Archive for February 19, 2011

A small tax but a great difference

February 19, 2011 3 comments

In the current world, the richest are taking money from the poorest. Some of us think that this is not completely fair. Some have even suggested to put a small tax on financial transactions to reduce this effect. A tax of 0.005% on trade of currencies and 0.05% on stock trade has been suggested to do exactly this.

That is nothing” you may say? And you are true. This is nearly nothing for those who will pay the tax. In the same time, it is a big difference for those that can receive the benefits of this tax. This tax of 0.005% of trade of currencies and 0.05% on stock trade can actually provide $400 billions to the world, annually. In other words, nothing for the richest, is quite a lot for the poorest.

Not only that it will make a big difference. It will not be difficult to administer either. Are you still not convinced? Take a look at the following clip:

The Robin Hood Tax initiative was started as an idea turning into a campaign. The idea grew and became a movement committed to reduce poverty.

The movement now includes hundreds of thousands and many NGOs, politicians, celebrities, religious leaders,  business people and economists including Jeffrey Sachs and Nobel Prize winner Joseph Stiglitz.

It is time to make a better contract between banks and a better world!

The idea is here. Ready to be implemented. It just needs the support of you and some more people. Sign the petition and join the movement: