0.05%: The BIG Story behind a LITTLE Tax

Tell World Leaders: Tax Banks, Tackle Climate Change: http://www.350.org/ftt

#Change_of_Art returns with a new animation that tells the story of a tiny tax with big potential. Some call it the Robin Hood Tax, others call it the Financial Transaction Tax, others call it a really good idea. This tiny tax could take $400,000,000,000 out of the pockets of the bankers who got rich by crashing the economy and use that money to stop domestic service cuts and help the people who are suffering the most from climate change, and who did the least to cause it. This amazing 0.05% tax also helps stabilize the economy by preventing high speed trading (done mostly by computers all on their own). Sign the petition and help us make this piece of common sense into a common practice: http://www.350.org/ftt

Art by #Change_of_Art (http://twitter.com/change_of_art)
Music by Supergood (www.supergood.org)
Equipment by Kamikaaz.Corp (www.kristofvidal.com)
Support by Bunker (www.bunkerfilms.com)

• Category

  Nonprofits & Activism

[Sorazodia]

donations or fundraising to help make the change to renewable energy

[jffryh]

what do you mean donations?

[Sorazodia]

Donations? :D

[jffryh]

another alt to carbon tax might be to tax economic activities other than fossil carbon energy and use revenue to subsidize carbon energy substitutes (wind, solar, nuclear). To reduce carbon emmissions by this method would require, i guess, several dozen times greater amount of increased tax on non-poluting activity to get equivalent amount of carbon reduction as would a tax directly on carbon.

[jffryh]

alternative to carbon tax was cap-and-trade. if done right, with auctioning carbon permits to highest bidder, it is economically equivalent to carbon tax. if not auction, then you give limited carbon permits free to poluters; that would be corporate welfare. maybe worth it, if such bribes to businesses could serve to quiet buisinesses' warming denial campains. still equivalent to a carbon tax only with revenue going to poluters rather than to, say, social security.

[Sorazodia]

That may be true but...there should be a better way to reduce carbon then taxing

[Sorazodia]

I belive we can will make it without pain

we can't go with death but if we go with pain, it can ended up like the beinning of WW2, good(a better earth) was broght through pain ("hurting" the oil co., etc.) and the one that suffer build up hated/rage that led to them revolting and causing a war.

We need to tell and charge the heart of the big oil/oil co.s and other organizions (like the US chamber) so they can put Earth before money or this can happen again

[ArmyFtBall]

The new tax will slice & dice your pension funds. Everytime the entities that control your pension funds move to a different investment, YOU will be paying the tax indirectly. It's a death by papercuts. Do the math. See for yourself. It's YOUR pension fund.

A paper cut is "LITTLE".

Hundreds of paper cuts will kill you.

It was just a paper cut!

It was just little!

[Aamabeast]

genius



[jffryh]

"dangers of promising something for nothing. Many supporters of the current cap-and-trade legislation work hard to avoid the fundamental truth about cap-and-trade, namely that—like a carbon tax—it reduces pollution by making polluting expensive."