liberals have never seen a tax they didn't like maybe we could come up with taxes aimed at liberals? any ideas?
On Oct 13, 3:40 pm, Travis <[email protected]> wrote: > Progressives Back Obama Push for Global > Tax<http://canadafreepress.com/index.php/article/15493> > > The progressives know that such a rate could be ratcheted up quickly, > bringing in hundreds of billions or trillions of dollars Progressives Back > Obama Push for Global Tax [image: Author] > Cliff Kincaid > Bio<http://canadafreepress.com/index.php/members/15493/Kincaid/> > <http://www.cafepress.com/canadafreepress> > <http://www.canadafreepress.com/eesystem/index.php/gallery/> > <http://cdslog.contextweb.com/CDSLogger/L.aspx?q=C~517232~518610~72370...> > <http://www.canadafreepress.com/index.php/infrastructure> By Cliff Kincaid > Tuesday, October 6, 2009 > > While policymakers debate a few million dollars for > ACORN<http://canadafreepress.com/index.php/article/15493#>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 > <http://canadafreepress.com/index.php/article/15493#>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<http://online.wsj.com/article/SB125450903842060037.html>. > His article ran under the headline, “IMF Mulls Global Bank Tax.” > > The “Leader’s > Statement<http://www.g20.org/Documents/pittsburgh_summit_leaders_statement_2509...>” > 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<http://canadafreepress.com/index.php/article/15493#>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<http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-t...>to > the United Nations to declare, “We have fully embraced the Millennium > Development Goals.” He left unsaid what this means. It has been > calculated<http://www.aim.org/aim-column/will-mccain-oppose-845-billion-earmark/>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. > > A global tax of the kind envisioned in the G-20 document could help provide > the revenue to fulfill Obama’s promise to comply with the MDGs. > > One of the leading cheerleaders for the global tax is economist Joseph > Stiglitz, an Obama supporter and former Clinton official who has been > working with the Socialist International Commission on Global Financial > Issues<http://www.socialistinternational.org/viewArticle.cfm?ArticleID=1958>. > We > analyzed<http://www.aim.org/aim-column/u.n.-red-and-u.s.-progressives-plan-soc...>his > key behind-the-scenes role in the June United Nations Conference on > the > World Financial and Economic Crisis. He was selected as a U.N. adviser by > the then-president of the U.N. General > Assembly<http://canadafreepress.com/index.php/article/15493#>, > Communist Catholic Priest Miguel D’Escoto. > > Over at the Huffington Post, a voice of the Obama-supporting left, Kyle G. > Brown > advises<http://www.huffingtonpost.com/kyle-g-brown/beyond-the-tobin-tax-end_b...>that > such a tax is doable and that “a modest fee on every stock, every > bond-in short, every financial transaction” could generate $100 billion a > year at a rate of just 0.5 percent. He explains, “That would defray health > care costs, and help struggling states restore social services that have > been axed over the past two years.” > > Brown is not a policy maker but rather a self-described writer and broadcast > journalist at the BBC and CBC. > > The progressives know that such a rate could be ratcheted up quickly, > bringing in hundreds of billions or trillions of dollars. > > The AFL-CIO, the giant labor federation backing Obama, has already endorsed > the Tobin Tax, as has Robert Kuttner,a leading liberal thinker who serves as > co-editor of The American Prospect and a senior fellow at Demos. This is a > pro-Democratic Party think tank that still includes ousted Obama green jobs > czar Van Jones <http://canadafreepress.com/index.php/article/15493#> on its > board <http://www.demos.org/board.cfm>*.* > > As reported by The > Hill<http://thehill.com/homenews/house/56789-afl-cio-dems-push-new-wall-st...>newspaper, > Rep. Peter DeFazio (D-Ore.), chairman of the Highways and Transit > Transportation Subcommittee, has “seized on the idea as a way to help pay > for a new massive surface transportation reauthorization bill, estimated to > cost $450 billion over six years,” but wants to tax oil-based derivatives > rather than stock transactions. DeFazio had previously introduced a House > resolution to pass a Tobin Tax. > > What is driving the global taxation agenda is a Marxist view that the U.S. > is exploiting the people and natural resources of the world. According to > this perspective, international institutions such as the International > Monetary Fund, the World Bank and even the U.N. must be restructured and > provided with new financial resources to supervise and manage the > redistribution of the world’s wealth. The United States, being the leading > capitalist state, has to pay the largest price. > > Their attitude was expressed at a non-governmental organization forum in > Monterrey, Mexico, associated with the U.N.‘s International Conference on > Financing for Development, that Christopher Columbus “invaded, destroyed and > pillaged” the hemisphere and that a global tax was necessary to pay for the > damage. > > In his 2001 speech to the U.N. World Conference on Racism, Castro advocated > the Tobin Tax specifically in order to generate U.S. financial reparations > to the rest of the world. He > declared<http://www.un.org/WCAR/statements/0109cubaE.htm>, > “May the tax suggested by Nobel Prize Laureate James Tobin be imposed in a > reasonable and effective way on the current speculative operations > accounting for trillions of US dollars every 24 hours, then the United > Nations, which cannot go on depending on meager, inadequate, and belated > donations and charities, will have one trillion US dollars annually to save > and develop the world.” > > The only thing that has changed is that the U.S. now has a president who > agrees with Castro, and he and his progressive backers believe that they can > obtain a slice of the revenue for their socialist projects here as well. > > (0) *Reader > Feedback*<http://www.canadafreepress.com/index.php/site/comments/progressives-b...>| > Subscribe<http://canadafreepress.com/index.php/eesystem/index.php/site/CFP-subs...> > > Cliff Kincaid Most recent > columns<http://www.canadafreepress.com/index.php/members/15493/Kincaid/> > > *Cliff Kincaid is the Editor of the AIM <http://www.aim.org/> Report. * > > Cliff can be reached at > [email protected]<[email protected][email protected]> > > Older articles by Cliff > Kincaid<http://www.canadafreepress.com/writers/cliff-kincaid.htm> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
