Monday, February 15, 2010

Great video on taxing banks a tiny fraction to fund the government

While this is from a UK campaign, the premise is an excellent one: tax banks' speculative investments by a tiny bit in order to fund the government.

It's a great idea and long overdue, especially as income inequality is at its highest level since the 1920s and massive government budget deficits are hurting our economy (we're not investing in education nearly enough, as an example).

They call it the Robin Hood tax. I like it.

1 comment:

Carl Nyberg said...

I liked this video and linked to your blog entry at Ellen of the Tenth.