A thousand economists tell G20 and Bill Gates: ‘Time for a Robin Hood Tax’

A thousand economists have called on G20 governments to agree on reducing speculative short term financial operations

14.04.2011 |

1000 economists from 53 countries (covering 18 of the G20 countries) including "big names" Jeffrey Sachs, Dani Rodrik, Professor Ha Joon Chang from Cambridge and Christian Fauliau, a former World Bank senior economist, have called on the G20 governments to agree on a FFT, or Robin Hood Tax. The FFT aims at reducing speculative short term financial operations whilst bringing necessary public funding to compensate for the bail outs and reductions of social spending by governments.

Read the letter here

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