The Progressive


A project of Common Dreams

For Immediate Release

Monica Trevino at

Robin Hoods to Occupy NY to Demand 1% Pay Their Fair Share

Group calls for a Financial Speculation Tax


Friday, Robin hoods and a band of Merry Men and women from National People's Action will demand Wall Street pay their fair share of taxes and get our money back from the 1%. The group is calling for the implementation of a Financial Speculation Tax and the extension of New York's Millionaire's Tax.

A Robin Hood taxis a tax on financial speculation that would generate $1.3 trillion dollars across the world to reinvested in people, job creation, greening and rebuilding our roads and bridges, and lifting millions out of poverty and hunger. It is a small tax, less that one quarter of one percent would generate enough money to fund every social and environmental program in the world. At home, a Financial Speculation Tax - an even more modest version of the Robin Hood Tax - would generate more than $170 billion annually and could have the added benefit of cutting down on the speculative activity on Wall Street. While in New York, allowing the Millionaire's Tax to expire will cost New York State an estimated $5 billion needed to protect schools, healthcare services and get New Yorkers back to work

On October 29th, people across the world will take action and demand that our leaders immediately impose a 1% #ROBINHOOD tax on all financial transactions and currency trades.

Here at home, the group of 30 Robin Hoods will start their day at noon by leading training on the Robin Hood Tax at Occupy Wall Street in Liberty Square at Zucotti Park. From there they will make their way to three locations in the financial district.

WHO: Affiliates of National People's Action Vocal-NY, Community Voices Heard and the Northwest Bronx Community and Clergy Coalition. Also, community members with stories about how economic crisis is hurting them.

WHEN: Friday, October 28 at 11:30 am


11:30am- Occupy Wall Street at Liberty Square at Zucotti Park - Robin Hoods will gather a Band of Merry Women and Men through training on the Financial Speculation Tax

12:30pm- A Big Bank Branch where they will ask them to pay their fair share and get our money back

1:00pm -New York Stock Exchange; Robin Hood and the Band of Merry Women and Men will direct the ire of the 99% at this major financial institution

WHY: The group will call attention for the need of a financial speculation tax, the expiration of the Bush Tax Cuts for the Wealthy, and the continuation of the Millionaire's Tax in New York.

VISUALS: Robin Hood Costumes, Hats, Robin Hood "Tax the Rich" arrows and Giant proclamation that Rich, Wall Street, and Millionaires must be taxed

The New Bottom Line campaign includes National People's Action (NPA), PICO National Network, Alliance for a Just Society, Alliance of Californians for Community Empowerment (ACCE), and Industrial Areas Foundation of the Southeast (IAF-SE) and dozens of state and local organizations from around the country.

People's Action builds the power of poor and working people, in rural, suburban, and urban areas to win change through issue campaigns and elections.