Left Blog

Today’s left ideology made here.

What is the Robin Hood tax?

The Robin Hood Tax would be a tiny tax of  0.5% on Wall St. transactions: stock buying and selling.  There are so many of those stock trades in an hour, many worth huge money, that such a tax would make hundreds of billions of dollars per year.  That would be good to help the poor, and good for education, healthcare and as a backup if the banks almost destroy the economy again. (Ordinary taxpayers paid the bill last time.) The good thing is, the rich pay the tax because mostly the rich trade stocks. The poor would get the benefits.

Simple idea. Social justice.

Here’s information: The Robin Hood Tax.

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November 22, 2014 Posted by | Uncategorized | Leave a comment