Oct. 29 #RobinHood Global March
robinhoodtax.org
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ADBUSTERS TACTICAL BRIEFING #15
Alright you redeemers, rebels and radicals out there,
We're living through a magical moment … #OCCUPYWALLSTREET has catalyzed into an international insurgency for democracy … the mood at our assemblies is electric … people who go there are drawn into a Gandhian spirit of camaraderie and hope for a new kind of future. Across the globe the 99% are marching! You have inspired more than you know. People are digging into Act One of the long Spring.
Its now time to amp up the edgy theatrics … deviant pranks, subversive performances and playful détournements of all kinds. Open your insurrectionary imagination. Anything, from a bottom-up transformation of the global economy to changing the way we eat, the way we get around, the way we live, love and communicate … be the spark that sustains a global revolution of everyday life!
As the movement matures, lets consider a response to our critics. Lets occupy the core of our global system. Lets dethrone the greed that defines this new century. Lets work to define our first great demand.
OCTOBER 29 – #ROBINHOOD GLOBAL MARCH
This is a proposal for the general assemblies of the Occupy movement.
Eight years ago, on February 15, 2003, upwards of 15 million people in sixty countries marched together to stop President Bush from invading Iraq … a huge chunk of humanity lived for one day without dead time and glimpsed the power of a united people's movement. Now we have an opportunity to repeat that performance on an even larger scale.
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
occupywallstreet.org / 29october.net / occupytogether.org / Facebook / Twitter
PS. Check what's being said about the Occupy movement
- Democracy Now!: Hundreds of Thousands March Against Inequity, Big Banks
- Chris Hedges: A Movement Too Big to Fail
- Elliot Spitzer: "Occupy Wall Street Has Already Won"
- Matt Taibbi: Hit Bankers Where it Hurts
- Rose Ann DeMoro: Nurses to Obama: Push for a Global Financial Transaction Tax, Now!
940 comments on the article “Oct. 29 #RobinHood Global March”
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Anonymous
Thanks Michelle for that information.
But you did not mention that the UK stamp duty has an exemption for dealers at investment banks. 70% of share transactions are exempt from stamp duty! It is only the ordinary investor (Joe Public) that pays. That is the definition of a regressive tax.
In other words, there is no need for bankers to move offshore because they do not pay the UK stamp duty tax.
Hardly a good example to cite if you want to talk of a "tax on bankers".
Anonymous
Thanks Michelle for that information.
But you did not mention that the UK stamp duty has an exemption for dealers at investment banks. 70% of share transactions are exempt from stamp duty! It is only the ordinary investor (Joe Public) that pays. That is the definition of a regressive tax.
In other words, there is no need for bankers to move offshore because they do not pay the UK stamp duty tax.
Hardly a good example to cite if you want to talk of a "tax on bankers".
Anonymous
What sounds at first like a good idea will not work to the benefit of the 99%. When Sweden tried a financial transaction tax in 1984 all of the transactions moved to London. It would need to be global to work, and if there are any exemptions for bankers like with the UK Stamp Duty Tax, then how we can we dupe the public into saying that a Robin Hood Tax is a "tax on bankers"?
So Lord Turner supports it. And Warren Buffett. George Soros also. Are they are in the 99% or in the 1%?
There are arguments for a Robin Hood Tax, some good. But don't mislead people or it will come to bite later on. It would cause a lot of people to lose their job, not just City workers but people that support the industry such as shoe shiners, couriers, support services, etc.
A reduction in futures market liquidity would cause terrible hardship if farmers could not hedge their food crops in advance and had to raise prices to account for greater uncertainty and volatility.
Anonymous
What sounds at first like a good idea will not work to the benefit of the 99%. When Sweden tried a financial transaction tax in 1984 all of the transactions moved to London. It would need to be global to work, and if there are any exemptions for bankers like with the UK Stamp Duty Tax, then how we can we dupe the public into saying that a Robin Hood Tax is a "tax on bankers"?
So Lord Turner supports it. And Warren Buffett. George Soros also. Are they are in the 99% or in the 1%?
There are arguments for a Robin Hood Tax, some good. But don't mislead people or it will come to bite later on. It would cause a lot of people to lose their job, not just City workers but people that support the industry such as shoe shiners, couriers, support services, etc.
A reduction in futures market liquidity would cause terrible hardship if farmers could not hedge their food crops in advance and had to raise prices to account for greater uncertainty and volatility.
Anonymous
The best example of a financial transaction tax is the UK stamp duty tax, where there is an exemption for dealers at investment banks. 70% of share transactions are exempt from stamp duty! It is only the ordinary investor (Joe Public) that pays. That is the definition of a regressive tax. Do you not think Goldman Sachs and others will lobby for last minute exemptions once anything has been agreed in Congress or Parliament?
I expect the Robin Hood Tax would be the same as the UK Stamp Duty Tax - a tax on the general public to create a reserve for future bank bailouts. The 99% will pay for the 1%.
Sickening that OWS have been sold this idea when such a move will concentrate power in the hands of the banking system, not less.
Why do you think Goldman Sachs shareholder Warren Buffett support the idea?
Do you think George Soros "the Man Who Broke the Bank of England" also has noble intentions?
GET REAL.
NO MORE BAILOUTS FOR BANKERS.
Anonymous
The best example of a financial transaction tax is the UK stamp duty tax, where there is an exemption for dealers at investment banks. 70% of share transactions are exempt from stamp duty! It is only the ordinary investor (Joe Public) that pays. That is the definition of a regressive tax. Do you not think Goldman Sachs and others will lobby for last minute exemptions once anything has been agreed in Congress or Parliament?
I expect the Robin Hood Tax would be the same as the UK Stamp Duty Tax - a tax on the general public to create a reserve for future bank bailouts. The 99% will pay for the 1%.
Sickening that OWS have been sold this idea when such a move will concentrate power in the hands of the banking system, not less.
Why do you think Goldman Sachs shareholder Warren Buffett support the idea?
Do you think George Soros "the Man Who Broke the Bank of England" also has noble intentions?
GET REAL.
NO MORE BAILOUTS FOR BANKERS.
Anonymous
Every person should read the post above me. Especially this part:
"70% of share transactions are exempt from stamp duty! It is only the ordinary investor (Joe Public) that pays. That is the definition of a regressive tax. Do you not think Goldman Sachs and others will lobby for last minute exemptions once anything has been agreed in Congress?"
The globalists (rich) are pushing the Robin Hood Tax, not because they are charitable but for their own destructive agenda.
Anonymous
Every person should read the post above me. Especially this part:
"70% of share transactions are exempt from stamp duty! It is only the ordinary investor (Joe Public) that pays. That is the definition of a regressive tax. Do you not think Goldman Sachs and others will lobby for last minute exemptions once anything has been agreed in Congress?"
The globalists (rich) are pushing the Robin Hood Tax, not because they are charitable but for their own destructive agenda.
Anonymous
The US government sought to stop Gordon Brown encouraging the adoption of a Robin Hood Tax, (search in WikiLeaks) so, I don't agree with your assertion that this is something that the financial sector want, quite the contrary.
Anonymous
The US government sought to stop Gordon Brown encouraging the adoption of a Robin Hood Tax, (search in WikiLeaks) so, I don't agree with your assertion that this is something that the financial sector want, quite the contrary.
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