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Friday, 12 February 2010

Robin Hood Tax - Rob the Rich (Banks) to pay the Poor (Government)

A coalition of British organizations calling itself the Robin Hood Tax campaign is proposing a new tax on banks to fund global anti-poverty and anti-climate change initiatives. The idea is to skim about 0.05% off of all speculative banking transactions, which proponents say would raise hundreds of billions of dollars each year and forge "a new deal between banks and society":
"It sounds complicated, but actually it isn't. A tiny tax on bankers has the power to raise hundreds of billions every year - giving a vital boost to the NHS, our schools, and the fight against child poverty - as well as tackling poverty and climate change around the world."
In an ad for the campaign, British actor Bill Nighy, who will star in the next installment of the Harry Potter films, plays a haughty banker who's forced to admit the tax would barely phase the finance industry.
Source: http://www.huffingtonpost.com

WATCH the video below:


Goldman Sachs faces 'Robin Hood tax' vote-rigging claims

Goldman Sachs is investigating claims that one of its computers was used to rig a public vote on the introduction of a so-called “Robin Hood tax” on bankers.
Technical staff for the Robinhoodtax.org.uk website said the “no” counter increased at a “dramatic rate” from 3.41pm.
The number of “no” votes jumped from 1,400 to 6,000 before campaigners – who are calling for the introduction of 0.05pc tax on banking transactions – tightened the site’s security.
Robin Hood’s security team claimed it traced the erroneous votes to two computers, one of which is allegedly registered as belonging to Goldman.
A spokesman for Goldman said the bank had “just received this information and is investigating fully”.
After being flooded with concerned messages from Facebook and Twitter users, the website displayed the following message: “For all those who have noticed something strange happening on the vote, please don’t worry. Someone is playing games. But at lunchtime we posted a spy in a high tree and are working to catch the culprit. The count has been reset to remove these false votes and our guards are now back on the gate. Please keep voting (fair) people.”
By 8pm on Thursday the “yes” vote had a substantial lead on the “no” camp, with 21,300 votes compared with 2,600.
The campaign has attracted a string of celebrity endorsements, including Four Weddings and a Funeral writer Richard Curtis and Love Actually actor Bill Nighy.
The campaign, supported by groups including Barnado’s, the RSPB, the NUT and the Unite union, claims the tax – which is based on Nobel Laureate economist James Tobin’s idea from 1972 – could generate £255bn worldwide a year."
Source: Rupert Neate, City Reporter (Technology) http://www.telegraph.co.uk


Where is Robin Hood buried? Allegedly, Robin Hood is buried in Yorkshire, England, at Kirkless Priory (Huddersfield). On the market - a house steeped in Robin Hood folklore