It has been noted that the US financial sector pays a rather low rate of taxes. Especially when you consider how obscenely profitable the banksters are, and how much public money they took to bail themselves out after blowing up the economy, and how much of their fellow Americans’ wealth they managed to blow up with their little shenanigans.

Thus, The Robin Hood Tax: A proposal for a miniscule 1/2 percent tax on financial transactions. Just a small token acknowledgement by the masters of finance that perhaps they could contribute a little bit more to the great country that has made them so filthy stinking rich.

Robin Hood is coming, and we mean business. And what better place to start than by paying a visit to JP Morgan Chase? The latest bank to have the spotlight shone on their reckless behavior that has hurt millions.

Who’s for it? Only a who’s who of the world’s top economists – more than 1,000 have signed on, including Nobel Laureate Joseph Stiglitz, Columbia University economist Jeffrey Sachs and Lawrence Mishel of the Economic Policy Institute.

Senator Bernie Sanders (I-VT) has introduced a bill in Congress. The European Commission has proposed one or the EU.

And our own David Brin has been a strong advocate for ages (see: The banksters need to pay their fair share: A Robin Hood Tax could save the world).

Here’s a great video put together by Rage Against the Machine’s Tom Morello, Chris Martin of Coldplay, and actor Mark Ruffalo:



The Robin Hood crew has rallies scheduled all across the country. Want to join the merry band? Here’s a partial list of cities:

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