilling Dr. King's dream."
"If you ever want to see just how corporate interests are allowed to rise above the interest of the people and of justice, look at the global AIDS pandemic," said Jennifer Flynn, Managing Director, Health GAP (Global Access Project).
"Systemic racism and homophobia enables elected officials to turn a blind eye to the corporate pharmaceutical industry while they price lifesaving medications out of reach for millions around the world just to protect their enormous profits. This Congress can correct course and stand on the right side of history by passing a Robin Hood Tax that will generate enough revenue to actually end the AIDS pandemic," Flynn said.
HR 1579 would set a small fee, similar to the sales tax most Americans pay on consumer goods, of just 50 cents on every $100 of stock trades, and smaller amounts on transactions involving bonds and derivatives with revenues available for jobs, healthcare, education, and the international fight against HIV/AIDS and climate change.
Major sponsors of HR 1579 include NNU, Health GAP, National People's Action, with endorsers from 150 national and local community organizations.
HR 1579 is patterned after a similar tax being implemented by 11 European countries, and already in place in every major financial world market except the U.S. It targets the wealthiest of the wealthy, the bankers and brokers whose gambling broke our economy, and the top 1 percent who own most of the nation's stocks and bonds, says the Robin Hood Tax Campaign.
The U.S. Robin Hood Tax would set a 0.5% tax on the trading of stocks, 50 cents on every $100 of trades, and lesser rates on trading in bonds, derivatives and currencies in the U.S. It marks the return of a tax on financial transactions in place in this country during the years 1914 to 1966. Some form of the financial tax is in place today in more than 40 countries. Who's behind it? We are Nobel Prize-winning economists, former US Vice Presidents and founders of Microsoft. We are Ronald Reagan's Budget Director, the UN's Secretary General and the Archbishop of Capetown. We are union members, nurses, small business owners, community organizers, faith leaders, AIDS activists, environmentalists, movie stars and musicians, and we are part of a global movement of more than 220 million people in 25 countries who are fighting for a Robin Hood Tax - a small tax on Wall Street trades. We are a force to be reckoned with, and we are demanding justice.
"They have spoken openly about controlling Venezuela’s oil reserves, the largest in the world," said US Sen. Bernie Sanders. "It recalls the darkest chapters of US interventions in Latin America."
US President Donald Trump left no doubt on Saturday that a—or perhaps the—primary driver of his decision to illegally attack Venezuela, abduct its president, and pledge to indefinitely run its government was his desire to control and exploit the country's oil reserves, which are believed to be the largest in the world.
Over the course of Trump's lengthy press conference following Saturday's assault, the word "oil" was mentioned dozens of times as the president vowed to unleash powerful fossil fuel giants on the South American nation and begin "taking a tremendous amount of wealth out of the ground"—with a healthy cut of it going to the US "in the form of reimbursement" for the supposed "damages caused us" by Venezuela.
"We're going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, and start making money for the country," Trump said. "We're going to get the oil flowing the way it should be."
Currently, Chevron is the only US-based oil giant operating in Venezuela, whose oil industry and broader economy have been badly hampered by US sanctions. In a statement on Saturday, a Chevron spokesperson said the company is "prepared to work constructively with the US government during this period, leveraging our experience and presence to strengthen US energy security."
Other oil behemoths, some of which helped bankroll Trump's presidential campaign, are likely licking their chops—even if they've been mostly quiet in the wake of the US attack, which was widely condemned as unlawful and potentially catastrophic for the region. Amnesty International said Saturday that "the stated US intention to run Venezuela and control its oil resources" likely "constitutes a violation of international law."
"The most powerful multinational fossil fuel corporations stand to benefit from these aggressions, and US oil and gas companies are poised to exploit the chaos."
Thomas O'Donnell, an energy and geopolitical strategist, told Reuters that "the company that probably will be very interested in going back [to Venezuela] is Conoco," noting that an international arbitration tribunal has ordered Caracas to pay the company around $10 billion for alleged "unlawful expropriation" of oil investments.
The Houston Chronicle reported that "Exxon, America’s largest oil company, which has for years grown its presence in South America, would be among the most likely US oil companies to tap Venezuela’s deep oil reserves. The company, along with fellow Houston giant ConocoPhillips, had a number of failed contract attempts with Venezuela under Maduro and former President Hugo Chavez."
Elizabeth Bast, executive director of the advocacy group Oil Change International, said in a statement Saturday that the Trump administration's escalation in Venezuela "follows a historic playbook: undermine leftist governments, create instability, and clear the path for extractive companies to profit."
"The most powerful multinational fossil fuel corporations stand to benefit from these aggressions, and US oil and gas companies are poised to exploit the chaos and carve up one of the world's most oil-rich territories," said Bast. "The US must stop treating Latin America as a resource colony. The Venezuelan people, not US oil executives, must shape their country’s future."
US Sen. Chris Van Hollen (D-Md.) said that the president's own words make plain that his attack on Venezuela and attempt to impose his will there are "about trying to grab Venezuela's oil for Trump's billionaire buddies."
In a statement, US Sen. Bernie Sanders (I-Vt.) echoed that sentiment, calling Trump's assault on Venezuela "rank imperialism."
"They have spoken openly about controlling Venezuela’s oil reserves, the largest in the world," said Sanders. "It recalls the darkest chapters of US interventions in Latin America, which have left a terrible legacy. It will and should be condemned by the democratic world."
“What is being done to Venezuela is barbaric," said Delcy Rodríguez, who assumed the role of interim president following the US abduction of Nicolás Maduro.
Venezuelan Vice President Delcy Rodríguez, who assumed the role of interim president following the US abduction of Nicolás Maduro, said in a televised address Saturday that "we will never again be a colony of any empire," defying the Trump administration's plan to indefinitely control Venezuela's government and exploit its vast oil reserves.
“We are determined to be free,” declared Rodríguez, who demanded that the US release Maduro from custody and said he is still Venezuela's president.
“What is being done to Venezuela is barbaric," she added.
Rodríguez's defiant remarks came after US President Donald Trump claimed he is "designating various people" to run Venezuela's government, suggested American troops could be deployed, and threatened a "second wave" of attacks on the country if its political officials don't bow to the Trump administration's demands.
Trump also threatened "all political and military figures in Venezuela," warning that "what happened to Maduro can happen to them." Maduro is currently detained in Brooklyn and facing fresh US charges.
Rodríguez's public remarks contradicted the US president's claim that she privately pledged compliance with the Trump administration's attempts to control Venezuela's political system and oil infrastructure. The interim president delivered her remarks alongside top Venezuelan officials, including legislative and judicial leaders, Interior Minister Diosdado Cabello, and Defense Minister Vladimir Padrino, a projection of unity in the face of US aggression.
"Doesn’t feel like a nation that is ready to let Donald Trump and Marco Rubio 'run it,'" said US Sen. Chris Murphy (D-Conn.), who condemned the Trump administration for "starting an illegal war with Venezuela that Americans didn’t ask for and has nothing to do with our security."
"The 'Trump corollary' to the Monroe Doctrine—applied in recent hours with violent force over the skies of Caracas—is the single greatest threat to peace and prosperity that the Americas confront today," said Progressive International.
US President Donald Trump and top administration officials, including Secretary of State Marco Rubio, characterized Saturday's assault on Venezuela and abduction of the country's president as a warning shot in the direction of Cuba, Mexico, Colombia, and other Latin American nations.
During a Saturday press conference, Trump openly invoked the Monroe Doctrine—an assertion of US dominance of the Western Hemisphere—and said his campaign of aggression against Venezuela represented the "Donroe Doctrine" in action.
In his unwieldy remarks, Trump called out Colombian President Gustavo Petro by name, accusing him without evidence of "making cocaine and sending it to the United States."
"So he does have to watch his ass," the US president said of Petro, who condemned the Trump administration's Saturday attack on Venezuela as "aggression against the sovereignty of Venezuela and Latin America."
Petro responded defiantly to the possibility of the US targeting him, writing on social media that he is "not worried at all."
In a Fox News appearance earlier Saturday, Trump also took aim at the United States' southern neighbor, declaring ominously that "something's going to have to be done with Mexico," which also denounced the attack on Venezuela and abduction of President Nicolás Maduro.
"She is very frightened of the cartels," Trump said of Mexican President Claudia Sheinbaum. "So we have to do something."
"This armed attack on Venezuela is not an isolated event. It is the next step in the United States' campaign of regime change that stretches from Caracas to Havana."
Rubio, for his part, focused on Cuba—a country whose government he has long sought to topple.
"If I lived in Havana and I was in the government, I'd be concerned, at least a little bit," Rubio, who was born in Miami to Cuban immigrant parents, said during Saturday's press conference.
That the Trump administration wasted no time threatening other nations as it pledged to control Venezuela indefinitely sparked grave warnings, with the leadership of Progressive International cautioning that "this armed attack on Venezuela is not an isolated event."
"It is the next step in the United States' campaign of regime change that stretches from Caracas to Havana—and an attack on the very principle of sovereign equality and the prospects for the Zone of Peace once established by the Community of Latin American and Caribbean States," the coalition said in a statement. "This renewed declaration of impunity from Washington is a threat to all nations around the world."
"Trump has clearly articulated the imperial logic of this intervention—to seize control over Venezuela's natural resources and reassert US domination over the hemisphere," said Progressive International. "The 'Trump corollary' to the Monroe Doctrine—applied in recent hours with violent force over the skies of Caracas—is the single greatest threat to peace and prosperity that the Americas confront today."