A committee of the United Nations Organization is proposing a new international tax on the world’s banks. Variations of this have been floated since the 1930s, under the League of Nations. Back then, there was a proposal for a zero-tariff policy, with an income tax on multinational corporations that would take advantage of this zero-tariff policy. The idea went nowhere.
So will this idea. But the money-grabbing welfare state socialists who propose this tax are representative of all welfarstatete promoters. They argue that the rich (meaning productive people) owe their wealth the poor (meaning unproductive people). There is not enough wealth on earth to placate these thieves. If we surrender to them in principle, we are doomed.
I don’t think we will. They don’t have the political power to get what they want. But if they did, they would steal it all.
They are paid huge tax-exempt salaries by the UN to promote such thievery. They have cashed in on the suckers of the West: taxpayers
. . . Inside the U.N., another group of civil society leaders demanded a basic level of social security as they promoted a “social protection floor” at a preparatory forum for the Commission on Social Development, which began Feb. 1.
The focus of the forum was “universal access to basic social protection and social services.”
“No one should live below a certain income level,” stated Milos Koterec, President of the Economic and Social Council of the United Nations. “Everyone should be able to access at least basic health services, primary education, housing, water, sanitation and other essential services.”
These services were presented at the forum as basic human rights equal to the rights of “life, liberty and the pursuit of happiness.”
The money to fund these services may come from a new world tax.
“We will need a modest but long-term way to finance this transformation,” stated Jens Wandel, Deputy Director of the United Nations Development Program. “One idea which we could consider is a minimal financial transaction tax (of .005 percent). This will create $40 billion in revenue.”
“It is absolutely essential to establish controls on capital movements and financial speculation,” said Ambassador Jorge Valero, the current Chairman of the Commission on Social Development. He called for “progressive policies of taxation” that would require “those who earn more to pay more taxes.”
Valero’s speech to the forum focused on capitalism as the source of the world financial problems.
When asked where she expected the money to provide all needy people with a basic income, healthcare, education and housing would come from, Fatima Rodrigo, one of the presenters at the forum, mentioned the “very small tax of .005 percent.”
She added, “There is plenty of money, we just need to stop spending it on militaries and wars.”
They propose to tax a little — hardly anything. Maybe $10 per person. Maybe just a little more. This tiny tax will feed, house, clothe, and educate the world’s poor: $40 billion divided by the world’s poor — maybe 3 billion people. That’s all they want. Trust them.
These socialoists want the precedent of a “tiny” tax. Once they get it imposed, they will would increase the tax indefinitely. They are just like the welfare state promoters in the USA. They want it all.