Robin Hood Tax - Tobin Tax

I have been a supporter of the so-called Tobin Tax for a number of years. In my former job I spent a wee bit of time promoting it. The proposal has been slightly tweaked and the campaign has been renamed The Robin Hood Tax. A very interesting brief video can be viewed here.

The Robin Hood Tax is a tiny tax on bankers that would raise billions to tackle poverty and climate change, at home and abroad. By taking an average of 0.05% from speculative banking transactions, hundreds of billions of pounds would be raised every year. That’s easily enough to stop cuts in crucial public services in the UK, and to help fight global poverty and climate change.

I think that this is an idea which is worthy of further consideration please take the time to look into it.