by Adam Gabbatt, The Guardian
Actor Mark Ruffalo and Rage Against the Machine’s Tom Morello have launched a new US campaign for a “Robin Hood tax”, a small levy on Wall Street transactions that organisers say could generate hundred of billions of dollars a year.
The campaign, backed by National Nurses United, the largest nursing union in the US, has already launched in 14 countries, including the UK, France and Germany.
Organisers of the campaign, which also features Coldplay singer Chris Martin, are calling for a tax of “less than half of 1%” on Wall Street transactions, which they say would not affect most Americans’ financial activity.
Adopting the 99% language of the Occupy movement, the campaign said the tax would “easy to enforce and tough to evade”.
“This is a tax on Wall Street, which created the greatest economic crisis in our nation and globally since the Great Depression,” a statement said on the movement’s website.
“The same people who have returned to record profits and bonuses while ordinary Americans, the 99%, continue to pay the price of their crisis.” [READ MORE]
Via Coffee Party USA