Remembering Martin Luther King: Rallying for the Robin Hood Tax

by Bill Barclay

Bill Barclay speaking at Chicago RHT rally

Bill Barclay speaking at Chicago RHT rally

April 4th was the Fiftieth anniversary of an event that we don’t like to remember: the assassination of Martin Luther King, Jr. But, it also offers the chance to honor and carry forward MLK’s thinking and goals, particularly the concerns with poverty and inequality that he articulated with increasing intensity in the last years of his life.

So, on April 4th there was a national mobilization around the Robin Hood Tax (RHT), the proposal for a very small tax on financial transactions in stocks, currencies, debt and derivatives, futures and options based on these financial claims. The RHT has two goals: raising a large amount of money to reconstruct the U.S. political economy in a way that serves most of the population and at, the same time, restricting or even eliminating some of the most destructive aspects of finance and financial activities by throwing a small amount of sand into the gears of always increasing and always going faster treading volumes.

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