Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor - FoxNews.com
As President Obama huddles with world leaders for the G-20 summit in South Korea to weigh proposals aimed at stabilizing the global economy, one idea being pushed is a so-called "Robin Hood tax," aimed at collecting money from rich nations to give to the poor.
The Robin Hood tax -- a global financial transaction fee that could raise hundreds of billions of dollars to pay the cost of the global financial crisis and support developing nations struggling to recover -- is not popular.
While Britain, France and Germany have championed a bank tax for all G-20 nations, finance chiefs from the industrialized nations shot down the idea at a previous summit held in Toronto last summer.
Still, the tax's supporters, which include unions, environmental groups, Comic Relief, UNICEF and others in a multinational coalition, say the tax could go to canceling debt from poor nations. Or it could be used for social programs to fight hunger, diseases such as HIV/AIDS and malaria or other causes, programs to which the United States and other nations already donate billions.
The crusaders -- a coalition of 183 organizations from 42 countries -- issued a plea this week urging leaders at the G-20 summit in South Korea to adopt the measure. While specifics have not been outlined, the idea would be to charge a small transaction fee, anywhere from 0.05 percent to 1 percent, on each stock transaction made.
We are om debt and they want us to give away more of OUR money.
idiocy. btw Robin Hood took money from greedy government scum bags and gave it back to the people who had been looted by government agents.
You've been reading too much Howard Pyle.btw Robin Hood took money from greedy government scum bags and gave it back to the people who had been looted by government agents.
You've been reading too much Howard Pyle.
As to the OP...I'm...tenuously interested. My chief concern would be to ensure the money gets where it needs to go. If we help bolster poorer nations, their recovery means better markets for our goods and services which in turn helps us.
Could you two explain you're thought processes that allowed you understand this proposal completely from one non-detailed article in just less than 30 minutes?
Coucilman, is Obama a socialist or a marxist? You're gettin' me confused.
And this tax is a stupid idea, but so is the G20 as a whole anyway.
Like it or not, our economy is global and if most of the rest of the world cant pay for what we have to offer then we're in trouble.We're going to pay them to buy our product? That makes zero sense.
Like it or not, our economy is global and if most of the rest of the world cant pay for what we have to offer then we're in trouble.
If we take money and invest it in developing and rebuilding countries in crisis, we put these countries into international economics and they become viable trading partners with the US. Think of it as an investment.
We are in debt and they want us to give away more of OUR money.
Coucilman, is Obama a socialist or a marxist? You're gettin' me confused.
And this tax is a stupid idea, but so is the G20 as a whole anyway.
Like it or not, our economy is global and if most of the rest of the world cant pay for what we have to offer then we're in trouble.
If we take money and invest it in developing and rebuilding countries in crisis, we put these countries into international economics and they become viable trading partners with the US. Think of it as an investment.
Coucilman, is Obama a socialist or a marxist? You're gettin' me confused.
And this tax is a stupid idea, but so is the G20 as a whole anyway.
You've been reading too much Howard Pyle.
As to the OP...I'm...tenuously interested. My chief concern would be to ensure the money gets where it needs to go. If we help bolster poorer nations, their recovery means better markets for our goods and services which in turn helps us.
We're going to pay them to buy our product? That makes zero sense.
You've been reading too much Howard Pyle.
As to the OP...I'm...tenuously interested. My chief concern would be to ensure the money gets where it needs to go. If we help bolster poorer nations, their recovery means better markets for our goods and services which in turn helps us.
We're going to pay them to buy our product? That makes zero sense.
How is it that you can't decides it's something you oppose in 30 Seconds or less?
This is a plan for global redistribution and I oppose redistribution in any form.
So what you are saying is do not know that these two are basically synonyms, and you can add Black Liberation Theology and I am not going to explain it again.
I will say this in a nut shell it's all variations of ways to use the stripping of all incentives to achieve wealth through forced redistribution, as are taxes, the main difference is the way you achieve the goal.
They are incompatible with our form of economics and in the case of Obama's Black Liberation Theology it's is Anti-American, Anti-Constitutional, Anti-Capitalistic, and Anti-White people.
Google, Socialism is the same as Marxism and read it for yourself and then watch these.
Then Google Black Liberation Theology is built on Marxism, and watch these videos and you will not have ask about this or why I say Obama is Anti-American, ever again. Hell you might be able to spot him doing things to promote his Theology in damn near everything he does. He's just so very good at making people think he's not doing what we see because he lies so well.
Errol Flynn is a better Robin Hood than Russell Crowe could ever hope to be.*Bump*
Anyone have ANYTHING constructive to contribute?
Jamesrage you're better than this, why did you thank this post. "Its crazy if you can't decide if you support something in less than 30 seconds." A "Google socialist Obama anti-American black liberatian marxist plot?"
Errol Flynn is a better Robin Hood than Russell Crowe could ever hope to be.
Don't blame me for any inability to read and comprehend English or watch a video and understand the language used it.
Yeah I guess your right.
Uh huh.
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