A Modern-Day Robin Hood Takes Aim at Poverty

What if you knew you could spend a miniscule amount of money—one-half of one percent of your earnings, say—and it would do really good things? Things like making sure women don’t die in childbirth, lowering rates of infant mortality, tuberculosis, and HIV?

Wouldn’t you do it?

“This isn’t theory. This is happening,” says David Hillman of the Robin Hood Tax Campaign.

Eleven countries, including Germany, France, Italy, and Spain are moving forward with a “microtax” on transactions by banks and the rest of the financial sector. It’s estimated to raise billions for global public goods such as health care.

The financial sector has long been under-taxed while at the same time causing massive financial crises. The Robin Hood Campaign and affiliated organizations such as Stamp Out Poverty are helping ensure not just that banks pay their fair share, but that in so doing they help alleviate the damage caused by the global crisis and recession.

Watch more of our conversation with David Hillman above.

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Robin Hood was not a class warrior he was a freedom fighter for the people. Why is it okay to take one half or 1% from a select group, what about minority rights?

Yes, we can. We really can. We just need to believe it.

I so agree.

Great deeds that should be promoted, encouraged and reproduced even in the so-called developing countries.

Always have liked Robin Hood.

yes i give my voice to us

In Canada this good idea will take time to catch enough people's attention to advocate. Many groups support will be needed. Or convincing one major bank? Maybe with the next government it might have a chance.

I always liked Robon Hood as a child. I still do.

I agree with this video.

As long as the deposits of ordinary people are not included in that taxation ( saying that i mean those who their savings are just enough for living ) i am in favour of. The banking sector around the world ( along with politicians ) should take the responsibility for the current global recession and suffer the consequencies for that.

Wouldn't it be easier to teach the poor how money and exchange works as opposed to taking from those who are doing things productively to create an improving environment.

A system of global capitalism and financial transactions requires a system of global taxation. Even the IMF is beginning to accept this idea. As for those who might be taxed, few are earning their capital by improving the environment. Most earn by destroying it, or by leveraged gambling in 'free' capital markets the 2008 collapse of which has brought increased misery for the already poor.

A great idea. However, it apparently can never be done in the U.S. due to the fact that Grover Norquist and the corporations and individuals he represents, prevent the U.S. Congress from legislating taxation.

More and more people are becoming aware that there is decreasing equality in economic opportunity in the U.S. in recent years. See article:

Can this cause flight to tax havens... no, for the simple reason that all these institutions are already there...

I'd suggest that David begin or use a crowd-powered platform for funds allocation and or advocacy.

Actually, I'm surprised the OS isn't looking more closely at all these crowd-powered movements currently emerging.

Do you not recall that Robin Hood was stealing from the government to give to the poor?

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