Robin Hood Tax
The Robin Hood Tax is an initiative to tax bankers and redistribute the wealth to those who are more needy
Author: Matthew Wittering | Published: 10th February 2010
The Robin Hood Tax is a grass root initiative here in the United Kingdom to tax bankers and redistribute the wealth to those who are more needy. The Robin Hood Tax is a tiny tax on bankers that would raise billions. This wealth could then be invested into project which could directly benefit those hardest hit by the recession.
By taking an average of 0.05% from speculative banking transactions, hundreds of billions of pounds would be raised every year.
By approving this new tax could be saved budgets for front line services like the NHS from the guillotine. Please watch the video below and consider reading about how it works.
Video 1: The Robin Hood Tax explanation, credit Robin Hood Tax.
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I am a graduate of Lougborough University where I read Computing and Management BSc (Hons) earning a 2:1 classification.