  To take an international example, some have supported James Tobin’s (1996) proposal for a tax on international currency exchanges on the grounds that capital markets are currently structured in a way that makes significant shocks and financial crises more frequent and more painful than they need be, often causing grave and lasting harm to poorer and more vulnerable economies. A tax on these transactions is not, according to this view, redistributive, since its purpose is to correct for and minimize harms that these markets can engender if left unregulated. Along these lines, a Tobin-inspired proposal is the ‘Robin Hood Tax’ on risky financial transactions, which is gaining momentum in the UK and other countries (see the link to Robin Hood Tax in the Other Internet Resources section). Similar claims have been made on behalf of resource extraction, fuel, carbon, and even global income taxes. 