1% #ROBINHOOD TAX
Last night the Occupy Sydney General Assembly made a consensus decision to back the global call for a 1% Tax on commodity and currency trades.
“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.”
All occupiers and supporters of the occupy movement are encouraged to promote the following as much as possible:
THIS SAT 22 – MASSIVE RALLY – HIGH NOON – TOP OF MARTIN PLACE
NEXT SAT 29 – GLOBAL #ROBINHOOD TAX RALLY
more details to follow.
www.occupysydney.org.au
#occupysydney
#ROBINHOOD
@occupysydneyGA
@occupysydmedia
youtube.com/occupysydneymedia
livestream.com/occupysydneyHQ
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25 Responses to “Day 06: THEY WANTED A CLEAR MESSAGE”
Bloody awesome idea! Imagine how much could be raised in just a day to go to so many great projects.
http://www.liveleak.com/view?i=db1_1319077835
Oops wrong link, sorry. http://www.youtube.com/watch?v=a15OMRa9Kw0
Yes my children rise up from adbusters soon the marx revolution will be complete no government will have democracy only gracchs! Lol thw world is mine my news paper brings the truth with my excessive cannabis use!
I have received.the.orders from the.gamera guild soros has asked us for.total allegence to the club of rome! We are sparta MARCH MAAAARCH!
valid criticism in the form of ridiculous sarcasm. respone: We’re not just doing whatever the other occupy movement are doing. we’re building our own way of doing things together. we happened to think it wasn’t a bad idea.
i’d love to hear you actually rationally explain why it’s a dumb idea.
feel free to come down and have a discussion with us. host a workshop and let us know why we’re misguided and hear what our concerns are.
Would love to see some more info about the tax if anyone has some good links. Otherwise time to break out the Google-fu.
I live in the bush so cannot join you. However you have my appreciation and best wishes. Thanks for being there.
Thanks for suport from regional Australia. We hope for improved access to services and healthcare for those living in country.
You can hear a streaming 18 minute ABC Radio National mp3 documentary on Robin Hood tax at http://OccupyAustralia.info (or download the mp3 or read the transcript).
I couldn’t find any where to share links but here is one from Lemony Snicket, observations about the occupy wall St movement
http://occupywriters.com/by-lemony-snicket
1% tax on FX and commodity transactions? Awesome make basic food stuffs and international trade more expensive for everyone.
Meanwhile every goldman sachs financier is jumping with glee as they reap in the cash helping everyone exploit every loophole in the system.
Sounds fair to me. If I have to pay 3% “motor vehicle registration duty” (read sales tax) everytime I buy a car and transfer the rego in NSW, I don’t see the great impost of a 1% tax on an activity that actually makes the participant money.
Greed: The word itself has become central to the political debate over the budget, taxes, union benefits, what constitutes ethical behavior, and the shape of our society. The problem is the indiscriminate use of the word has blurred its meaning.
Many use the word as an epitaph against the successful, as epitomized by US Sen. Bernie Sanders: “When is enough enough?” he asked in his impassioned plea for raising tax rates “on the rich.”
Greed implies a negative sum game.
By contrast, enterprise implies a positive sum game. Those who achieve their goals through enterprise contribute to the wealth and opportunities, incomes and living standards of others.
Google’s founders realized their wealth through the hard work and creativity necessary to transform their vision of making all of the content on the web easily accessible for free into reality. In the process, they have created a company with a market value of $200 billion and enriched the lives of not only their employees, but also millions of people who use their search engine every day. They have earned our praise and honor. Their wealth is a just reward for their virtue.
Knowing the difference between greed and enterprise empowers us to distinguish clearly between those who achieve wealth through theft and deception, such as Bernie Madoff, the perpetrator of the largest Ponzi scheme in history, and those who achieve their wealth by expanding the opportunities of others, including those who are successful in their chosen profession or field of play.
It is also consistent with the observation that greed is demonstrably bad for capitalism. The fraud and deception – e.g. greed – associated with the collapse of WorldCom and Enron in 2001, for example, were associated with a sharp decline in the stock market as investors began to question the integrity of financial statements in general.
With this distinction, we also can see that politicians too can be greedy – if not for money through corruption, then for the power to impose their will through the coercive power of the state. Taxes, rules and regulations, corporate bailouts, subsidies, protection from competitors and transfer payments are all one-sided exchanges and when excessive, reduce the wealth of our society.
Finally, this distinction warns that enterprise can morph into greed. Sometimes the desire for success or wealth can cause us to cheat, whether it be an athlete who uses performance-enhancing drugs or an executive who uses accounting tricks to overstate short-term earnings in order to increase his bonus. Companies that use political connections as part of a strategy to cripple their current or potential competitors can also be considered greedy because their success is now at the expense of customers in that market.
To the protesters: Test the distinction between greed and enterprise by substituting the word “enterprise” for “greed”.
Negative wealth destroying taxation is theft and leads to further corruption, embezzlement, fixing and so on. And isn’t that what you are against?
So stand up for Enterprise, hard work and commitment; the elements required to achieve extraordinary success. The very things that make us human.
WRONG WRONG WRONG WRONG WRONG WRONG WRONG
IT IS ***NOT*** 1%
IT IS 0.05% !!!!!!!!!!!!!!!!!!!!!!!!!!!!
Read the Adbusters page
http://www.adbusters.org/campaigns/actions/robin-hood-tax.html
“A European Commission paper drawn up this year suggested that a tax of 0.1 per ecnt on stocks and bonds, coupled with a 0.01 per cent levy on derivatives deals, could raise between €31 billion and €50 billion each year.”
http://www.newstatesman.com/blogs/the-staggers/2011/08/tax-european-financial
Or listen to the audio I KEEP POINTING TO IN TWEETS BUT OBVIOUSLY IS BEING IGNORED http://ShareSydney.info
The very online petition that Adbusters asks us to sign
lists three possible taxes under the Robin Hood Umbrella:
The Financial Activities Tax (FAT)
A Bank Levy
“A Financial Transaction Tax (FTT)
The best of the lot. A tiny tax of about 0.05% on transactions like stocks, bonds, foreign currency and derivatives. Could raise £250 billion a year globally. Well-tested, cheap to implement and hard to avoid.”
http://robinhoodtax.org/how-it-works/everything-you-need-to-know
Adbusters started OWS and they say 0.05% not 1%
“Take from the rich, give to the poor: the concept has been around for a long time, but it’s now gaining new legs in the form of the Robin Hood Tax. The tax would take approximately 0.05% from currency exchanges and speculative banking transactions, forcing those who caused the financial crisis to pay for it.”
http://www.adbusters.org/campaigns/actions/robin-hood-tax.html
EU suggests 0.11% (nowhere near 1%)
“A European Commission paper drawn up this year suggested that a tax of 0.1 percent on stocks and bonds, coupled with a 0.01 per cent levy on derivatives deals, could raise between €31 billion and €50 billion each year.”
http://www.newstatesman.com/blogs/the-staggers/2011/08/tax-european-financial
Money, or collecting it isn’t the problem. Talk to the right ppl, or apply at the right times and good causes get money. It is there and ppl are willing to give it. The problem(s) is/are the leaks, commissions, insurances, indulgences, “expenses”, etc that turn a million dollar donation into a $5000 well in Sudan or $10000 classroom Laos. Society needs to change. Parents need to morally educate and intellectually “load” their children to ask the right questions and question those they think might be doing wrong. For this to happen we all need to be slower to condemn and quicker to share.
@Andy So right. More than anything we need TRANSPARENCY TRANSPARENCY TRANSPARENCY. Even within seemingly benevolent projects such as whitefellas profiting from “helping” blackfellas.
eg from August 2009
“The $672 million Strategic Indigenous Housing and Infrastructure Program (SHIHIP)hasn’t delivered a single house since it was announced in April last year.”
Tuesday 4th August
The future of the Northern Territory Government was in doubt when
the Minister for Indigenous Policy Alison Anderson carried out her threat to quit the party.
http://www.abc.net.au/pm/content/2008/s2646010.htm
Friday 7th August
The Arnhem Land Indigenous leader Galarrwuy Yunupingu has declared
governments irrelevant when it comes to improving housing in Indigenous communities.
http://www.abc.net.au/pm/content/2008/s2649689.htm
Friday 14th August
Jerry Wood An Independent sided with Labour thus allowing them to stay in power after a no-confidence vote.
http://www.abc.net.au/worldtoday/content/2009/s2656050.htm
Wednesday 19th August
Govt can’t deliver Indigenous housing, says axed manager.
http://www.abc.net.au/worldtoday/content/2009/s2660520.htm
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