Killing Two Crises with One Economic Policy
The world is in trouble, I hope we can all agree on this point. We’re facing an economic crisis (first-world problems), a social crisis (third-world problems), and an ecological crisis (everybody’s problem). I’m always on the hunt for policies that address multiple inefficiencies, and that will get us moving towards a more sustainable economy. One such policy being discussed these days is called the Robin Hood Tax. This tax addresses two critical crises in the world right now: poor support from governments for global development projects and rampant currency speculation by the financial industry.