Hillariously funny and brilliant at the same time. This three minute campaign video by Richard Curtis and Bill Nighy, explains the idea of the Robin Hood Tax – a tiny tax on the financial sector that could raise hundreds of billions for public services and to tackle poverty and climate change in Britain and around the world – “Not complicated. Just brilliant”.
MORE ABOUT THE ROBIN HOOD TAX (from the robinhoodtax.org website)
“In a nutshell, the big idea behind the Robin Hood Tax is to generate billions of pounds – hopefully even hundreds of billions of pounds. That money will fight poverty in the UK and overseas. It will tackle climate change. And it will come from fairer taxation of the financial sector.
A tiny tax on the financial sector can generate £20 billion annually in the UK alone. That’s enough to protect schools and hospitals. Enough to stop massive cuts across the public sector. Enough to build new lives around the world – and to deal with the new climate challenges our world is facing.
So far, the UK banking bailout has cost £1.5 trillion. Or £31,250 for each and every taxpayer in the country. But the banks have already started to report record profits once again.
So it’s time for justice. It’s time for justice for ordinary families and businesses. For the one in five British families faced with a choice between buying food or paying the heating bill. For the 200 million people around the world forced into poverty by a financial crisis they did absolutely nothing to bring about.
The Robin Hood Tax is justice. The banks can afford it. The systems are in place to collect it. It won’t affect ordinary members of the public, their bank accounts or their savings. It’s fair, it’s timely, and it’s possible.
It is, in a nutshell, an idea for which the time has come.”
To find out more about how the Robinhood Tax works and add your voice to the campaign VISIT robinhoodtax.org