There is growing support for the idea of a tax on financial speculation. A tax of less than a tenth of one percent on every financial transaction would have little effect on share trading or currency movements. However to those who use high powered computers to make thousands of automatic trades each second, a fraction of one percent tax will add up very quickly. It’s like a really cheap GST, but not just for goods and services AND financial instruments. In the UK the campaign is called the Robin Hood Tax, and they’ve released this humourous video to explain it:
