The Robin Hood Tax movement, which has gained a strong following in the UK and several other countries, launched their U.S campaign yesterday. The Robin Hood Tax – which gets its name from the legendary British folklore character Robin Hood, who robbed from the rich to give to the poor – is calling for a financial transaction tax. Check out this brilliant viral made by Richard Curtis and Bill Nighy about Robin Hood Tax – it makes a very convincing argument indeed.
Robin Hood Tax supporters claim that by taxing financial transactions by the smallest amount – a 50-cent tax on every $100 of stock trades and less on other financial transactions – could raise billions of dollars to invest in jobs, healthcare, housing, education, combating poverty and climate change. Continue Reading