(Warning: Their servers are getting slammed today, as word about this campaign is spreading fast. So, if you can’t reach the site right now, please check it out later.)
The Robin Hood Tax campaign is calling for a tax of less than half of 1% on Wall Street transactions that could generate hundreds of billions of dollars each year.
A Robin Hood Tax on Wall Street will provide funding to kickstart the economy and get America back on its feet by creating jobs and strengthening public services like health care, education and infrastructure at home while tackling AIDS, global health, poverty and climate challenges around the world.
This is a tax on Wall Street, which created the greatest economic crisis in our nation, and globally, since the Great Depression. The same people who have returned to record profits and bonuses while ordinary Americans, the 99%, continue to pay the price of their crisis.
It’s not a tax on the people, but a tax for the people.
It makes so much sense, and anyone who opposes the idea is either:
- Protecting the 1% at the expense of the 99%, which, I’d hope by now most people would agree, is wrong; or…
- Brainwashed into believing in trickle-down economics, the thoroughly debunked idea that if we protect the wealthy (i.e. cut their taxes, provide them with massive tax loopholes, provide their businesses with massive subsidies) their prosperity will trickle down to those who are less wealthy; or…
- Brainwashed into distrusting the government thoroughly, therefore not wanting the government to tax anyone, because they believe that the government can’t be trusted to use tax dollars wisely.
As with anything like this, it’s important to not take it on face value, and to find out know who’s behind it.
Conveniently, RobinHoodTax.org has a page on their website titled Who’s behind it?
Yeah, I can get behind these people and this movement!