Archbishop of Canterbury Endorses Tax on Bankers – NYTimes.com

I love the idea of a Robin Hood Tax!!

“There is still a powerful sense around — fair or not — of a whole society paying for the errors and irresponsibility of bankers; of messages not getting through; of impatience with a return to ‘business as usual’ — represented by still soaring bonuses and little visible change in banking practices,” he said in an article published in The Financial Times.

With the Church of England’s leadership in a crisis over its handling of the protesters, the archbishop’s remarks seemed to offer a belated attempt to lay out an agenda.

Dr. Williams supported a Vatican statement last week endorsing the idea of a “Robin Hood” tax on financial transaction and for a separation of the retail and investment operations banks that have relied on bailouts from public funds.

“These ideas — ideas that have been advanced from other quarters, religious and secular, in recent years — do not amount to a simplistic call for the end of capitalism, but they are far more than a general expression of discontent,” he said.

“If we want to take seriously the moral agenda of the protesters at St Paul’s, these are some of the ways in which we should be taking it forward,” the article said, but it urged the protesters to be “a bit more specific,” arguing the three proposals made by the Vatican should become a springboard for debate.

“If religious leaders and commentators in the U.K. and elsewhere could agree on these three proposals, not as a fixed agenda but as a common ground on which to start serious discussion, the struggles and questionings alike of protesters and clergy at St Paul’s will not have been wasted.”

via Archbishop of Canterbury Endorses Tax on Bankers – NYTimes.com.

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Soumitri Varadarajan

Soumitri lives in Melbourne, Australia - #probonodesign #codesign #sustainability #patientexperience #quantifiedself #mdg

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