Around the world, momentum is building behind a tiny tax on bankers that could generate billions of dollars to help with problems at home and overseas.
It has been given different names in different countries – the ‘Robin Hood’ tax in the United Kingdom and ‘ steuergegenarmut’ or ‘tax against poverty’ in Germany, but we are all talking about the same thing. A tiny tax on the transactions of big banks that could deliver billions of dollars to help ordinary people and fight poverty around the world.
It is estimated a levy of only around 0.05% on financial transactions could generate between $200-$700 billion worldwide. Campaigners in the UK, France, Germany and elsewhere propose the revenue be spent on:
- domestic public services supporting ordinary people who have been badly affected by the recent crisis,
- world poverty reduction
- helping poor countries to adapt to climate change.
Put another way, this tax could help solve most of the world’s major problems, without costing ordinary citizens a penny.
The Robin Hood site features videos, blogs, facts and even a live voting calculator to see the results of these actions (current tally: YES: 83974 votes NO: 7934 votes)
Ways to Take Action and Spread the Word:
Check out an event coming up in downtown Toronto!
Join the Robin Hood facebook group to get instant details about the votes and the progress of the tax.
Oxfam's spreading the word too! Check out their page on the Robin Hood tax!
And check out the events page to find out ways you can take action and join their band of merry (wo)men. http://robinhoodtax.org.uk/category/action/1-current-actions/?catno=27
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