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Welcome to the Latest Member of the Robin Hood Tax Family: Ireland!

by rht4people
January 25, 2016
in Blog
0
Robin Hood Tax Ireland

As the finishing touches are put on the world’s first regional Robin Hood Tax/Financial Transaction Tax (FTT) across most of Europe’s major economies, there’s one small country that would have plenty of reasons to get on board: Ireland

With that in mind we’re excited to announce that Robin Hood Tax Ireland is launching this week! And it’s needed now more than ever.

The Irish banks have so far managed to avoid footing the bill for a crisis they helped cause. And as one of the European countries hardest hit by the banking crash, it’s been the Irish people who’ve paid the highest price:

  • Each Irish citizen is paying a debt of 9,000 Euro for the crisis, compared to the average 192 Euro per person across the continent;
  • Last year more than 30% of Irish people have been found to live in deprivation;
  • One in ten is at risk of food poverty.

This can’t go on.

So this Tuesday, campaigners from 40 different organisations across Ireland came together to demand an end to business as usual for the banks. Irish charities, trade unions, faith organisations, environmental groups are calling on their government to join the European Robin Hood Tax/FTT project.

And with great uncertainty in stock markets around the world, they know that the FTT/Robin Hood Tax would be a great way to curb the sort of speculative trading that caused the crash, as well as raising the much needed funds to invest into Irish society and its global commitments.

Respected think tank Nevin Economic Research Institute is estimating that the tax could raise about 320 to 360 million Euro each year for the Irish exchequer. The financial crisis and recession have left massive holes in the Irish public finances and this revenue could help solve a lot of the problems that the financial institutions in Ireland have helped create:

  • It could help repair badly diminished public services;
  • It could be used to invest in the transitions we need to mitigate and adapt to climate change as outlined in the Paris COP agreement in December;
  • It could help us honour our poverty reduction targets laid out in September’s Sustainable Development Goals. It could reinforce our international support for global equality. The Irish aid budget today stands at just 35 cents in every 100 euro, and is only halfway to meeting international commitments.

Elections in Ireland are looming and the campaign aims to put pressure on political parties to commit to implementing a Financial Transaction Tax/Robin Hood Tax when elected. The Irish Government has so far resisted opting into the European FTT, but with the backing of the likes of Germany, France – as well as over a million actions! – we need to keep the pressure up to make sure they know that it’s never been a better time to make sure the banks pay their fair share.

RHT Ireland’s website >>

Tags: EuropeFinancial Transaction TaxIreland
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NationalNursesNationalNursesUnited@NationalNurses·
23 Jun 2019

“Our movement is #MedicareForAll — not watered-down, we are not accepting anything less.

This is our moment.

This is our time.

We are rising.”

Martese Chism, RN, tells @ABC News that guaranteed health care for all is a civil rights issue. #thisweek https://t.co/zCIDLFSpUX

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NationalNursesNationalNursesUnited@NationalNurses·
16 Feb 2019

Get ready for the people’s #MedicareForAll movement like you’ve never seen it before!

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Fightfor15LAFight for $15 LA@Fightfor15LA·
14 Jan 2019

Los Angeles is turning out in force for our students and educators. Rain can't stop us. Billionaires can't stop us. Union busters can't stop us. We'll be fighting for as long as it takes! #FightFor15 #LAUSDStrike #UTLAStrong

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RashidaTlaibRashida Tlaib@RashidaTlaib·
6 Dec 2018

Gary Cohen, former CEO Goldman Sachs addressing new members of Congress today: "You guys are way over your head, you don't know how the game is played."

No Gary, YOU don't know what's coming - a revolutionary Congress that puts people over profits. https://t.co/ZLML2qzAW6

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AOCAlexandria Ocasio-Cortez@AOC·
6 Dec 2018

Our “bipartisan” Congressional orientation is cohosted by a corporate lobbyist group. Other members have quietly expressed to me their concern that this wasn’t told to us in advance.

Lobbyists are here. Goldman Sachs is here. Where‘s labor? Activists?Frontline community leaders?

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NNUBonnieBonnie Castillo@NNUBonnie·
6 Dec 2018

Vet @will_c_fischer explains PRIVATIZATION:

“It's a fancy way of saying we’re taking tax dollars out of the VA & putting it into the pockets of millionaires & billionaires"

It's up to us to defend the VA, USPS & more from being sold off to the highest bidder. #ThursdayThoughts

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democracynowDemocracy Now!@democracynow·
30 Nov 2018

Medicare for All: As Healthcare Costs Soar, Momentum Grows to Guarantee Healthcare for All Americans https://t.co/4KpxmRKHf7

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NNUBonnieBonnie Castillo@NNUBonnie·
30 Nov 2018

✅ FACT: Americans spend the most per person on health care, twice as much as other wealthy nations.

✅ FACT: The US ranks 64th in the world in life-expectancy.

🤔 How can both be true?

We have a for-profit health care system.

🤔 The solution?

Nurses say: #MedicareForAll!

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RobinHoodTaxRobin Hood Tax@RobinHoodTax·
28 Nov 2018

“Workplace organizing helps level inequality in wages and working conditions, and women and workers of color would benefit the most from unionization.”
#WednesdayWisdom

https://t.co/KpXW8mwxYd

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RobinHoodTaxRobin Hood Tax@RobinHoodTax·
27 Nov 2018

Corporations don’t need tax breaks.
👉🏼14,700 jobs are being cut by General Motors despite making billions in profit.
👉🏼Over the past decade, the company has received billions in tax breaks and subsidies from both Canada and the U.S.

https://t.co/91yrcs2kFA

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The Robin Hood Tax is a tiny financial transaction tax on Wall Street (less than one half of 1%) that could generate $300 billion annually. It will kickstart the economy by funding College For All, creating jobs, and strengthening public services like healthcare, education, and infrastructure at home — while tackling AIDS, global health, poverty, and climate challenges around the world.
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