Results for “The four markets”

The Financial Transaction Tax · Part 4 · The four markets

…Every day, huge sums change hands in these four markets. The New York Stock Exchange. Today most trades happen on computers, in a fraction of a second. Wholesale currency trading. Wholesale trading of…

The long read · Chapter 03

Every day, the wealthy trade huge sums through four financial markets. $15.8 trillion is traded every day. Most of it is never taxed. Every day. $15.8 trillion is bought and sold in the world’s…

The Financial Transaction Tax · Part 4 · The four markets

The guardians of capitalism. The average DAILY value of all global trades in 2021, during the height of Covid-19 was $15.8 trillion dollars.

The Financial Transaction Tax · Part 6 · Who is who in finance

…as Quantitative Easing (QE). In total, the top four central banks created more than $14 trillion in new money at a time where most governments cut spending on essential public services arguing that…

The Financial Transaction Tax · Part 4 · The four markets

Capitalism cannot effectively sustain life on earth. It can only function through oppression, terror, plunder and crisis. The cost of living crisis, debt crisis, racist policing crisis, migrant deaths…

The policy

…Every day, the rich trade $15.8 trillion in four big financial markets. A tax of 1% on every trade would raise $158 billion per day. We call it the Ubuntu Tax. Ubuntu is an African word. It means: I…

The Financial Transaction Tax · Part 2 · Finance and empire

The trillions traded in financial markets each day represent the value of the global economy created by imperialists through enslavement and colonialism. The financial markets represents the sum total…

The Financial Transaction Tax · Part 2 · Finance and empire

The financial markets grew up to pay for empires. Today they hold the value of what was stolen. The East Offering Its Riches to Britannia. The East India Company had this painted for the ceiling of…

Reparative Justice · Part 2 · Truth, healing and repair

…needs money. A small tax on the financial markets can pay for it. The Afrikan Emancipation Day Reparations March in London. Every year on the first of August, people march to Parliament to call for…

The Financial Transaction Tax · Part 3 · How the tax works

…currency speculators would come to dominate the markets as they have done. In 1972, US Nobel prize winning Keynesian economist James Tobin unsuccessfully called for a FTT on wholesale foreign currency…

The story · Africa

Fourteen African states' money was tied to the French franc, then the euro, and for decades part of their reserves had to be kept in Paris. The CFA franc was created in 1945. It tied the money of…

The Financial Transaction Tax · Part 1 · Why this tax is different

…by taxing the trading done on the world’s major markets and ‘assets’ at a wholesale level, such as shares, derivatives, debt, gold and oil markets. This FTT is a policy proposal that applies to people…

The Financial Transaction Tax · Part 3 · How the tax works

…across countries in financial and commodity markets is the most efficient form wholesale capital transfers take place. The markets enable the capitalist class to move capital between countries,…

The long read · Chapter 02

…of the wealth now moves through the financial markets. One bar. All wealth under capitalism is stained with the blood of enslavement and colonialism. The Bank of England. The Bank of England keeps…

The Financial Transaction Tax · Part 1 · Why this tax is different

…in financial instruments across the financial markets, which reinforce their own power in politics. Our bondage will remain unless we force system change. Only the Ubuntu Restoration Tax targets…

The Financial Transaction Tax · Part 5 · Making it law

…happens. $15.8 trillion in global financial markets is the estimated value of what they steal from us each day. This is the present day value of reparations for enslavement and colonialism and the…

Home

…very rich. A small tax on trades in financial markets. A tax on extreme wealth. Closing the tax havens. Fair rules for countries in debt.

Questions people ask us

Not you. The fortunes and institutions that profited would. In a YouGov poll in Britain, three in four people backed taxing fortunes over £10 million.

The story · Africa

…the battery makers and carmakers whose biggest markets are in the North. Congo has begun to push back. In 2025 it suspended cobalt exports and then set export quotas, to keep more of the metal's value…

The long read · Chapter 04

…is small, and it falls on every trade in these markets. What it would raise. A tax of just 1% would raise $158 billion per day. For repair. That is $40 trillion per year. In one year, the tax would…

The long read · Chapter 05

…the G7, a group of seven rich countries. Step four · Repair. Use the tax to end poverty and hunger. Free food, housing, health care and education for everyone. Step five · Liberation. Replace…

The argument

…the harm going. A small tax on the financial markets, the Ubuntu Tax, can pay for repair. Raised over time, it takes wealth and power from the rich.

Reparative Justice · Part 5 · Race, work and gender

…propaganda and sanctions) to exploit new lands, markets and labourers to continue the cycle of destitution, exploitation, oppression, exclusion, whilst growing inequality, poverty, emissions, profit…

Reparative Justice · Part 7 · Wealth, crisis and reform

…contributes to the death of one person every four seconds. The world’s ten richest men more than doubled their wealth from $700 billion to $1.5 trillion - at a rate of $1.3 billion a day - during the…

Reparative Justice · Part 7 · Wealth, crisis and reform

…through the wholesale financial and commodity markets. This is a real time value of what they steal from is (the global majority/global waged enslaved) us everyday.

Reparative Justice · Part 8 · Empire and propaganda

…At its height, the empire ruled about one in four people on earth. The wealth of enslavement and colonialism has created a global capitalist class who have created authoritarian and liberal…

Reparative Justice · Part 10 · Climate and inequality

…the $15 trillion a day financial and commodity markets, most of which is in Europe and its settler colony, the US, and the target for the Ubuntu Restoration Tax. Exponentially rising inequality…