The Robin Hood Tax
March 26, 2010
I’ve just been reading Bows against the Barons, by Geoffrey Trease, which has a pre-socialist Robin Hood leads the Merry Men and the townsfolk of Nottingham into a revolt against the lords of Britain.
Now, I’ve finally gotten around to looking up this Robin Hood tax idea that is gaining traction in the UK. Basically, the idea is to have a minute tax (around 0.001% tax) on transactions that don’t include members of the public (bonds, derivatives, currency speculation, etc). Apparently it’s got the potential to raise over £100 billion.
Check out this amazing video with Bill Nighy as a squirming banker.