Blog
With the passage in the U.S. Senate Monday of a new sales tax on internet purchasers, activists in the Robin Hood Tax Campaign today asked, “if we can tax the world wide web, why not the world wide banks?”
The Marketplace Fairness Act would target what the National Conference of State Legislatures estimates is $23.3 billion in lost sales tax revenue in 2012 for sales made on line rather than at brick and mortar stores.
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“Financial engineering,” marked by betting in financial markets, high-frequency trades and other forms of financial speculation, continues to play a very large role in the world economy, even after the financial crisis of 2008, when rampant speculation caused a crash and left communities the world over in ruins. Many in these communities have yet to see a real recovery.
A real recovery is the goal of the Robin Hood Tax,...
By Chuck Idelson
National Nurses United
First appeared in California Progress Report
They came, they danced, they marched, 2,000 people spirited and strong, Robin Hood's merry band of men and women, through the streets of Washington April 20.
Ending up...
The Resolution now before the New York City Council reads, in part: “In these continued difficult economic times when city and state budgets are cutting back on vital services, this tax (sometimes referred to as a Robin Hood Tax) would raise an estimated $350 Billion annually,”
Council Members Jumaane Williams and Stephen Levin announced the Resolution on the steps of City Hall, with explicit support for the Inclusive Prosperity Act...
