:: 2013 update – http://robinhoodtax.org.uk/latest/dont-believe-hype-robin-hood-tax-alive-and-kicking ::
A rockin good idea. Sure not easy to roll out, and in danger of being ‘hijacked’ at some point, or see inflated overheads, but still a beautiful (and just) idea.
Go and vote YES 🙂
Why now?
Because the time is right.
From 2007 to present the world is suffering the greatest recession since World War I that is caused by a crash in the financial system. There is global agreement that we need to regulate finance so it cannot crash in the same way again, even if there are different views about how to do this. But the finance sector can – and should – make a proper tax contribution towards putting right the damage it caused and making the world a better, fairer, more sustainable place.
Computerisation of the finance sector has made a tax like this easy to implement. What’s more, it’s made it necessary – the very speed of today’s financial systems is a direct contributor to the surge in global trading. Nowadays, too much trading is done to make a quick profit, and not to serve the real economy. This high frequency trading has brought instability.
read more here http://robinhoodtax.org.au