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Introducing the Robin Hood Tax - YouTube
The Wayback Machine - https://web.archive.org/web/20120726200616/http://www.youtube.com/watch?v=Bd_U2mnHqMU

Introducing the Robin Hood Tax

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Published on Jun 18, 2012 by

Chris Martin (Coldplay), Mark Ruffalo (Avengers, The Kids Are Alright), Tom Morello (Rage Against the Machine) and economist Jeffrey Sachs star alongside ordinary Americans in calling for a Robin Hood Tax.

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.

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  • Whoop, Chris Martin!!!! And yes it is illegal :P

  • That's Mark Ruffalo's secret---he's ALWAYS angry about the 1% paying less taxes than the rest of us! Smash social injustice!!!

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  • Great and very simple solution to raise huge amounts of money to build up more just economies and solve a lot of problems in the world. Join the campagne on FaceBook whether you live in the US or in Europe and spread the word around :).

  • Always interesting how some people need to call others 'dumb' in an attempt to gain some weight themselves. Why don't you learn something about economics and the transaction tax yourself? If your government hadn't had the 'harebrained idea' to skip the existing transaction tax in the sixties your economy wouldn't be in such a big mess right now. Think again :)

  • Dumb. Learn something about economics people (especially you stupid celebrities). There are always unintended consequences of harebrained ideas like this. If you use your brain, it's not too hard to figure out what they would be.

  • Big companies and related politicians are well known for selective using or manipulating data. Osborne blows bubbles based on old speculations that were corrected by many economists. You only listen to what you want to hear and spread it like it's the truth and you know all about it. Even wikipedia is better informed about the tax. There is a huge shift going on now towards more responsible investing. If you open up your eyes you might be able to surf on that wave and advise other investors.

  • .5% tax, why the hell not? I doubt it will ever be passed by our politicans since they are already in the pockets of wall street.

  • Wrong, I never said the EC was against the tax. However, according to Osborne, the data against a FTT came from the EC's own report. I don't think it would be smart for Osborne to blatantly lie so I'm taking him at his word. I did not see the report and don't know where I could find it, but I'm assuming they tried to look at both sides of the argument and this is what they came up with. As you can see these are serious economic concerns. It's hard for me to imagine the benefits outweighing them.

  • The European Parlement confirmed the proposal by the European Commission for introducing the tax in as much European countries as possible. You go about telling everywhere that the European Commission is against this tax, while the opposite is the case. I'm simply correcting your injust statements. I don't like people who intentionally spread wrong information...

  • Sorry, but it's hard to find intelligent people to argue for this tax. They have to settle for Jesus freaks, an AIDS patient who can't support himself, etc.

  • So George Osborne cites data he clearly states are from the EC itself and that's not credible? He presented actual data from the EC in that video to back up "his agenda". Where's the data to defend the Robinhood Tax's effect on the economy? It sure as hell isn't in this crappy video. All that's in this one are people complaining and drawing pictures on dollar bills. By the way, who cares what the EP voted for? That means nothing. They are even more incompetent than our politicians in the States.

  • You base your opinion on the statement of a politician? Osborne is a conservative whose main interest is to speak on behalf of the commercial interests of the financial markets in his country, who support his party. He does not represent the views of the EC, on the contrary. He tried to attack the idea only because of the strong appeal from the EC to implement the tax. The European Parlement voted in favour of the FTT in May 2012, based on serious studies. We're not stupid here. Inform yourself.

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