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Taxing Banks to Fight Climate Change: The Robin Hood Tax (Video)

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robin hood tax banks photo
Image credit: The Robin Hood Tax

The UK's top bankers may be using G-Wiz electric cars to get around these days, but that's not enough to make them popular. In fact there is as much public anger over bank bailouts in the UK as there is in the US. And while higher taxes may, in general, be a tough sell—taxing bank profits may be a little more palatable to your average man on the street. That's why activists are calling for a Robin Hood Tax on speculative banking transactions, and they want to use that money...Read the full story on TreeHugger