In the UK there’s a movement to tax the banks on their transactions at a very tiny amount and using the increased revenue to help the poor and the environment.
You can watch the video below and check out the Robin Hood tax site.
Here’s how it works:
The Robin Hood Tax is a tiny tax on banks, hedge funds and other finance institutions that would raise billions to tackle poverty and climate change, at home and abroad.
It can start as low as 0.005 per cent – and average 0.05 per cent . But when levied on the billions of pounds sloshing round the global finance system every day through transactions such as foreign exchange, derivatives trading and share deals, it can raise hundreds of billions of pounds every year.
And while international agreement is best, it can start right now, right here in the UK.
That can help stop cuts in crucial public services in the UK, and aid the fight against global poverty and climate change.
Thanks to Greg for sending this in!