The Robin Hood Tax War on Want launched the first UK campaign - TopicsExpress

The Robin Hood Tax War on Want launched the first UK campaign for a Robin Hood tax (technically named the Tobin Tax after economist James Tobin) on foreign currency transactions in the wake of the East Asian financial crisis of 1997-98. Millions of people in Indonesia, Thailand, South Korea and the Philippines lost their jobs and their livelihoods as foreign currency speculators withdrew their money from Asian economies almost overnight. A Tobin Tax would stem the rapid flow of hot money in and out of currencies, bringing stability so as to prevent a recurrence of the chaos caused in the East Asian crisis. This film was produced as part of War on Wants original Tobin Tax campaign, showing what happens when currency speculators prey on developing economies. waronwant.org/

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