Tag Archives: Robin Hood Tax

Money Makers (Goldman Sachs) vs Money Takers (Robin Hood)

I had noticed the increase in NO votes to the Robin Hood Tax and was obviously surprised, wondering who might hack the vote… Just like the Tobin Tax, the Robin Hood Tax is a levy on financial transactions, but a fundraising exercise for public purposes: poverty and climate change.

Would you have thought that the vote rigging would trace back to a computer at Goldman Sachs???

Just google and you will see how this was obviously the best publicity the campaign could have wished for.

You can also visit the page that I put together to keep track of some of the repercussions.

Robin Hood Tax to be launched on Wednesday at 0.05am

The Robin Hood Tax is the UK version of the Tobin Tax which was at the beginning of ATTAC in France ten years ago.

As an anti-poverty campaign, it is more pragmatic than the economic theories of Tobin Tax definitions or the political demands of the Attac network.

Supported by a coalition of 48 organisations, the Robin Hood Tax campaign spells out what the income should be spent on.

And in the spirit of our times, it uses Twitter and YouTube.

The video is set to private until the launch which is set to 0.05am in parallel with the 0.05% tax that Robin Hood wants to take.

However, Mervyn King, the Governor of the Bank of England, dismissed the idea of a Tobin Tax only recently, according to the FT.

Of course, this tax doesn’t get to the root of all evils, but at least it’s bound to capture people’s imagination!