Can the Robin Hood tax raise $700 billion? Bill Nighy thinks so
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The Tobin tax or newly named Robin Hood tax looks like the best idea in the world. Tax those greedy bankers 0.05% on each bank trade ranging from shares to foreign exchange and derivatives and create a cash pile to be spent on measures to combat domestic and international poverty as well as fight climate change. A slick advertising campaign involving one of the UK’s top actors is likely to convince a lot of people, but is it possible? This feature from the Guardian is brilliant at explaining the pros and cons and includes the advert made to support the tax. As it’s almost half term, you could even let your pupils print out and wear the Robin Hood mask which they can download off the offical Robin Hood Tax website!
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