February 5, 2010

Ewan McGregor, Radiohead and Bill Nighy are the latest to join the campaign for a Robin Hood Tax on the financial sector.
McGregor and Radiohead created a Youtube video.
The movement has been growing since the credit crunch first hit, demanding that bankers and hedgies should repay the vast amounts plundered from the global economy. Off-Grid.net has been calling for a “Pay it Back tax.” A powerful new coalition of charities, trade unions and church groups argue that a Robin Hood tax could generate $700bn (£450bn) worldwide. The tax would see 0.05% levied on each bank and hedge fund trade ,ranging from shares to foreign exchange and derivatives, creating a cash pile to be spent on measures to combat domestic and international poverty as well as fight climate change.
The Guardian and comedian Bill Nighy have just released this video

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