Trading a Friar for an Archbishop
Trading a Friar for an Archbishop
Rowan Williams gets behind the Robin Hood Tax
By Luke Moon
http://www.theird.org/
November 5, 2011
Archbishop Rowan Williams' long-held distain of Capitalism has surfaced once again-this time on the grounds of St. Paul's Cathedral in London. The leadership of this prestigious church in shambles, Williams has stepped in to offer his support for the "moral agenda" of the protesters who have taken over the church grounds. In his letter in the Financial Times, Williams offered several specific ways the government can help to turn back the "disastrous effects of global capitalism." The most destructive and far-reaching proposal to win the Archbishop's stamp of approval is the Financial Transaction Tax (FTT), or more popularly known as the Robin Hood Tax.
The source of the Archbishop's renewed interest in taxation and financial regulation comes from a recent report from the Pontifical Council for Justice and Peace in its report "Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority." The Pontifical Council proposed the formation of a "supranational authority" that would be set up gradually and not "imposed by force, coercion or violence, but should be the outcome of a free and shared agreement and a reflection of the permanent and historic needs of the world common good." This authority with "universal jurisdiction" should apply "taxation of financial transactions" which would be used for "promoting global development and sustainability." This proposal was sweet sounding for Williams, one of the co-founders of the anti-capitalist Jubilee Group.
Read the full story at www.VirtueOnline.org
Rowan Williams gets behind the Robin Hood Tax
By Luke Moon
http://www.theird.org/
November 5, 2011
Archbishop Rowan Williams' long-held distain of Capitalism has surfaced once again-this time on the grounds of St. Paul's Cathedral in London. The leadership of this prestigious church in shambles, Williams has stepped in to offer his support for the "moral agenda" of the protesters who have taken over the church grounds. In his letter in the Financial Times, Williams offered several specific ways the government can help to turn back the "disastrous effects of global capitalism." The most destructive and far-reaching proposal to win the Archbishop's stamp of approval is the Financial Transaction Tax (FTT), or more popularly known as the Robin Hood Tax.The source of the Archbishop's renewed interest in taxation and financial regulation comes from a recent report from the Pontifical Council for Justice and Peace in its report "Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority." The Pontifical Council proposed the formation of a "supranational authority" that would be set up gradually and not "imposed by force, coercion or violence, but should be the outcome of a free and shared agreement and a reflection of the permanent and historic needs of the world common good." This authority with "universal jurisdiction" should apply "taxation of financial transactions" which would be used for "promoting global development and sustainability." This proposal was sweet sounding for Williams, one of the co-founders of the anti-capitalist Jubilee Group.
Read the full story at www.VirtueOnline.org
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