November 2, 2015

 

Chicago (WLS) --

 
Activists with Moral Mondays (click here) Illinois protested at the Chicago Board of Trade to demand a tax on financial trading in Chicago. According to Chicago police, 41 protesters were arrested and one has been cited.

The protest comes less than a week after the City Council approved Mayor Rahm Emanuel's budget, which includes a $588 million property tax increase.

"You and I will soon pay 10.25 percent sales tax at the store," said Toby Chow of Fair Economy Illinois. "Right now, big banks and corporations buying stocks and futures in Chicago don't pay a cent. A tiny sales tax amounting to less than .002 percent of the average contract value would scarcely be noticed by the big corporations, but it would generate billions of dollars for vital resources that we need in our communities."...