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Forum Post: The Robin Hood Tax

Posted 13 years ago on Nov. 4, 2011, 3:30 a.m. EST by thebeastchasingitstail (1912)
This content is user submitted and not an official statement

Anyone have opinions on this?

http://robinhoodtax.com/

The US and the UK are opposed to it.

France & Germany are for it.

I can't find a straight answer on where the money from the tax goes.

Heard something about a fund so that the banks can pay for their own bailouts.

Interested in facts/opinions that anyone wants to share.

12 Comments

12 Comments


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[-] 2 points by jjpatrick (195) 13 years ago

Members in congress support it as well. Even billionares support it like Bill Gates. Just don't expect it to be like 2%, it'll be more like 0.04%.

[-] 2 points by gnomunny (6819) from St Louis, MO 13 years ago

I don't know, I've heard both good and bad. I'm like you; where does the money go. I've heard too many times that such-and-such money would go towards noble causes like improvements in education, but have yet to see many real results. I'm suspicious.

[-] 1 points by ModestCapitalist (2342) 13 years ago

This is what the masses seem unable to grasp:

 If we replace our current leaders with human beings, they will sell out just as far as the current bunch. Our leaders weren't born sold out. Wall Street executives weren't born evil. They were born human. With a natural instinct to gather and store for survival. A natural instinct to care for family and community. 

When modern society was formed, we began to sell out our natural instincts. Survival turned into survival with a little more elbow room. Then survival with a little more elbow room and a nice view. Then survival with a little more elbow room, a nice view, and something pretty to hang around our neck.

Fast forward a few thousand years. With the industrial revolution came mechanized transportation, air conditioning, and television.

We had become somewhat spoiled. Somewhat motivated. Still relatively down to Earth. Still modest enough to appreciate one another, care for one another, and work towards a common goal.

Along the way, the potential for increased personal wealth became more and more intoxicating. Now, just about everyone wants to be rich. They want it so badly, they are willing to sell out basic morality to attain it. They WILL sell out basic morality if given the opportunity.

How can I be so sure? That's easy. Human nature plus years of corrupt influence plus opportunity.

Mother Nature did not plan for modern society. She did not plan on such corrupt influence. She never intended for any of us to seek or attain extreme personal wealth. We simply can not process the concept without being corrupted by it. Without compromising basic morality.

Extreme wealth is the single greatest corrupt influence of modern society. With every 'zero' on the paycheck, our basic instincts to care for family and community are compromised.

Those of you who still aren't convinced, consider this: 

If God himself gave you the power to end poverty, bring about world peace, and take a bonus of $100,000,000 for yourself, would you do it?

If God himself gave you the power to end poverty, bring about world peace, OR take a bonus of $100,000,000 for yourself, which would you choose?

Not only is the greatest concentration of wealth in world history the single greatest underlying cause of economic instability. The very concept of extreme personal wealth is the most corrupt influence in the history of mankind.

I speak the ugly truth. 

There will be no reform on Wall Street.

There will be no recovery for the vast majority. 

There will be no government "of the people" and "for the people". 

Not one of us will live to see it.

[-] 1 points by jjpatrick (195) 13 years ago

Some links to the truth about Obama and Romney and all OWS should know:

http://www.factcheck.org/barack-obama/

http://www.factcheck.org/tag/mitt-romney/

Top 20 recipients of Wall Street Funds: http://www.opensecrets.org/industries/summary.php?ind=F07&cycle=All&recipdetail=M&sortorder=U

Historically, which party receives more from Wall Street? http://www.opensecrets.org/industries/summary.php?ind=F07&cycle=All&recipdetail=A&sortorder=U

Noam Chomsky on the State-Corporate Complex: http://chomsky.info/talks/20110407.htm

Noam Chomsky's Manufacturing Consent: http://www.youtube.com/watch?v=PQhEBCWMe44

[-] 1 points by jjpatrick (195) 13 years ago

I heard republicans support it as well. Heck, even the NY times supported it, which means it'l convince their readers (Wall Street) to support it as well.

[-] 1 points by harry2 (113) 13 years ago

OWS should have a catalog of import issues by a urgency category. and proceed step by step. If necessary may form there independent government. I don't know what a robin hood tax is.

[-] -1 points by Richardgates (133) 13 years ago

Why did democrats start the KKK?

[-] -1 points by betuadollar (-313) 13 years ago

I think it was because they were afraid of people. Sad thing, to be afraid of people.

[-] 0 points by Richardgates (133) 13 years ago

Exactly. They were afraid of republicans wanting blacks to be seen as equal.

[-] 0 points by betuadollar (-313) 13 years ago

Honestly I haven't studied the history of the KKK so I can't really comment on this, especially as it relates to politics. But certainly it is fear in some form, and it's a distorted fear, because the reality is that America likes these people of another color. Most see America as a black and white world and they always have.

[-] -1 points by Richardgates (133) 13 years ago

The democrats are back to their old tricks trying to tear down another black man, Hermain Cain.

[-] 0 points by betuadollar (-313) 13 years ago

Well now that is a shame because I really like Hermain Cane. He's got my vote.