Would you be so bold as to consider this plan as "taxation without representation"?
Yah got Congress Critters don'chya? What more could yah ask for? </sarcasm>
In short if you will notice this is the ultimate Value Added Tax, international in scope.
"A small ad valorem charge would be levied on every transaction"
A single rate Flat Tax, with no individual returns to file. So what's a little 1% tax?:
"For a tax rate of 1%, this produces the following annualised rates:
monthly (12) 27% weekly (30) 181% daily (220) 7,980% "
Keep smiling, and bend over.
A better question is how do we stop them before they get this thing rolling. We could always not require our investors to pay then let the UN try to force us to do it.
EBUCK