UN Looking to New Global Taxes to Tap the Rich
A 1 percent tax on billionaires around the world. A tax on all currency trading in the U.S. dollar, the euro, the Japanese yen and the British pound sterling. Another “tiny” tax on all financial transactions, including stock and bond trading, and trading in financial derivatives. New taxes on carbon emissions and on airline tickets. A royalty on all undersea mineral resources extracted more than 100 miles offshore of any nation’s territory.
The United Nations is at it again: finding new and “innovative” ways to create global taxes that would transfer hundreds of billions, and even trillions, of dollars from the rich nations of the world — especially the U.S. — to poorer ones, in line with U.N.-directed economic, social and environmental development.
Source: Fox News. Read full article. (link)
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Obama will push for this if elected.
Thomas Sowell had a great article about how Obama's motivation regarding his foreign policy is to diminish the standing and influence of the US. Once you understand this, everything he does makes sense, and this tax is fully aligned with that philosophy.
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"re-elected"