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| Campaigns | Tug of War between the bankers and everyone else over giant half penny |
| The US Global AIDS Plan | PRESS ADVISORY APRIL 20, 2010 Media Advisory for Photo & Video Opportunity: Friday, April 23, 2008 NOON BANKERS SEEK G20 FINANCE MINISTERS HELP IN STEALING SPARE CHANGE FROM POOR PEOPLE Tug of war between bankers and everyone else over giant half a cent outside G20 finance ministers meeting
WHO: Activists dressed as well to do bankers, dressed in suits and on stilts, towering over people who have been impacted by the financial crisis.
WHAT: Tug-of-war over a half a cent financial transaction tax. A tiny tax, which is practically nothing to the bankers that created the financial crisis, could raise the necessary funds to help contribute to economic stimulus and job creation, and pay for global public goods such as health, education, and help mitigating the impacts of climate change. Which way will the tug of war go? Will the money go to people and the planet, or will it continue to line the pockets of bankers and speculators?
WHEN: April 23, 2010 at 12:00Noon
WHERE: Murrow Park across from the International Monetary Fund (19th & H) where the G20 finance ministers will be meeting.
WHY: In the U.S. alone, $20 billion in bonuses were given out to the biggest banks while there was “no money” to finance the fights against unemployment, climate change, and global AIDS. But one simple idea could change that: Inside the meeting, the G20 finance ministers will be debating the implementation of a Financial Speculation Tax (FST or FTT). The FST is a tiny tax, ranging from 0.5-0.005% of certain financial transactions, which would raise $400 billion. That money could go to job creation at home, and climate change and global health around the world. Prime Minister Blair, President Sarkozy, Chancellor Merkel, and other world leaders have all spoken out in favor—but the big banks are trying to divert this into something that won’t actually raise any money or change their ways. Sponsored by ACT UP Philadelphia, Africa Action, Friends of the Earth, Health GAP, Oxfam International, Philly Global AIDS Watchdogs. ###
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