Forum Post: Robin Hood Tax Benefits the Global Elite?
Posted 13 years ago on Oct. 28, 2011, 6:57 a.m. EST by Mitch333
(93)
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infowars: "In many ways, the Robin Hood Tax is an identical transaction-tax scam to the one proposed by globalists at the 2009 UN COP15 Climate Summit in Copenhagen, where a number of new taxes on financial transactions and new carbon taxes would be put into a giant “slush fund” to be handled by none other than the World Bank. Ultimately, any Robin Hood Tax will most likely end up in a giant fund to “ensure that banks are adequately capitalized”, and one which will be used to bailout, or insure big bank losses and trillions in gambling derivative bets gone bad.
In reality, a Robin Hood Tax does just the opposite of what its name represents. Rather than stealing from the rich and giving to the poor, it is designed to steal more money through taxation from working people- money which will end up directly in the hands of institutions like the US Federal Reserve and its cartel of Wall Street banks."
Is there any truth to this? I would like to think that this movement has grown larger than AdBusters and it is time to move beyond an ad agencies idea of revolution. I checked the official website and it does state the Soros and others are behind this Robin Hood scam. My question is: Is OWS going to embrace this nonsense? Why?
Alex Jones used to aspire to be the next Rush Limbaugh, flaming conservatism and all. When he saw that he would not be, he started cornering the market on conspiracy radio, edging into Art Bell's territory. He never shed his right-wing politics but, instead, folded a right-wing ideology into a conspiracy theory. All of the sheep who follow him end up in the same place Rush's listeners end up: confused, ignorant and convinced they know everything. If you have ever read one real history book, you know that the Alex Jones view of the world makes no sense. He exists because he makes all government critics look bad. Neocons loved him because he made any critic of the wars and the Patriot Act seem like a lunatic. He is an arm of the Republican Party. In fact, look at the history behind most prominent conspiracy theorists today and you can see that most of them used to be flaming conservatives. They serve a purpose and the purpose is to discredit all critics of the government and lead people into blind allies looking for the Illuminati while the things that really oppress go on right under their noses without them knowing. It is sad that people do not see this and think Alex Jones is some hero. He is a blowhard, a conservative and a disinformation agent in the service of our corporatist state.
Well said sir.
"the sheep who follow him end up in the same place Rush's listeners end up: confused, ignorant and convinced they know everything." Bingo.
I agree. I do not support Alex Jones..the information is also on the Robin Hood website. Look at the backers. Look at their names. This is not something OWS should be aligning itself with. Whats next the IMF?
This message should be spread. I completely agree. Alex Jones is like judy wood's "free energy weapon" or the "holographic planes" of 911 - obviously stupid theories, yet people in the conspiracy theory realm believe them cause they want to. As you say, it makes any critic of the official story be labeled as a lunatic, able to be lumped in with all the others by people without much time on their hands.
This is a shining gem of truth.
The upside to a transaction tax is that, theoretically, it would slow down the high-frequency, algorithmic trading that causes volatility and exploits loopholes in the system.
It would provide revenue for governments that are in the red. (anti-govt or small govt people may not consider that a good thing)
Other than that, everything else I read from independent sources is contradictory as to the benefits/drawbacks of this thing.
I don't have an opinion as to whether it is good or bad but I won't support what I don't understand.
Instead of a transaction tax on computer trading, just put in time restraints.
I did not post this to whine about Alex Jones. Who cares about that dipshit? This is very serious information here. IS ROBIN HOOD THE 1% OR NOT?? Yes it is. The Robin Hood website admits the 1% are backing this. These so called "Progressives" have an agenda that will not benefit the people here or people anywhere.
Yes, I believe there is some truth to this. 1% is ridiculously high for this sort of transaction. It would stop a lot of day trading and microsecond trading, but it would also mean there's nothing to gain from investing in slowly-changing stocks - i.e. in the end, it encourages a more volatile market. It also encourages trading to happen in the dark. 0.1% would be more reasonable.
Don't shoot the messenger.
Jones appeals to a particular audience but a lot of his info is spot on.
I read about this transaction tax years ago and the first thing I thought was exactly what Jones is saying.
The supranational organizations are desperate to find a way to bolster their funds. This is it.