Tax stupidity. Then the libs would be paying all the taxes. On Tue, Oct 13, 2009 at 4:07 PM, plainolamerican <[email protected]>wrote:
> > 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. 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