Monday, March 22, 2010

The Robin Hood tax

 A tiny tax on bankers that would give billions to tackle poverty and climate change,  here and abroad.

This tax on banks – not you or I – has the power to raise hundreds of billions every year. It could give a vital boost to the NHS, our schools, and the fight against child poverty in the UK – as well as tackling  poverty and climate change around the world.
Not complicated. Just brilliant. 

1 comment:

  1. Hmm, problem being that the UK kept a comparatively tax-light regime on financial institutions, and part of the tax raised was used to fund education and health services. If you introduce such a measure, and other countries don't, those institutions will move elsewhere. Slightly heavier tax, but far fewer payers and a net loss of income.

    Unless it's internationally applied and enforced, this kind of measure will only benefit places like Geneva.