Oct 19 2011

Adbusters Proposes a ‘Robin Hood Tax’ on Financial Transactions

The movement that Chris Hedges has dubbed “too big to fail,” manifesting itself in cities across the globe, was sparked by a call to action this summer by Adbusters magazine. Adbusters, based in Canada, is a non-profit anti-consumerist publication that for over 20 years has spoofed popular advertizing, and is known for launching campaigns like the annual “Buy Nothing Day” each post-Thanksgiving. On July 13th 2011, Adbusters made a call to Occupy Wall Street, saying “[o]n September 17, we want to see 20,000 people flood into lower Manhattan, set up tents, kitchens, peaceful barricades and occupy Wall Street for a few months. Once there, we shall incessantly repeat one simple demand in a plurality of voices.” Now, over a month after the Occupy Wall Street protests are in full swing and have spawned hundreds of similar Occupy encampments around the world, Adbusters has proposed a single demand in a second statement released on Monday October 17th that they would like activists to consider supporting: “[o]n October 29, on the eve of the G20 Leaders Summit in France, let’s the people of the world rise up and demand that our G20 leaders immediately impose a 1% ROBINHOOD tax on all financial transactions and currency trades.”

GUEST: Micah White, senior editor at Adbusters Magazine

Read the July 13th Adbusters call here: http://www.adbusters.org/blogs/adbusters-blog/occupywallstreet.html

Read the October 17th Adbusters call here: http://www.adbusters.org/blogs/adbusters-blog/robinhood.html

3 responses so far

3 Responses to “Adbusters Proposes a ‘Robin Hood Tax’ on Financial Transactions”

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