The Robin Hood Tax campaign is a movement bringing together dozens of organisations that work to reduce poverty in the UK and overseas, and campaign to tackle climate change. They have come together during the economic crisis to campaign for a new deal between banks and society.
If your organisation would like to join the campaign, please email membership@robinhoodtax.org.uk and we will send you details.
Church of Scotland Church & Society Council: Like the widows mite, a little can go a long way. We are not asking much from those who have plenty to give to those who have little.
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Love the name, steal from the rich and give to the poor. Thats the way i like it!
BillClimate change is a scam!
RichardI think this idea is good, however it smacks of cultural capitalism. The banking sector is the problem. Levying a small tax on them a great idea, however the true need is reform of the system.You can't solve the problems of capitalism with capitalism. What we save with the left hand, we destroy with the right.
The banks want to own everything. This would enable them to do that by giving us 0.05% of every transaction. hmmmm!
Thank you very much for the list! Great!
StaticDo you think a bank is really going to pay a new tax? The cost will be passed on to the consumer just like any other tax on corporations or bank. Retards.
Robin HoodSo, as corporations do always pass on increases to the consumer - a much better way would be to abolish personal taxation for every person earning less than say, £50,000 (£100,000 for couples) and to much more heavily tax corporations (not individual traders) and increase VAT (except on essentials like food, as now). Consumers could then choose what to buy (at much increased prices as the corporations passed on their new high taxation costs) so they would be more discerning, whilst the free market of the corporations would force them to compete with each other to provide lower prices. People would pay much more for goods, but would pay no tax to government (or councils) so would have much more money in their pockets to choose how to spend. Basically, switch the burden of taxation (except for the rich) from the person to corporations.
Tgenza111So apparently this group has no understanding of economics or history for that matter. Robinhood the outlaw protested taxation not banks.
And in his early form, something rather lost in later years, Robin Hood was also an enemy of the Church, an organisation that was viewed by the highly-taxed peasantry as being both unbearably sanctimonious and a drain on their income. The political-media-welfare complex is the 21st century equivalent of the Church, a monster that encompasses the taxpayer-funded Left-wing media, taxpayer-funded charities, quangos and our enormous and bloated local government and welfare system.
And, behold, look who is supporting the Robin Hood tax (most figures are from 2008, the latest year for accounts):Action Aid – which received 16.5 per cent of its £67,727,000 income in 2008 from taxpayers, including £5,967,000 from the British government and £4,939,000 from the EU.
Barnados – in 2007/08 it received £10,507,364 from taxpayers.
Christian Aid – Another 18m from taxpayers, some 20.8 per cent of all its income.
RSPB – which receives an incredible £19,731,000 a year from Johnny Taxpayer.
Unicef – another £5,454,000 from the pot
TheprequelSometimes it is entirely unhelpful to keep 'harking back' to so-called real history etc. The point is this is an attempt to do SOMETHING to redress an obvious imbalance. Your comment sounds remarkably as if you are in favour of inequality - and certainly 'anti' any government / taxpayer support for social need.
Robin HoodHow patronising! You ignore the fact that these organisations don't get this money from the taxpayer as subsidy as you imply. They simply recoup the tax as gift aid - money which you have already paid in tax to the government. Yes the money could be kept by government to be wasted on defence or such like or supporting a corrupt economic system, but this way at least this tax raised revenue is diverted to these causes directly. Do you really think that the government would reduce taxation if gift aid were abolished? You're the one who's naive.
SpaceweaverGiven that this will be really successful, who is going to manage this huge fund. What person/organization can be trusted to put such amounts of resources to the beneficial ends it is raised for. Who is going to decide on priorities and distribution?
JamescooganHey. I love and have given support to this idea.
Can it be implemented in Ireland/ Irish banking system?
Who administers the funds raised?
Gimme some choloHi James - as the Irish banking system has effectively been nationalised then the government would simply be taxing itself - so it wouldn't work...
GuyKeep up your good work. You have my full support!
Wow! I'm impressed by the number and quality of organizations that you have managed to get behind this idea.
Not sure I think this would work.
JordiC'mon Peter Pan, 0.005% (that's 500,000ths) of EVERY transaction made thru a bank. OK it will hit some personal banking but also more importantly it would hit those that use the markets an ordinary Joe Soap like you and me does not operate within. The ones where the richest people and corporations operate, futures, shares etc, exactly where the crisis was created in the first place. So the reclamation of money injected into banking by us the tax paying citizen would be reclaimed in the main from those that generated the crisis in the first instance.
Peter PanI think this is a dumb idea. If we tax the banks, they are just going to pass the additional cost onto the consumer through higher fees. This is not the solution. Rethink.
BigBadHoodieeven if it does, it comes back at such a tiny amount that it's barely noticable. you transaction would have to be at least over what £500 to get a penny to come out? it's nothing to people like us!
Peter AltmannI am with you on your side
mikeWhy stop at taxing the banks?
Big business has continued to announce huge profits throughout the economic down turn. Why are they not contributing? Why were they not asked to bail out banks? It is their country society too.
wow. this is amazing. but do you think it will work?
DJLoves the hard work and effort being out in to get us our Robin Hood Tax but is a little disappointed that the SNP (ruling party in Scotland) are not being questioned as the other leaders are. Whilst Scotland may not have tax powers they do have considerable influence (way more than the Green Party) but are not being questioned. Like I say just a little pointer
Robin Hood Tax is the best, most creative approach marketing campaign I've seen a charity take. Keep up the great work and well done for thinking outside the box and I hope it achieves the result you are after.
I think this is a worthy campaign and that members might also be interested in the The Sack Your MP! (SYMP!) Campaign which starts with the 2010 election and will fight on to reform MPs and how our political system is run. We don’t claim to have all the answers (we need your help on that), but JOIN US and force the reform of MPs.Visit the www.SackYourMP.ORG/scandal site to find out more, look at the evidence www.SackYourMP.ORG/evidence where we have video, radio and online articles.
If you have questions about our campaign visit www.SackYourMP.ORG/faqs
Visit the www.SackYourMP.ORG/invite to invite your own friends and use our secure widget to select friends easily from your email address book.
Visit the link below to register with the Sack Your MP! site and be kept informed about the progress of the campaign.
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Please visit our site and see how you can make your vote count.
The Sack Your MP! Team
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http://storyofstuff.org/how about linking up with these guys very interesting
An incredible news. In that way you are not only looking forward in helping yourself but you are also reaching out to others that are in need of help..
SilverI love the idea of the RHT... but how would the banks react to this? They would put mortguage premiums up, overdraft chargers through the roof. The money the government took from them, they would take from us.
Assholes :(
joshuanelsonOkay, I'd pay money for one of those green robin hood hoodies in the recent video. Seriously, good way to raise funds for the campaign and get free advertising!
So nice to know that there are organisations that work together to reduce poverty in the UK and overseas, and campaign to tackle climate change.
Robin Hood Tax sounds so much more appealing than Tobin Tax.
However, it doesn't change the need for it as the world economies attempt to get back to "normal" and the next meltdown.
The definition of insanity is doing them same things as caused the problem and expecting a different outcome.
wookiehareHow lovely that we have the support of all these organisations. Keep up the good work
res evilI live on Thamesmead and saw the robin hood poster stuck on our walls this is bad we dont want posters on our walls it makes our streets look dirty so keep out
Ali Gvery naive. good thinking though. but ultimately the customers are going to feel the pinch, banks will decrease interest for example, but they will find a way of taking our money so their profit margins don't budge, unless they go up...
TheprequelSurely the point is that RHT is a tax on PROFIT? So no matter what they do to us, the profit will still be taxed? So they can't get out of it, no matter how much they try to by increasing costs to us and decreasing interest paid to us. Those tactics increase profit - thus increasing RHT liability ...
19-3-2010.
Hi ALL can I share some good news with you about TAX, and that is our Greenwich Council in SE10 is telling us all that there's Going to be NO INCREASE IN COUNCIL TAX again this year, which is explained in their Council Tax booklet covering 2010-2011, which just happens to have a photo of me along with some of the children and helpers on the front cover, taken at the opening of our Neighbourhood Pride Community Garden in Abbey Wood SE2 last year, which I'm pleased to say is still up and running.
To find out more about my many Community Garden Projects please visit my website www.recycling.moonfruit.com Thank YOU.
May you and yours and what you grow live long and happy. John.
Al GoreTake out the climate change nonsense and I might be persuaded that it's a good idea. So, probably, would a lot of other sensible people.In my very humble opinion of course.
catherine cosgroverobin hood tax is a wonderful opportunity to turn concern into action. By calling on some of the richest institutions in the world to help those at the other end of the economic spectrum it puts people before profit. i hope you get loads and loads of support for this campaign. cathy cosgrove
John NewtonWhen I donate to charity, I expect my money to be spent directly on helping people whom the charity purports to support, not to part-fund a tax-increasing lobby!
TheprequelSuch a horrid and superficial (and predictably right-wing) sentiment. The naive belief that all donated monies can be spent "directly on helping people" in the sense you imply annoys me like crazy. Charities need staff to carry out their work - so sometimes it's nice middle-class people like you who are earning their daily bread - so some of your donation will be spent on their wages. Or do you believe everyone involved should be doing everything for nothing - as in the old-style paternalistic 19th Century charity. Only wealthy folks have that luxury - and they're usually too busy at other less-laudible activities. This sort of 'viral' lobbying is a great way to raise profile, get more money for the charities you say you support and to do a bit of solid work to prevent the escalation of problems.
Or are you one of those who gives a pittance of their generous salary and believes that absolves them of any further responsibility or guilt?!
123then you're naive...
SidsonBut this tax could be a good tax. First of all, it would be feel by very few people - the mega-rich.However, I'd like to suggest that this tax falls on the rich's heritage or income, not on the banking transactions.
eugenebutcherWhen I donate to charity, I'd love to think that the money might be spent in a way that might actually create real change. Robin Hood Tax is the best, most creative approach marketing campaign I've seen a charity take. Keep up the great work and well done for thinking outside the box and I hope it achieves the result you are after.
I work for a teachers' trade union and wonder if you could let me know how my organisation can become a supporter of/affiliate to your campaign.Thanks.
Ken Wimbor
Maid MarianIf your organisation would like to join the campaign, please email membership@robinhoodtax.org.uk and we will send you details.Thanks!
ChrisOh well I suppose charities first gave us chuggers now it's natural progression that their into steath taxes!
Robin HoodThanks @Chris. So stealthy we've been making films, creating facebook pages and discussing it openly on this very website.
ChrisI'm not saying your not publicising your tax scheme, I'm saying your hiding the fact that it will be taxing the general public! You say your taxing the bankers, but your actually taxing the money they handle. Money into pensions doesn't just go under someone's mattress, it goes into the system and would be taxed as well as any other money in the system.Had you planned to actually tax the bonuses bankers receive perhaps then I could support that idea.
Robin HoodThanks Chris. Probably the most detailed piece on this site about the incidence of this tax (ie. 'who pays?') is here: http://robinhoodtax.org.uk/debate/the-robin-hood-tax-who-pays-in-the-end-a-former-investment-banker-and-derivatives-trader-investigates/
wilYou really have no idea what you are talking about.I am cancelling my standing orders i have to two charities listed above.
wookiehareThis just shows how committed you REALLY were to those people who benefit from the charities you were supporting. I'm very sad about this - it seems so petty somehow and perhaps spiteful?
Maid MarianI'm very sorry to hear that, Wil. We're pretty convinc