Comments on: Robin Hood Tax campaign goes live

By: Vote 2010: International development | Left Foot Forward

Vote 2010: International development | Left Foot Forward — Wed, 05 May 2010 14:39:36 +0000

[...] that there is no concrete commitment to a Financial Transaction Tax, as proposed by the Robin Hood Tax campaign and supported by Left Foot Forward, but in their submission to BOND’s joint demands (p9), [...]

By: Return of the Merry Men « Rob Carr – A Novocastrian Abroad

Return of the Merry Men « Rob Carr – A Novocastrian Abroad — Sat, 13 Mar 2010 01:58:32 +0000

[...] after all. Robin Hood would have an asbo and a slot on Crimestoppers if he was about today. Nonetheless, the tax itself is a sound idea. Basically (very basically as my economics knowledge extends no further than knowing I get better [...]

By: Look Left – The Week in Fast Forward | Left Foot Forward

Look Left – The Week in Fast Forward | Left Foot Forward — Fri, 12 Feb 2010 18:10:58 +0000

[...] The “Robin Hood” tax campaign went live on Wednesday. A financial transactions tax, of the order of 0.05 per cent – 50p for [...]

By: Politics Summary: Friday, January 12th | Left Foot Forward

Politics Summary: Friday, January 12th | Left Foot Forward — Fri, 12 Feb 2010 09:02:07 +0000

[...] that one of its computers was used to rig a public vote on the introduction of a so-called “Robin Hood tax” on bankers.” Technical staff for the Robinhoodtax.org.uk website said the “no” counter [...]

By: Nikcara Hellershanks

Nikcara Hellershanks — Thu, 11 Feb 2010 09:56:10 +0000

RT @robinhood: RT @touchstoneblog #~~> @LeftFootFwd for their story on Robin Hood Tax: http://ow.ly/15Odi #RHT

By: Oxfam Scotland

Oxfam Scotland — Thu, 11 Feb 2010 09:54:39 +0000

RT @RobinHood: RT @touchstoneblog #~~> @LeftFootFwd for their story on Robin Hood Tax: http://ow.ly/15Odi #RHT

By: Robin Hood

Robin Hood — Thu, 11 Feb 2010 09:53:19 +0000

RT @touchstoneblog #~~> @LeftFootFwd for their story on Robin Hood Tax: http://ow.ly/15Odi #RHT

By: Rob

Rob — Thu, 11 Feb 2010 01:21:44 +0000

The end of your article presents a false choice. That aside the idea of a tax on speculative actions, if inforced internationally, could be a good idea.

By: Tyler

Tyler — Wed, 10 Feb 2010 18:58:38 +0000

Thank god there are people with a bit more foresight and it will never happen.

- Banks already pay huge amounts of tax
- It would have to be a global tax otherwise banks would move
- Costs would be passed down to customers. It would make corporates less competative immediately, especially if they have any import/export business.
- Costs would also get passed down to investors…the biggest of which are pension funds.

Banks can and do make a lot of money. Which gets paid to employees, who pay lots of tax. In the UK banking alone accounts for about 10% of GDP. You are robbing Peter to pay Paul. You might see more tax revenue from this tax, but you won’t see any net increase. The banks won’t have as much money to lend to businesses and consumers/mortgages….which will slow down growth.

Fortunately, as I say, it will never happen, but myopic left-wingers (including Stiglitz, who is as hard left as they come. I suppose that is why markets ignore him) will continue to shout about it.

By: ToUChstone blog

ToUChstone blog — Wed, 10 Feb 2010 10:10:55 +0000

#~~> @LeftFootFwd for their story on Robin Hood Tax: http://ow.ly/15Odi #RHT