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The banker - Robin Hood Tax

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Have you heard this idea about the Robin Hood bankers tax? Yes. It's a sweet little idea, taxing the banks to help the poor. But I... I don't think it will work, it's very complicated and it would be very tough on the banking sector. Which has just been given billions of pounds of taxpayer's money to keep it going. Well, yeah, of course. And is now paying itself billions of pounds in bonuses. Yes. So the tax is a charge on all bank transactions that don't include members of the public. Bonds, derivatives, currency... Speculative stuff, is that right? Yeah, something... like that, very complex. So the bankers would give, how much from each deal they do? 25%? No... not that much. 10%? No. 5%? No, not 5... More or less? Slightly... less. 1%? Not quite. Half of one percent? No. A tenth of a percent? Hmmm... No. Half of that? Give it a 0.05% of every deal? Mmm yeah, that sounds about right. Sometimes it'd be even less! That doesn't sound like a lot to most people. No, I can see that. And how much would it raise to help people at home and abroad? Oh, a fair amount, I believe. A million pounds a year? No, more than that. A hundred million pounds? Er... more. Five hundred million pounds? Ehm... well... A billion pounds? No, it's slightly more than that, I'm told. Ten billion pounds? More. Fifty billion pounds? Yeah.. that sounds about right. In fact, I believe it's likely to be more than a hundred billion pounds. Could be double of that? Could be more than double? Er... yeah, possibly. Right, so let me get this clear. A tiny tax on the banks could raise billions of pounds every year to help save lives in the poorest countries, fund crucial action against climate change around the world and help avoid cuts to crucial public services in this country. Gosh... well yeah, that is about the... sum of it. I don't know, perhaps it's... quite a good idea. The Robin Hood tax Turning a crisis for the banks into an opportunity for the world. A good idea? Vote now:

Video Details

Duration: 3 minutes and 25 seconds
Country: United Kingdom
Language: English
Views: 127
Posted by: granodearenal on Dec 4, 2011

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

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