The Oxfam team pulled off the final stunt of the G8/G20 Summits today without a hitch. In the heart of downtown Toronto, merry men and women from across the land gathered to witness a historical union – the wedding of Chancellor Merkel of Germany and President Sarkozy of France.
G20 leaders also gathered in the audience, though some weren’t as supportive of the partnership as others. The pair’s relationship was sparked through their shared commitment to the idea of a Robin Hood Tax – a tiny tax of 0.05% that has the potential to raise $650 billion a year globally.
Of course Robin Hood led the ceremony, and the merry men and women in the audience celebrated when he announced how money generated through the tax could be used:
- In just one day , enough money will be generated to provide secure, safe and affordable housing for low and middle income Canadians.
- In less than three months, enough money will be generated to bring solar power to 2 billion people around the world.
- In just over four months , enough money will be generated to pay off the debts of the world’s 48 poorest countries – freeing up much needed resources that could be used to hire more teachers and nurses.
There were some objections however. Prime Minister Harper announced that Canadian banks had not contributed to the recession and therefore should not be taxed. G20 leaders from Australia, India and Russia cheered in support of his position. A merry woman of the people stood up to clarify that this is about taxing the casino banking in rich nations, the proceeds of which would go to helping poor countries. The Robin Hood Tax is a perfect solution as it raises billions of dollars to this end while taxing the most profitable industry in the world that played a part in the global economic recession.
The wedding continued despite this interruption. Chancellor Merkel and President Sarkozy walked down the gold carpeted aisle, hand-in-hand, and ready to make their case for the Robin Hood Tax at the next G20 is Seoul, South Korea.
Take a look at the complete slideshow: A Marriage for the Masses: Oxfam's Big Heads at the G8, Hunstville, Canada