12 Feb 2010

Goldman Sachs, Goldman Sachs, clicking in the votes?

With hindsight, perhaps it should have looked fishy from the start that the ­British public had decided to take sides with the Sheriff of Nottingham.

Campaigners for a "Robin Hood tax" watched with alarm as thousands of votes poured into their website, rejecting their proposal for a levy on City wheeler-dealing, to raise money to fight poverty and climate change.

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After a bit more investigation, though, the unlikely backlash against the rob-the-rich plan – almost 5,000 no votes against the Robin Hood tax within 20 minutes – turned out to emanate from just two computer servers, one of which was registered to the investment bank Goldman Sachs.

Supporters of a "Tobin tax", including churches, trade unions and charities, projected a giant slogan on the side of the Bank of England in Threadneedle Street earlier this week, urging the public to join the campaign for a small tax on every trade in financial markets, from share deals to foreign exchange transactions. They say this could raise tens of billions of pounds to tackle poverty and climate change abroad, and prevent savage public spending cuts at home as the government struggles to pay for the bank bailouts.

The Guardian - Link to video