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I honestly had to read the announcement twice because my brain keeps trying to find a catch but the policy change is actually happening and I am just sitting here staring at my screen in total shock. Thank you for sticking with this because this win is entirely because people …

April 23, 2012

Scotland Backs The Robin Hood Tax

Scotland Backs The Robin Hood Tax

🏆 Won — 1,058 supporters Verified

Final supporters

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social b.
S
Someone
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monica w.
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P.T.Bradley
S
Someone
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david c.
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Ross C.
A
Agnes Y.
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graham w.
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David T.
+1,048 more
Started by Anonymous 14 years, 10 months ago

                                      

I support proposals for a new Financial Transactions Tax (FTT) and believe Scotland should send a clear and united message in support of the measure.

Branded the Robin Hood Tax by Oxfam and other campaigners, it would not affect retail banking like individuals' savings and mortgages. Instead it would target speculative trading on things like shares, bonds, foreign exchange and derivatives.

The recent economic crisis was triggered by the financial sector but has inflicted immense costs and hardships on ordinary citizens in both the developed and developing world. It is therefore time for those who caused the crisis to make a greater contribution to help safeguard livelihoods and lives, both at home and abroad.

A tax of this kind is the fairest available tool to generate the extra funds and I support the Robin Hood Tax campaign proposals which state these funds be used to tackle global poverty, climate change and to curb cuts to crucial public services. Estimates suggest in the UK alone an FTT could generate £20bn every year. Amid growing momentum, now is the time to make it a reality.

I support the European Commission President Jose Manuel Barroso who says the tax “will be the banks’ contribution to a fair society”. I support Germany, France and Spain – along with Brazil, South Africa and Argentina – who all want the creation of such a tax. I support the Pope, the Archbishop of Canterbury and even Bill Gates who also back an FTT. I believe the UK Coalition Government is increasingly isolated in its opposition; I urge them to change course.

It’s time to stand up and be counted; it’s time for new measures to ease the economic crisis; it’s time for the Robin Hood Tax. I support it and so should Scotland.

Updates

April 7, 2012

I just looked at the counter and realized we hit over one thousand signatures which feels absolutely surreal honestly. I was just sitting here drinking coffee and thinking about how fast this blew up beyond what I imagined at the kitchen table that first night.

Reached 1,000 supporters

April 4, 2012

March 24, 2012

I was just reading through the latest news on financial speculation while making coffee and it feels like the big banks are banking on us getting bored or distracted by something else. The amount of backroom talk about stalling this tax is honestly exhausting but seeing the names keep popping up on this list reminds me that we are still very much paying attention to where the money goes.

Reached 100 supporters

October 11, 2011

6 Comments

A
Alistair Hudson
14 years ago Featured

The gambling on the markets has to stop. It just hurts the vulnerable people who have nothing to do with it.

S
Sarah Todd
14 years ago Featured

MAKE THEM PAY

F
Fiona McBride
14 years ago Featured

Yes pls. Been waiting for this for years. Stop the speculation and fix the problems they caused.

C
Claire Gutierrez
14 years ago Featured

finally some justice. lets do this.

H
Hamish Sullivan
14 years ago Featured

About time these bankers paid their fair share. Tired of them taking everything while everyone else suffers.

G
Gordon Karimi
14 years ago Featured

This makes so much sense. Why should the people who crashed the economy get off scot free while the rest of us deal with the fallout?

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