As long as banks are not a social business the way that Dr. Muhammad Yunus defined it, people have to come up with creative alternatives:
As an anti-poverty campaign, it is more pragmatic than the economic theories of Tobin Tax definitions or the political demands of the Attac network.
Supported by a coalition of 48 organisations, the Robin Hood Tax campaign spells out what the income should be spent on.
The video is set to private until the launch which is set to 0.05am in parallel with the 0.05% tax that Robin Hood wants to take.
However, Mervyn King, the Governor of the Bank of England, dismissed the idea of a Tobin Tax only recently, according to the FT.
Of course, this tax doesn’t get to the root of all evils, but at least it’s bound to capture people’s imagination!