Packing my bags to depart the G20 in Cannes, I leave with a sense both of what might have been but also inspiring memories and a real hope that the battle for a 'Robin Hood tax' on financial transactions might still be won.
Let's take first what might have been. As expected, Bill Gates presented an excellent report calling for a 'Robin Hood tax' on financial transactions to raise much-needed money for poor countries struggling to cope with the economic crisis and climate change. But the fact his report was published at the same time as the Greek president addressed the world about his country's problems was sadly symbolic of a summit whose attention was trained on Athens at the expense of Accra and Addis Ababa.
With a day still to go this might still change - President Sarkozy's decision to raise the issue of the financial transaction tax during his press conference with President Obama, shows he has not yet given up hope. Germany, Brazil and Argentina also spoke out strongly in favour raising the prospect of a coalition of willing countries that goes beyond Europe's borders. And the
events of recent days, with Mr Gates' call being supported by G20 members from France to Argentina and by senior figures from the Archbishop of Canterbury to Jeff Sachs, shows that momentum is building behind an idea whose time has come.
One of the advantages of being a well-known figure is that it grants me the opportunity to speak in the media on behalf of others. So I spent much of the day bouncing back and forth between the day-glo green windowless bunker where most of the print journalists are housed, and the fifth floor roof terrace where rather windswept interviews took place with a view of Cannes' rather lovely seafront.
But while the media appearances are necessary and valuable, it is the determination of
extraordinary members of the public from around the world that convinces me that this is a fight that can be won. As leaders meet, in Cannes, thousands of nurses are marching in New York to try to convince President Obama to put the interests of Maine Street ahead of the titans of Wall Street. I was lucky enough to meet some representatives of nurses from the US countries around the world who like me, had come to Cannes to continue the campaign.
These are the people who look after the sick who see firsthand the impact the economic crisis both in the richest nation in the world and some of the poorest. As one nurse said: "We're trying to embarrass our politicians into acting in interests of people, like we do every day."
In poor countries, the austerity caused by the financial crisis is literally a matter of life and
death for millions of people who are hungry or who rely on aid to provide their medicines or keep the nearest clinic open. I was impressed by Tim Noonan of the International Trade Union Congress who went straight to the heart of the argument. "Government's should have a contract with their people, not with the banks," he said. When you strip away the technical arguments about derivatives, high frequency trading and credit default swaps, it really is simple: a tiny tax on some of the richest people in the world that could raise billions to help the poorest.
The Greek tragedy may have stalled progress towards a 'Robin Hood Tax'. But my feeling is that the Sheriff of Nottingham's days are numbered.
http://www.youtube.com/watch?v=MyqyOSReBN8
Oxfam works with others to overcome poverty and suffering.
Simon Chouffot: Robin Hood Tax: Osborne Shows Us He is on the Side of the Sheriff of Nottingham
Bill Nighy - Wikipedia, the free encyclopedia
Bill Nighy info - fan site for British actor Bill Nighy
Bill Nighy: From 'Love Actually' To 'Page Eight' : NPR
G-20 major economies - Wikipedia, the free encyclopedia
"Robin Hood tax" gaining support at G20
US influence at G20 not diminshed, White House says
G20 Hope to Move Beyond Greek Crisis
Greek referendum overshadows G20 meeting
Sarkozy Optimistic At G20 On Global Transaction Tax Amid Occupy Wall Street ...
http://www.economist.com/blogs/babbage/2011/11/artificial-intelligence
What's the relevance to the Robin Hood Tax you may well ask? Well, robots work hard but they don't pay taxes and they don't consume countless things. They don't take to the streets in protest either.
Jim
Brown wrecked the pension system in this country with a two pronged attack, pillaging the funds of private pension providers and taking on hundreds of thousands of public sector workers whose pension provision becomes ever less affordable unless measures are put in place.
He also busied himself by removing the previous effective controls on banking, replacing them with his ludicrous triumvire (of which the FSA remains the worst example) and encouraged a credit boom for no other reason than to generate tax revenue which he then squandered like a drunken sailor.
These minor matters appear to have passed Nighy by, it would appear that having played a politician or two he feels that this qualifies him to give us the benefit of his opinion. I suggest he sticks to playing politicians with a provided script and thumping the tub for Oxfam (a charity which has embraced some unfortunate practices) Your celebrity does not confer economic literacy.
Since you are evidently a right thinking and "serious" economic analyst, would you mind giving us your prescription for the economic ills that afflict us all at present?
Thanks in anticipation,
Jim
Or you could be right and he's just another self-important movie star who gets an all-expense- paid vacation to a global economic conference on the sexy French Riviera so the finance ministers and central bank governors from the world's 20 major economies can get their picture taken with Davy Jones.
But in any case, he's a celebrity and we are not. His opinion, either fairly or unfairly, will always be heard and taken more seriously than yours or mine.
I'm rapidly coming to the conclusion that lack of technological literacy amongst our glorious leaders is more to the point. With a bit of imagination they could easily find out about people's opinions, and reinstate government of the people, by the people, for the people:
http://econnexus.org/what-if-the-globe-wasnt-governed-by-politicians-and-bankers/
Alternatively, maybe they enjoy those all-expenses-paid trips to global economic conferences too much?
Jim
What do you propose UK do to bring in money? Print enough Big Issues for its OAPs and formerly employed to sell?
Not gonna happen Bill... The US is wayyyyy too conservative to consent to this... We're already donating much of our paychecks to overseas NGO's and charities (studies show Americans are amongst some of most generous people in the world)...
A robin hood tax is "taxation without representation.:
Something I thought you Brits would have learned a couple hundred years ago :P
Even closer to home in Europe ,the reason why Greece is going tits up isn't due to a lack of money (EU AID) but rather simply because the whole country is corrupt and they haven't done anything with the money they have received other than have a bloody good time.
In the UK, the past 13 years of a labour government has installed into the peoples mindset that work is bad and benefits are good. Which is so many idiots are camped outside St Pauls wanting to rob those who work for living in which to allow them to have a good time.
When I see, the do-gooders out there, handing over 80% of everything they ahve to people less well off than them, then maybe ,just maybe I may support their case.
Ten of the G20 nations have said "no" to the FTT: the US, Canada, Mexico, the UK, Australia, China, India, Russia, Saudi Arabia, South Korea,
Two more countries, Argentina and Brazil, will only support the FTT if it’s implemented world-wide, including Switzerland, Hong Kong and Singapore, all of whom have said that they will not introduce any new transaction fees or taxes into their system.
That leaves only 8 of the G20 nations in full support of the FTT.
Please. Stop this nonsense. Robin Hood tax? That's right. The US doesn't waste enough money in foreign countries. We'll just create another regressive tax to waste even more. Nobody, in any of these countries (including the US) wants to take any individual responsibility anymore. Let's just take it from those who have it.
Let's put more of the richest folks' skin in the game.
inheritance Estate taxes at 90%.
Sorry I stepped on your Gucci loafers.
Well, the 20 PPE students are flying home after their jaunt to the South of France, and they've delivered their verdict:
http://econnexus.org/g20-pr3
It looks to me suspiciously like the good old two fingered salute to both Robin Hood and the United Nations. Or having been there on the ground you discern some movement invisible to those of us over here in South West England?
Thanks for all your efforts on the behalf of the rest of us.
Cheers,
Jim
Prove your claim. Provide your source here. I'll be waiting with, oh, never mind. Not going to waste my time.