Tiny tax on financial trades gains advocates

by Steven Greenhouse and Graham Bowley

Demonstrators in Nice, France, last month urged the leaders of the Group of 20 nations to do more to help the poor by means of the ‘Robin Hood’ tax — a tiny levy on trades in the financial markets that would take money from the banks and give it to the world’s poor.  Photo: Frederic Nebinger/Getty Images

They call it the Robin Hood tax — a tiny levy on trades in the financial markets that would take money from the banks and give it to the world’s poor.

And like the mythical hero of Sherwood Forest, it is beginning to capture the public’s imagination.