Forum Post: any thoughts on the "Robin Hood Tax" (i.e., in conjunction with occupy?)
Posted 12 years ago on Oct. 26, 2011, 4:58 p.m. EST by Harlequin
(4)
from Wakefield, England
This content is user submitted and not an official statement
for those who don't already know what this is: http://robinhoodtax.org/
check it out. I support these people and I support what they're trying to do here in the UK. I really think both movements could benefit from each other.
the specifics need to be worked out, sure, but as a premise it's still a reasonable idea imo. something more definitive (like that put out by the vatican) might be a little better strung together.
1% on every transaction - rebuild infrastructure
It's not half enough. It would only slow down the financial predators slightly.
We need to shut them down -- except as a service sector for the real economy. No more naked short-selling. No more speculation by those who could never take delivery (on things like oil and food). No more gambling in derivatives. No more vampires squids sucking the economic blood out of whole countries.
To restart economies, the commercial banks have to be split off from the investment banks. Reinstating Glass-Steagall should be the number one focus.
Adbuster Campaign for Oct. 29 Global March for Robin Hood Tax on Financial Transactions (User Submitted)
Posted Oct. 24, 2011, 1:32 p.m. EST (12 hours ago) by VoterMarch (New York, NY)
Adbusters has initiated a new campaign for a global march for this Saturday, Oct. 29 in support of the Robin Hood Tax. Oct. 29 is the eve of the G-20 summit in Southern France set for November 3 and 4. The Robin Hood Tax (or Financial Transaction Tax) is a type of sales tax on financial transactions, such as trades of stocks or bonds.
For more information, see Adbusters - Oct. 29 RobinHood Global March @ http://www.adbusters.org/ or Tax Wall Street blog @ http://www.TaxWallSt.org
http://occupywallst.org/forum/adbuster-campaign-for-oct-29-global-march-for-robi/
just puts more tax money into the same hands which has already mis-spent millions on these purposes. We have spent billions on poverty since the "War on Poverty" and poverty is the same. Giving them more money won't do much better.
Of course, if we continue to define poverty as the bottom 15% when then bottom 15% will still be in poverty.
This is the only idea I've seen that speaks to me because it addresses global inequalities. My biggest issue with OWS is that Americans don't have a clue about real suffering. 1.6 billion people on this planet don't have electricity, so the whole world is not watching. Hearing people whine about school costs and mortgage payments just seems s absurd to me given that many of people on the planet would love to have those as their biggest concerns.
We just wrote an article on this, check it out: http://occupyunveiled.blogspot.com/2011/10/ows-adbusters-want-robin-hood-tax.html