Fantastically small tax on fantastically huge banking profits would yield fantastically large public revenue for supporting the poor. This is a campaign from 2010. What happened to this discussion?
“Campaign video by Richard Curtis and Bill Nighy about the Robin Hood Tax, a tiny tax on bank transactions that could raise hundreds of billions for public services and to tackle poverty and climate change at home and around the world. Add your own voice to the campaign at http://www.robinhoodtax.org.uk This film was made with the support of the European Commission: http://ec.europa.eu/unitedkingdom/.”
“It’s estimated that derivatives trading is now worth $600 trillion — ten times more than the total economic output of the entire world. In fact, 92% of the world’s 500 largest companies use them to lower risk.” New York Times Jan 3rd 2013