Global Welfare: Taxing the American People Will Lead to the Fall of the Republic
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Sunday Paper - October 11th, 2009
by Jim Kouri
Conspiracy? Global tax next on Obama’s agenda?
While the national battle over government-controlled health care is in its final stages, participation in a United Nations-run Global Poverty Tax is expected to come up for a vote in the US Congress any time soon, according to conservatives who fear it is a giant step towards handing over US sovereignty to the United Nations and foreign governments.
This is yet another plan by Progressives to allow a United Nations style tax on American citizens, according to officials at the American Conservative Union. ACU officials say that this “sickening bill could potentially force the United States to spend as much as $845,000,000,000.00 on welfare to third-world countries.”
While the Senate record of President Barack Obama may appear to be a bit lacking, he did take a leadership position in pushing forward this unique piece of legislation. While the idea of eliminating global hunger and disease throughout the world would be a worthy goal, critics of the Global Tax say this legislation appears benevolent only on the surface.
Jeffrey Sachs, who runs the UN’s “Millennium Project,” says that the UN plan to force the US to pay 0.7 percent of its GNP in increased foreign aid spending would add $65 billion a year to what the US already spends. Over a period, from the time when the U.N.’s Financing for Development conference was held, to the target year of 2015, when the U.S. is expected to meet the “Millennium Development Goals,” this amounts to $845 billion. And the only way to raise that kind of money, Sachs has written, is through a global tax, preferably on carbon-emitting fossil fuels.
Obama’s bill has only six co-sponsors. They are Democrat Senators Robert Menendez, Maria Cantwell, Dianne Feinstein and Richard Durbin, with Republican Senators Chuck Hagel and Richard Lugar,. But it appears that Vice President Joe Biden and Obama see passage of this bill as a way to highlight Democratic Party priorities in the Senate.
“This is the same tax on Americans that the socialists and New World Order enthusiasts have been dreaming about all these years. Americans are a generous people and may believe their leaders want to help the impoverished, but it is an idea that in reality is just one step closer to Globalism,” claims political strategist Michael Baker.
“The socialists would like nothing better than to tax the people of the United States with the blessings of liberal-left American politicians and activists,” he said…
Read more at eXaminer Tampa Bay - October 7th, 2009
(continues below)
by Cliff Kincaid
Progressives Back Obama Push for Global Tax
While policymakers debate a few million dollars for ACORN and a few hundred billion dollars more for health care reform, those committed to one-world government are moving ahead with plans for a global tax that could extract trillions of dollars out of Americans’ already depleted IRAs and stock holdings.
One can’t exclude the possibility of such a tax being slipped into a health care or cap-and-trade bill that the Congress or the public could not have time to read before passage.
Bob Davis of the Wall Street Journal deserves a journalism prize for taking the time to read the recent communiqué issued by the G-20 countries meeting in Pittsburgh. He found they had assigned the International Monetary Fund (IMF) the job of studying how to implement a global tax on America and the rest of the world.
“The IMF assignment from the G-20 has been widely overlooked,” Davis noted. His article ran under the headline, “IMF Mulls Global Bank Tax.”
The “Leader’s Statement” endorsed by President Obama and released at the event declares on page 10 that “We task the IMF to prepare a report for our next meeting with regard to the range of options countries have adopted or are considering as to how the financial sector could make a fair and substantial contribution toward paying for any burdens associated with government interventions to repair the banking system.”
The term “fair and substantial contribution” is code for a global tax. Other misleading terms for global taxes include “innovative sources of finance” and “Solidarity Levies.”
While the global tax would affect the savings of ordinary Americans and be passed on to consumers, it is being packaged by the international left and its progressive allies in the U.S. as an assault on Wall Street and the big banks.
One proposal, popular at the United Nations for decades and long-advocated by Fidel Castro, is the Tobin Tax, named after Yale University economist James Tobin. Such a tax, which could affect stocks, mutual funds, and pensions, could generate hundreds of billions of dollars a year. Indeed, Steven Solomon, a former staff reporter at Forbes, says in his book, The Confidence Game, that such a proposal “might net some $13 trillion a year…” because it is based on taking a percentage of money from the trillions of dollars exchanged daily in global financial markets.
Such transactions are commonplace on behalf of Americans who have stock in mutual funds or companies that invest or operate overseas.
Meanwhile, President Obama used his recent speech to the United Nations to declare, “We have fully embraced the Millennium Development Goals.” He left unsaid what this means. It has been calculated that this will cost the U.S. $845 billion to meet U.N. demands for a certain percentage of Gross National Product to go for official foreign aid to the rest of the world. Compliance with the Millennium Development Goals (MDGs) was incorporated into the Global Poverty Act that Obama had introduced as a U.S. senator but which never passed…
Read more at Accuracy in Media - October 6th, 2009
http://www.aim.org/aim-column/progressives-back-obama-push-for-global-tax/
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