Posted on 11/01/2021 5:43:27 AM PDT by Kaslin
Leaders from the G-20 didn’t shred their climate commitments, they made a vague promise to “boost the supply of vaccines and essential medical products” to developing countries, and they locked-in a global corporate minimum tax rate of 15 percent that — if implemented as planned in 2023 — could force significant change to the tax practices of the world’s largest companies.
That’s where the good news ends.
While the summit communique — 17 pages long and covering more than 60 topics — is step-up from what the Saudi G-20 presidency managed to deliver in 2020, not even the steady hand of Italian prime minister and summit host Mario Draghi could save this gathering.
The biggest developments came out of bilateral meetings or national political interest, rather than group discussion: Canada will donate another 200 million vaccine doses to COVAX, and the EU and U.S. are suspending their steel and aluminum tariffs.
resident Joe Biden’s biggest multilateral contribution happened outside the summit: hosting an anti-China meeting after official proceedings ended, on the theme of supply chain resilience. He urged attendees to “diversify” their supply chains, and announced an unspecified amount of funding to help “American partners, as well as the United States, cut port congestion.”
While France was a deliberate no-show at Biden’s event — still making political points about its scuttled deal to provide Australia with submarines — the real problem for Biden this weekend is that he didn’t get his own political supply chain in order.
Back home in Washington, Congress’ failure to agree on the legislative and financial building blocks for meeting Biden’s climate targets did more to undercut him than any rival government could.
Instead, it was unelected figures who set the agenda, leaving the United States and other democratic leaders in the political dust.
(Excerpt) Read more at msn.com ...
Biden at the G20: “Hold this and watch this shit!”
The Queen skipped out on this boondoggle for health and rest reasons, yet she is seen driving around Windsor today. I don’t blame her for staying home and away from this foolish endeavor. Leave all that to HRH The Chuckster.
https://www.dailymail.co.uk/news/article-10152511/Queen-spotted-driving-Windsor-estate.html
I’m sure that the Monaco Royal family and the Gran Canaria Bolivian Airforce had a lot to add to this bloated elite festival.
This tax is NOT good news, dumba$$.
Yup—a true “let them eat cake” moment from the royal a&^%$$.
“... U.S. are suspending their steel and aluminum tariffs. ...”
and how many US workers will be laid off from American steel and aluminum plants as foreign metal floods the US market????
only the working class is smart enough to use skype???
wait, skype doesn’t come wi taxpayer funded vacations and caviar... wut WAS i thinking?
What a glorious triumph!
What? They haven’t made virtual caviar yet? If Mr. Spaceley can reach through his screen to throttle George Jetson, why can’t people eat virtual caviar? Or cake. Or whatever.
right? LOL!!!
Enforcement of payment is the devil in the details. US based corps going to be policed by our IRS to pay a “global tax” to... whom?
Want to delve into the details on this fake@@@ ‘summmit’ that was a lot of hot air, and the senile poopy pants not-present-dent dementia JoeBama was NOT there. His staff could not cover that up internationally. So, if the US is the only one going to “pay” this/enforce it— the rest of them will NOT.
But you are correct it is not “good” news. Follow up real reporting on this “meeting” would be helpful, except there are no real reporters with any guts.
I read the elite jets would use more gas going to G20 than Scotland will for a year. Yeah, real pro-environmental folks.
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