Robin Hood Tax refers to a set of Financial Transaction Taxes (FTTs) on financial market transactions. The goal of this type of tax would be to raise additional revenues from the financial sector that could support projects that benefit the general public, such as poverty reduction. This international movement originated in the UK in 2010 with a proposed tax on all transactions in the financial market that would average 0.05 per cent.
The movement has received numerous endorsements internationally, including a group of economists from over 50 countries who urged the G20 countries to adopt taxes of this nature.
Thank you for reading this story…
More people are reading rabble.ca than ever and unlike many news organizations, we have never put up a paywall – at rabble we’ve always believed in making our reporting and analysis free to all, while striving to make it sustainable as well. Media isn’t free to produce. rabble’s total budget is likely less than what big corporate media spend on photocopying (we kid you not!) and we do not have any major foundation, sponsor or angel investor. Our main supporters are people and organizations -- like you. This is why we need your help. You are what keep us sustainable.
rabble.ca has staked its existence on you. We live or die on community support -- your support! We get hundreds of thousands of visitors and we believe in them. We believe in you. We believe people will put in what they can for the greater good. We call that sustainable.
So what is the easy answer for us? Depend on a community of visitors who care passionately about media that amplifies the voices of people struggling for change and justice. It really is that simple. When the people who visit rabble care enough to contribute a bit then it works for everyone.
And so we’re asking you if you could make a donation, right now, to help us carry forward on our mission. Make a donation today.