One way to reduce inequality is to actually tax people who have lots of money and won’t be harmed by contributing it to the public good.
This practical concept has been drafted into a very simple and accessible policy proposal by the British Robin Hood Tax campaign, which is, in their words:
“A tiny tax on bankers that would give billions to tackle poverty and climate change, here and abroad.”
The tax consists of a .05% tax on transactions between financial institutions that could raise hundreds of billions of dollars for social needs.
Check out the very funny campaign video below featuring Bill Nighy as a banker.
[x_video_embed no_container=”true”][/x_video_embed]