The predicted celebrity "Robin Hood Tax" campaign starts tomorrow - a reduced threat compared to what's come before but even so, it could still fuel populist support. http://www.thisislondon.co.uk/stand...-raise-pound-250bn-a-year-to-fight-poverty.do Pro "Robin Hood tax" article by Bill Nighy: http://www.telegraph.co.uk/finance/...play-my-part-in-the-great-Robin-Hood-Tax.html
Anyone have any idea what this is supposed to mean (from above article): "The âRobin Hood Taxâ would not be levied on banks' transactions with high-street customers, but on those between financial institutions. " Also, to the Brits following this thread -- this new FTT campaign is supposed to include billboards and ads before movies in theaters. Please let us know what you see (could be very entertaining to see Maddona try to explain some advanced tax code to the general public).
They can keep on dreaming. Too little too late though. Had they come up with this idea six months ago, it could have possibly gained traction, but not now. The insurance levy will take center stage, and be eventually agreed upon globally. The Tobin tax/Robin Hood tax, or whatever these douche bag liberals/celebrities want to call it this week will fail.
It means the author has no idea what he is talking about and that it would apply to all financial transactions. Apparently he thinks only institutions participate in the stock market. If this Robin Hood Tax were to pass or gain any foothold, it would be a big win for Global Socialism. The whole idea is reprehensible. Again, if they want to help out the poor and needy, no one is stopping them (or Oxfam) from opening their own wallets.
This type of tax would never, ever fly in the U.S., so I'm not concerned about it whatsoever. The appropriate measures against the banks (insurance levy) have already been proposed, and will be decided on by elected lawmakers, not dishrag whores like Madonna.
http://robinhoodtax.org.uk/ Here's their first video promotion on the good old Guardian (who else?): http://www.guardian.co.uk/business/2010/feb/09/tobin-tax-nighy-curtis-film
May 6th can't get here soon enough! We can expect a fresh surge of articles and blogs postings about this tax once these people kick off their campaign tomorrow. Even reporters/bloggers in the US will point to this as some sort of surge in FTT momentum. I'll be doing my best to try to ignore all of them.
Tonight at 00:05, the UK charities will be launching the Robin Hood tax. They chose 00:05 because it represents the rate they want to tax transactions (0.05%). To get a head start on them, I'll be launching the Don Quixote tax at 00:00 -- a time that represents the rate at which transactions will ultimately be taxed. Who's in?
I'm not giving it any oxygen. They are publicly besmirching the most generous sections of their donor base. The financial sector employs millions of ordinary workers who say little while observing much. There is likely to be a massive re-direction of donations --- away from charities that displayed such astonishing ignorance. They have been badly advised, and are embarrassingly out of their intellectual depth.