I dunno if this has been posted yet.

 

Major New Campaign for A Robin Hood Tax On Wall Street Launches in Boston & Cities Across U.S. with Celebrities, Economists and Activists

 

BOSTON, June 18, 2012 /PRNewswire via COMTEX/ -- June 19, 2012 12 noon Outside JP Morgan Securities, Inc# 1 Federal St., Boston

 

As JP Morgan Chief Dimon Testifies in Congress, Nationwide Rallies Call for Wall Street to Pay Fair Share Through Robin Hood Tax

 

Tax on Wall Street Transactions Could Raise Billions of Dollars for Health Care, Education, and to Address Global Poverty

 

In 16 cities across the country, including Boston, New York City, Washington, D.C., Chicago and Los Angeles, activists, including registered nurses from the nation's largest nurses union, will call for a Robin Hood Tax in the U.S., rallying outside JP Morgan Chase branches on Tuesday at noon.

 

Dozens of national organizations including Massachusetts Nurses Association/National Nurses United and Health GAP, celebrities including Mark Ruffalo, Rage Against the Machine's Tom Morello and Coldplay's Chris Martin, leading economists including Jeffrey Sachs, former JP Morgan and Goldman Sachs executives and global leaders such as Desmond Tutu have come together to form an unprecedented coalition, calling for a "Robin Hood Tax" on Wall Street.

 

The events are timed to coincide with another day of questioning by Congress of JP Morgan Chase's CEO, Jamie Dimon about his bank's massive trading loss and about the frenzy of speculative trading.

 

The Robin Hood Tax is a small sales tax, less than half of 1% -- or 50 cents per $100 on trading in stocks, and even smaller assessments on bonds, derivatives and currencies, that could raise billions of dollars in the U.S.

 

"Wall Street's reckless speculation and risky deals caused our economy's most devastating crash since the Great Depression, forcing millions of Americans to lose their jobs, their homes, and their pensions," said Karen Higgins, RN co-president of NNU and staff nurse at Boston Medical Center who will speak at the Boston event. "Three years later, Americans on Main Street still struggle to recover from a crisis we didn't create. This is the way to start to turn it around."

 

Mark Ruffalo, star of the current movie "The Avengers," releases a video on Tuesday calling on Americans to join the campaign. He was joined in the video by Chris Martin and Tom Morello.

 

The Robin Hood Tax is aimed at high-volume trading, which today makes up a majority of all trades. Experts say it will help place limits on the reckless short-term speculation that threatens financial stability -- as with JPMorgan Chase's losing bet of $3 billion recently. A Robin Hood Tax would also assist in curtailing speculation in essentials, such as food and fuel.

 

"In cities and towns across the country and around the globe, people are hurting," said Matt Kavanaugh of Health GAP. "Millions have been pushed into poverty, our social safety net has been shredded, and the winnable fights to end AIDS, food insecurity, and environmental destruction lack the resources to succeed. By adopting the Robin Hood Tax in America, we could go a long way towards solving our nation's, and our planet's, most pressing concerns."

 

Over 1,000 leading economists have endorsed the policy behind the Robin Hood Tax, including Nobel Laureate Joseph Stiglitz and Lawrence Mishel of the Economic Policy Institute. Some type of Robin Hood Tax is already in place in more than 40 countries.

 

For more information go to http://www.robinhoodtax.org .

 

Founded in 1903, the Massachusetts Nurses Association is the largest professional health care organization and the largest union of registered nurses in the Commonwealth of Massachusetts. Its 23,000 members advance the nursing profession by fostering high standards of nursing practice, promoting the economic and general welfare of nurses in the workplace, projecting a positive and realistic view of nursing, and by lobbying the Legislature and regulatory agencies on health care issues affecting nurses and the public. The MNA is also a founding member of National Nurses United, the largest national nurses union in the United States with more than 170,000 members from coast to coast.

 

SOURCE Massachusetts Nurses Association

 

link

Robin Hood

Check out our campaign video starring Mark Ruffalo, Chris Martin and more, explaining this great idea. Watch+share bit.ly/RobinHoodVid #RHT

Retweeted by Coldplay

 

[ame]www.youtube.com/watch?v=Bd_U2mnHqMU[/ame]

Robinhood Chris :dazzled:

 

"Are you sure this isn't illegal ?" :laugh3: And then he has trouble drawing the Robinhood hat :laugh3:

:wacky:

 

And VLV is a perfect song for their campaign!

It is! :nod:

 

& it's a nice initiative :)

^ I think it's, in theory, a good idea :nod:

 

 

And, OF COURSE, the project did NOT make me picture Chris in a Robinhood suit...:rolleyes:

 

How funny would that be ! :lol:

 

 

^:lol:

 

Why didn't they show a close-up of his dollar? I want to see what he drew :angry:

 

Edit: Ok I can see what he drew but I still want a close-up :angry:

Thinking about it, our former president pretty much had the same idea a few years ago :thinking:

And I think it's a quite old idea (in theory it's pretty simple), but governments have never agreed on actually doing it, and how, exactly. (the "how" is the big problem here)

^ I think it's, in theory, a good idea :nod:

 

 

And, OF COURSE, the project did NOT make me picture Chris in a Robinhood suit...:rolleyes:

 

How funny would that be ! :lol:

 

 

 

:blank:

 

 

:escaping:

^ohmygod this is awesome :wideeyed:

And a bit weird. :|

But mostly awesome :awesome:

Hmm it's a bit too political for my liking.

 

I think the charitable work they do with Oxfam and MTF is fantastic because it's real, achievable and somewhat independent of politics.

 

This might seem like a good idea, but in comparison it's fairytale stuff. The world is complicated, and unless you basically had every government in the world willing to implement this tax then it's going to be difficult.

 

To be fair Chris didn't seem to be hugely pushing it too much in the video, I wouldn't want him to become as political as Tom Morello!

 

But you have to love his constant humour "are you sure this isn't illegal?" :laugh3:

^As I said, it's nice in theory, but there are lots of things that need to be resolved for it to work.

 

First, since trade is international, they'd need many countries on board. Then, how to impose it to them ? The only institution that has such a power is the WTO, so they'd have to discuss the issue through that organization.

Then, where's the money going to go, exactly ? It would probably go to a fund (run by who? or do they get the IMF involved as well ?). And then, how would it be divided, and how can they guarantee it actually goes to healthcare, research, environmental-friendly programs... in the countries involved ?

 

Lots of questions that need to be discussed. And, also, it takes courage & determination from the governments.

This debate is pretty old already, and it comes back from time to time. It was going to be discussed just a few years ago during the G8/G20, but it got forgotten. I hope this campaign manages to put it back as an important subject in the discussions in G8/G20 and international institutions.

 

I think Chris got involved because he cares so much about people and he's enthusiastic. I don't really like when artists become too political either, but I like the fact that he tries to promote what he thinks is fair & right. And, honestly, we've got to such a critical point in our economy, our system, that this might actually be one of the few solutions left to make things a bit...righter than they are (and to bring money).

He doesn't push the political side of it far here, so I'm okay with it. And, also, as you said he brings his humour. A way to light up the mood, sort of, maybe ? Anyway he's adorable :wacky:

First, since trade is international, they'd need many countries on board. Then, how to impose it to them ? The only institution that has such a power is the WTO, so they'd have to discuss the issue through that organization.

Then, where's the money going to go, exactly ? It would probably go to a fund (run by who? or do they get the IMF involved as well ?). And then, how would it be divided, and how can they guarantee it actually goes to healthcare, research, environmental-friendly programs... in the countries involved ?

 

well, there was a point in the video which mentioned that we (and by "we" i mean citizens of the US :P) pay taxes on almost everything we buy, but there's no tax for Wall Street transactions. the way i see it, implementing the tax would be no different from implementing any other sales tax, and any of that money would just be collected by the government and distributed the same as the other tax money... and this would be, of course, at least in the US, since that is what the video is focusing on.

 

but to be honest, i don't really know too much about this sort of stuff. :P

^Oh, you're right. I don't see it being only restricted to one country, though. Anyway, those economists probably know what they're doing :P

"Wall Street" is rather US-specific, I'm not sure where you got the idea that this relates to the whole world? Would have liked to hear Chris talk about it more, but perhaps the advert was pressed for time.

^ Because when the last time this idea was brought up, it concerned the whole world, that's why I got that idea. And also, the fact that a British rock star participates in the campaign. But Chris is Chris, and, re-reading the article I get it that's it US specific.

I want dollar signed by Chris....

 

Also I really like this idea. It probally won't work unfortunately but I hope it does. Hopefully I start seeing a lot of vandalized dollars :)

June 20, 2012 - submitted by Patricia, United States of America

 

Q. Dear epic Oracle,

This video when Chris was signing his dollar bill, he asked if that was legal. I asked my dad if it was and he said it was illegal. So does that mean the whole Robin Hood tax thing is illegal? I'm glad that people want to make a difference but as Chris asked, "You sure this is legal?"

Love from New Jersey,

Patricia

 

 

The Oracle replies:

 

The Robin Hood Tax is legal (obviously) but defacing the dollar bill - or indeed currency in many countries including the U.K - is illegal.

It's symbolic to the campaign.

Somebody really should tell magicians...

^uh ohhhhhhh

 

 

^Oh, you're right. I don't see it being only restricted to one country, though. Anyway, those economists probably know what they're doing :P

 

i'm sure the ultimate goal would be to implement something like this in as many places as possible, but this particular campaign is for the United States at least. it's probably a bit easier to start with one country first. :P

Lol Chris is awkward.

theme of this picture ?

 

anyone knows the story of the picture ?

 

 

 

 

a crazy fan has asked for an autograph on dollar bill

(the fans demand autographs on all kind of objects )

 

or is about sells lot of Coldplay albums

 

but one of the songs talk about money is this song "Such A Rush"

 

[ame=http://www.youtube.com/watch?v=nJgF5pqaZ8Y&feature=related]Coldplay - Such A Rush - YouTube[/ame]

 

 

I hate kind of comment by people......:angry:

 

This was before Coldplay sold their souls to the club scene lol

anyone knows the story of the picture ?

 

 

 

Threads merged.

I wonder if anyone ever found the dollar Chris drew on. Probably not, or they just didn't release it.