The Robin Hood tax
There’s lots to be said about Copenhagen. One of the key points, however, is too seldom made — the fogs have gotten thinner. In particular, it is now obvious, at least to those who care to know: unless “we” come up with a fair and reliable source for the hundreds of billions of dollars a year that is going to be needed, not only for the climate transition, but also to invest in a lives and dignity of the poor, around the world, then we’re toast.
Fortunately, there are lots and lots of ways to source such funding, and one of the most straightforward, as this little film explains, is the tax formerly known as the “financial transactions” or “Tobin” tax.
But no more…