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Thread: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

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    Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    We are in debt and they want us to give away more of OUR money.


    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.
    Last edited by jamesrage; 11-11-10 at 12:47 AM.
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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    Its just a proposal so far, and it wasn't suggested by Obama. And the US is under no obligation to agree to it even if the majority of G-20 members do, which they won't because no one wants their budget involved in international treaty.

    So if it becomes a real issue, then I'd be a little worried, but all kinds of crazy things get proposed at these kind of conferences. Just because something is proposed doesn't mean it has any real merit.

    Heck the proposer, which FOX fails to name, which seems like an important detail to me, may be just doing it to score political points at home. Who knows? And thats the real question, who is proposing it and a why, in a reasonable analysis, are they proposing it.

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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    Quote Originally Posted by jamesrage View Post
    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.



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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    Quote Originally Posted by TurtleDude View Post
    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.
    I was going to say almost exactly the same thing.

    It's one thing to take from a Tyrant and give to the needy and another to have a Tyrant take from the average Joe and give to the foolish people of the world who don't operate under a system the allows and encourages wealth in it's core belief systems.

    I think if they want help they have to change completely and reject Socialism/Marxism.

    Obama would like to finish his collapse or our system and spread his Socialism/Marxism world wide.

    Sorry to report that system is a great system if you want everyone who isn't in charge to live like they do in third world Nations.

    Robin Hood my ass this is forced participation with no chance at any worthwhile return unless the rest of the world changes.

    NOT US our system works fine as long as the Liberals/Socialist/Marxists, like Obama, other idiots, crooks and Rinos like McCain, Schwarzenegger stay out of the way.

    Sharity begins at home PERIOD, and we already give away a hell of lot more than any other Nation in History ever hoped to. Enough is enough.
    Last edited by Councilman; 11-11-10 at 01:16 AM.

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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    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?

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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    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.
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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    The article isn't detailed enough on the nature of the proposal to give an opinion at all really.

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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    This article gives a few more details.
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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    Quote Originally Posted by TurtleDude View Post
    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.
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    Re: Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

    Quote Originally Posted by Hoplite View Post
    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.
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