False Economy ran from 2010-2015. This site is no longer being updated, but the False Economy research team continue to report at Sentinel News.
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Robin Hood tax: it’s growing

One great idea. Seven days of campaigning. 35 countries. Thousands of green hats. Tens of thousands of conversations.

So passed another Robin Hood Tax Global Week of Action last week.

During that week, we watched world leaders come together at the G8 and European Summits to find solutions to the challenges our world is facing - from food security in Africa to growth in Europe.

And in the same period, we saw people from more than 30 countries come together to have the same conversation with one key difference - the people have a solution: a Robin Hood Tax. This tiny tax on the financial sector could generate hundreds of billions to address the very problems facing our leaders.

During the Global Week of Action, people from across the world did all they could to push this solution in front of world leaders, the media and ordinary people. The actions have been spectacular, bold and varied - from thousands of nurses dancing in Chicago, to people planting the Robin Hood Tax on Mount Fuji, to a Robin Hood themed wedding of Angela Merkel and Francois Hollande in Berlin.

And supporters from all corners of the UK have been donning green tights to show their support for Robin. Underlying all the fun was a serious message which came through loud and clear: 'Enough is enough. It's time for the financial sector to pay its fair share.' People know another world is possible - and this tax is one way to pay for it.

The extraordinary show of support for the Robin Hood Tax has taken us one step closer to making this brilliant idea become a reality. And politicians are beginning to listen. European Parliamentarians have just voted in favour of a Financial Transaction Tax with a thumping majority; the new French President, Francois Hollande, championed the idea at the G8 Summit, and EU leaders continued their discussions on a European Robin Hood Tax at a meeting in Brussels.

With austerity impacting communities across the world from Manchester to Malawi, it’s easy to see why people are rallying around a tiny tax on the banks to help the poorest at home and abroad. We know this campaign won't be easy, but we've come a long way already. And with displays of power like we’ve seen this week, we know we can win.

See the slideshow here or here:


See the Robin Hood site for more.


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