Support the Robin Hood Tax
April 29, 2010, 9:13 AM EST
As governments around the world deal with the after effects of a massive economic meltdown caused by greedy financial speculators, money managers and irresponsible bank lenders, many are warming up to the idea of instituting a small tax on global financial transactions - a tax that would be paid by banks, not people.
A tax of this kind has the potential to raise $650 billion in revenue that would be earmarked to help fight global poverty and climate change.
Some have dubbed this the "Robin Hood Tax," since its aim is to take from the world's wealthiest banks and lending institutions and give to those most in need.
Social justice group At the Table is spearheading the Robin Hood Tax campaign in Canada, and is urging the Stephen Harper government to support this initiative. This campaign is supported by a number of organizations throughout the country, including the CAW.
Not surprisingly, Finance Minister Jim Flaherty has publicly stated he will not support a global tax on banks - despite the fact that the House of Commons previously passed a motion to support a tax on global tax on financial transaction in 1999.
There's still time to make things right. Canada is about to play host to world leaders at the G8/G20 summits in June of this year and citizens need to express their support of the Robin Hood Tax. Demand that our federal government lead the charge for positive change, and not be cast aside as an international laggard once again.
Make sure your voice is heard.
Learn more about the Robin Hood Tax campaign and find out how you can get involved. Visit: http://www.robinhoodtax.ca/