Today was a watershed moment in the campaign for a Robin Hood Tax: over a million actions have been taken demanding that banks pay their fair share to help those hit hardest by the financial crisis.
The Robin Hood Tax is an opportunity to hinder the irresponsible type of banking that caused the financial crisis and to raise essential funds to help fight poverty and climate change.
At Health Poverty Action, we know that across the world there are people who suffer poor health and even death because of weak health systems – a massive lack of doctors, nurses, clinics, and the resources required to provide even a basic level of affordable health care. If poor countries had more ongoing, predictable investment, the situation would be very different. With increased regular funding, governments could make long term investments in health systems. A Robin Hood Tax could provide such a long-term, well-planned source of funds.
That’s why Health Poverty Action got involved with the campaign, and we are delighted that it is now a million strong.
On Saturday 12 September, Europe’s Finance Ministers are meeting to discuss how strong they want to make their Robin Hood Tax and where they would spend the significant revenues it could raise. With billions on the line, the Million Strong actions are calling on these leaders to ensure that they seek an ambitious settlement that would help fund public services and the fight against poverty and climate change.
This million milestone proves that the momentum for a Robin Hood Tax continues to build – as European nations agree the details they must stand firm in the face of fierce lobbying from the banks and to push forward negotiations for the world’s most popular tax.
Right now, the UK government has set itself in opposition to this proposal that could raise billions of pounds a year for causes both at home and abroad. Much of the rest of Europe has committed to ensuring their financial sectors pay for damage done – we must do the same.