From the TUC

Even deficit hawks back a Robin Hood Tax

19 Oct 2011, by in Economics

Jeffrey Sachs, who may be reviewing his title of “personal adviser” to George Osborne in the light of the Fox-Werritty scandal, has written in the New Statesman to urge the Chancellor and the Prime Minister to back a Robin Hood Tax at the G20 summit in Cannes at the beginning of November. And to help join the campaign to persuade the USA to follow suit, rather than – as the UK is doing now – hiding behind the USA’s opposition (some leadership!).

Sachs, who supports the Government’s deficit reduction strategy, nevertheless welcomes the positive impact a Robin Hood Tax would have on the usefulness/efficiency of the financial sector, welcomes the opportunity it provides to increase funding for eradicating global poverty and tackling climate change. And he also supports the redictributive effect that a Robin Hood Tax would have, taking from the rich and giving to the poor.

One Response to Even deficit hawks back a Robin Hood Tax

  1. Pay less Tax » Even deficit hawks back a Robin Hood Tax | ToUChstone blog: A …
    Oct 19th 2011, 9:43 pm

    […] this link: Even deficit hawks back a Robin Hood Tax | ToUChstone blog: A … Related Posts:Robin Hood Tax: is there ever a wrong time to do the right thing … Owen Tudor […]

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