The Banker

Campaign video by Richard Curtis and Bill Nighy, about the Robin Hood Tax, a tiny tax on bank transactions that could raise hundreds of billions for public services and to tackle poverty and climate change at home and around the world. Add your own voice to the campaign at http://www.robinhoodtax.org.uk

Category:

Nonprofits & Activism

Tags:

• ROBIN HOOD TAX
• Bill Nighy
• The Banker
• Financial Transaction Tax

[CaughtInTheBrambles]

I have a degree in Economics, I have worked in Investment Banking, I therefore understand the issues around this. My conclusion if the EU, US and the Far East countries adopted such a regime it would do two things. It would raise Billions (if not globally Trillions of GBP's, which would alleviate much public sector debt finance initiatives to counter Global Poverty and Climate Change and the banks would have nowhere to run to and avoid it.

The only objectors are the rich bankers.

[23lFrench]

@TheGenseric I am anti-racist and not anti-white. I don't judge anybody by race, it is not relevant.

[kinetic415]

@kinetic415 oops "point nought nought five."

[kinetic415]

@BFisichella .005%, as stated in the video - "nought, nought point five." = $5,000 L per M.

But I get the facetiousness, I agree - just subtract it before the bonus award shindig.

[hashishin666]

203 bankers don't like this idea.

[scannerman777]

lol.. Yeah right. The banks are struggling. ;0) good one! Here's the reason the Robin Hood Tax won't work: The cost will just be handed down to the consumer and it will be business as usual.

[xXfalken16Xx]

hold on... someone explain how adding taxes to the banks at a time when they're all struggling is a good idea? I mean i love the idea, don't get me wrong, any opportunity to ease suffering in the world is, you know, great... but mightn't it have been a bit more applicable around, say, 2000-2008? Before the banks started to be the ones needing charity? Am I wrong here? By the way... read this again in Bill Nighy's voice, you'll love it.

[BFisichella]

You people just don't understand! Do you not see!?! A bank having to pay £500 for every million, why, that's just ridiculous! Such a massive amount would destroy the economy, .05% !

/sarcasm

[jetli80]

damn davy jones squirming

[Trinitus231]

The rest of the world asks the banks "why u no share with ppl of the world?!" And the banks answer "Problem?....U MAD bro??"

[TheConnorian]

@CaughtInTheBrambles I have the same economic understanding. People don't realise how much money banks have. We know though that the politician who implements the tax on a proper scale first will be greatly remembered throughout history. Funnily enough I plan to be that man. Wish me luck in the cut throat game of politics.

[Todd198713]

(continued) Banks are demanding that this debt from derivatives trades (bets) -- equal to 10 times all of the money in the world -- be paid to the banks BEFORE feeding the hungry of the world, before providing help to the physically and mentally ill, before paving roads and fixing bridges, before paying cops and teachers and firefighters. That said, I do agree that greedy bankers would just find a way to pass on that small tax to the investor and the checking-account customer etc.