The Robin Hood Tax

Posted February 11th, 2010 by Joshua | with 2 comments

Taking inspiration from economist James Tobin, the new UK campaign for a “Robin Hood Tax” is a great example of the type of social movement for economic reform we need across the world. A global Robin Hood tax is a crucial part of transition from a growth-based economy to one that is people-based. This type of financial policy can be instuted to actually help eliminate poverty and hunger, fight climate change, and put social equality into a system that rewards greed instead of good.

By taxing a minuscule amount of each financial transaction (we’re talking half a percent – 0.5%) you could raise up to $500 billion or more a year, reduce speculative investing (the kind that promoted the recent Great Recession), and put the banks in check (those guys we just bought out with taxpayer money that made $5 million bonuses).

Check out the video here:

2 Responses to 'The Robin Hood Tax'

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[...] So if we create new money, either by printing it, loaning it into existence, speculative trading, or some other devilish creation of the private banking system, do we also create correlating real wealth? No. This means as we allow money to earn more money, without ever being traded for a real, valuable good or service, we are devaluing those real goods. Banks are essentially stealing real wealth by creating more phantom wealth for themselves. (All the more reason for a Robin Hood Tax) [...]

Thoughts on Money, Wealth and Value

2 Mar 10 at 10:34
[...] featuring Sir Ben Kingsley (amongst others, if you can recognize them), a follow up to their first video featuring Bill Nighy. This is a post growth policy if there ever was [...]

Robin Hoodies - Post Growth

7 Apr 10 at 11:15