"Penny for London" is a charity scheme which adds 1p to each journey made on TfL and the money is then split between London charities. Tubeworker recognises the good work charities do.
However, a better way to redistribute money is to tax the wealthy. Then the government can distribute this money, and we have democratic control over where it goes - rather than it being a commuter-funded PR exercise for Boris Johnson and TfL.
If TfL really want to help Londoners they should cut fares, reopen ticket offices and end the austerity driven plan that could see around 800 jobs cut and massive pay cuts across station grades.
It is worth remembering when these pennies are being taken from passengers fares, that millionaire Mayoral candidate Zak Goldsmith - born in London - once had non-dom status which it is alleged saved him over £5m in taxes.