Call to action: #RobinHood global march on October 29

by Jerome Roos on October 23, 2011

Post image for Call to action: #RobinHood global march on October 29

On the eve of the G20 in France, let the people rise up and demand the imposition of a 1% #ROBINHOOD tax on all financial transactions and currency trades.

Adbusters, the Canadian anti-consumerist magazine that made the initial call for the occupation of Wall Street, is calling for another global day of action on Saturday, October 29. Here is an excerpt from their rallying cry:

This is a proposal for the general assemblies of the Occupy movement.

On October 29, on the eve of the G20 Leaders Summit in France, let’s the people of the world rise up and demand that our G20 leaders immediately impose a 1%#ROBINHOOD tax on all financial transactions and currency trades. Let’s send them a clear message: We want you to slow down some of that $1.3-trillion easy money that’s sloshing around the global casino each day – enough cash to fund every social program and environmental initiative in the world.

Take this idea to your local general assembly and join your comrades in the streets on October 29.

for the wild,
Culture Jammers HQ

Read the full article at Adbusters. For more information on the Robin Hood Tax, click here.

Image via Adbusters. Video via Robin Hood Tax.

{ 4 comments… read them below or add one }

Dave October 24, 2011 at 22:08

A previous incarnation of this idea was called the Tobin tax. It is not a bad idea, even though it will never happen because it only makes sense within a capitalist world and capitalists will never tolerate it. The best we can hope for is that more people will become enlightened to what capitalism and bourgeois democracy is when the two political parties dismiss it out of hand.

How about this instead: Outlaw speculation on real estate, foodstuffs, and petroleum immediately; shut down all the investment banks which trafficked in CDOs and then bought CDSs against the CDOs they issued; expropriate their capital (that is THEIR capital, not the investment of the poor fools who are their customers and got scammed by them) and use it to pay off the debt. If the sum is insufficient, then have the Treasury (not the Fed) print enough debt-free moneyto cover the balance. This punishes the guilty and protects the innocent. This won’t happen either, but it’s better than the Tobin tax which implicitly confers legitimacy on traders and speculators, and actually promotes capitalism.

I suggested this at OccupySeattle and people looked at me as though I were crazy…

Reply

Aneras Cascadia October 25, 2011 at 00:40

I’m just glad these global days of action keep happening. Each one is a chance to up the ante, and even if it is somewhat of a reformist demand I do agree with Dave that the inevitable outright rejection of it will show people the true heart of global capitalism. Solidarity to Seattle…we are holding it down here in Olympia and there has been talk of starting a “Cascadia Network” linking all the occupations

Reply

Olive October 26, 2011 at 20:23

Hi everyone,

I just checked the robin hood tax website (robinhoodtax.org) and even though it seems like a good idea, I kind of agree with Dave and Aneras Cascadia.

Besides, something bothered me on this website (www.robinhoodtax.org/latest/pope-endorses-robin-hood-tax)

Which I first read about on the world revolution for real democracy facebook page (www.facebook.com/WorldRevolutionNow)

This link : http://www.cnbc.com/id/45013499

I think that one World Bank is too dangerous in these days. Even more when the idea is coming from the Vatican.

Two opposite sides are supporting the same idea. What do you think of that?

Thanks,

Love from Lyon

Reply

Davey Bob October 30, 2011 at 07:13

Posted on Occupy Australia’s facebook page:

“I DO NOT support the Robin Hood Tax. The idea was originally created by James Tobin, who was on the Council of Economic Advisers and Board of Governors for the Federal Reserve. It has already been proposed at the G20 and supported in 2010. It will become another STEALTH TAX and all costs will be passed onto the public. It supports the United Nations (NWO Government) and will go back into the pockets of the Bankers.
I suggest the occupy movement do a LOT more research into WHO proposed this tax, which corporations will benefit and who will foot the bill.
If OCCUPY continue to support this tax I will be pulling out.”

Reply

Leave a Comment

{ 2 trackbacks }

Previous post:

Next post: