Robin Hood tax
noun informal
A tax aiming to redistribute resources in order to achieve greater social equality, especially a proposed tax on transactions made by financial institutions: any indication that the Robin Hood Tax might be implemented soon will be welcomed by anti-poverty campaigners...
- A proposed levy on banks' financial transactions has been nicknamed the Robin Hood tax.
- Last week a development charity press office sought my support for a "Robin Hood tax".
- Imagine him saying that the money will be made available either through quantitative easing or by adopting a Robin Hood tax.
Origin
1960s: from the legend of Robin Hood, who reputedly stole from the rich in order to help the poor.
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