The U.S. Robin Hood Tax would set a 0.5% tax on the trading of stocks, 50 cents on every $100 of trades, and lesser rates on trading in bonds, derivatives and currencies in the U.S. It marks the return of a tax on financial transactions in place in this country during the years 1914 to 1966.
Some form of the financial tax is in place today in more than 40 countries. Who's behind it? We are Nobel Prize-winning economists, former US Vice Presidents and founders of Microsoft. We are Ronald Reagan's Budget Director, the UN's Secretary General and the Archbishop of Capetown.
We are union members, nurses, small business owners, community organizers, faith leaders, AIDS activists, environmentalists, movie stars and musicians, and we are part of a global movement of more than 220 million people in 25 countries who are fighting for a Robin Hood Tax - a small tax on Wall Street trades. We are a force to be reckoned with, and we are demanding justice.
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