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Columnists

Big fish will have to share profits if leaders back Robin Hood Tax

I hear a helicopter flying outside my window as I write this. It's a reminder of how annoying it is to live under the upcoming G20's semi-militarized thumb.

But much as the G20 is a blight on Toronto-land, it is also our best global hope on the immediate horizon. I know that's a stretch. But while we gird for the typically depressing news when world leaders gather, there are bigger forces in play that just may deliver some unexpected small steps in the right direction.

For example, one supremely smart idea the expensively gathered could move toward endorsing would address the government debt crisis, the climate crisis and the outrageous blight of poverty in the developing world.

National Union of Public and General Employees
January 18, 2012 |
With Italy, France and Germany already in support, the U.K. is now the only centre-right government amongst Europe's five biggest economies not to back the tax.
Columnists

'What do banks actually DO?': Teach-in with Occupy Toronto

What do banks actually DO? Create credit out of thin air.

Were Canadian banks bailed out? Absolutely, to the tune of $200 billion. And they are still protected and subsidized more than any other sector of the economy.

What must be done with these banks? Tax them, control them, and ultimately take them back.

National Union of Public and General Employees
November 4, 2011 |
Advocates see progress during meeting as number of countries backing the Robin Hood Tax continues to grow. Canadians see need for more pressure on Harper government to join.
Columnists

Occupy movement mobilizes support for Robin Hood tax

We should all be giving thanks for the brave souls at Occupy Toronto and all the others around the world. They aren't just freezing their butts off and facing down all the demons of our time; they're turning the tide on the global conversation.

Listen for them at the G20 meeting in Cannes this week. Big players are echoing the Occupy demand for a new financial transaction tax because it's the most hopeful and holistic option on the table.

The simple truth is that we live in taxing times. Literally.

To keep the global economy moving, people have to spend money. That isn't going to happen, because, to understate the problem, our incomes aren't there and debt is tapped out. That leaves government spending.

Canadians for Tax Fairness
October 28, 2011 |
Tell Prime Minister Harper to take a stand that will be admired worldwide. Tell him to put the people before the speculators. Tell him to vote for Robin Hood.

Europe, G20 and financial transactions taxes

| October 16, 2011
National Union of Public and General Employees
July 4, 2011 |
Financial Transaction Tax (FTT) campaigners welcome support but emphasize that the revenues should be used to tackle poverty and climate change.
November 8, 2010 |
G20 leaders meeting in Seoul this week have been asked to listen to their people rather than the banks, and tax financial transactions fairly by supporting an international Financial Transaction Tax.
Ontario Public Service Employees Union
June 23, 2010 |
OPSEU members will be dressed in green t-shirts at the G20 rally on Saturday in support of a small tax on financial transactions which would bring in billions of dollars for the public good.
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