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Posted on 11/07/2010 9:43:36 PM PST by 2ndDivisionVet
Some 183 organisations from 42 countries have come together to issue a plea to world leaders to impose a tax on financial transactions to help meet the costs of the economic crisis.
The group is the largest coalition yet to demand that a tax is levied on international financial transactions.
Members include Britain's Robin Hood Tax campaign, supported by the TUC, Friends of the Earth and ActionAid.
Their plea comes ahead of the summit of leaders of G20 economic powers in the South Korean capital Seoul on November 11-12.
The issue of measures needed to stabilise the world economy and boost the global recovery are set to be discussed.
Today's letter is addressed to G20 leaders including Prime Minister David Cameron and US President Barack Obama, and is signed by development, health, education and environmental charities and unions from 16 of the G20 countries.
They argue that a financial tax would help meet the costs "of the global financial and economic crisis, including reducing the unacceptably high rate of job loss, and achieve key development, health, education and climate change objectives in developing countries".
TUC general secretary Brendan Barber said: "Governments around the world are embarking on a sweeping programme of austerity measures that will lead to huge job losses and cuts in services that the most vulnerable in society rely upon....
(Excerpt) Read more at news.sky.com ...
That ain’t gonna happen now!!!!!!!!!!!!!
In both principle AND reality, it's a horrible idea. There is not one single government program, local, state or federal that has ever been successful on it's own merit, and instead the program turns into a giant, pork laden, corrupt money cess pools.
And now you would want some socialist-globalist INTERNATIONAL agency to collect financial transaction fees from us, and effectively monitor a program like this? This is a socialist-globalist dream come true! This is a tax against the U.S. middle class, bar none. The elitist rich liberals would certainly find a way to circumvent this boondoggle. Soak the American middle class, and give the money back to 3rd world thugs & tyrants. Yah, that worked out great for Robert Mugabe, blood soaked tyrant of Zimbabwe, didn't it?
However, would the government repeal the tax as soon as the deficit was paid before revising the monetary system to go back on a new gold standard? I suspect not...
You just answered your own question.... NO, this would never be repealed in any way, shape or form. This is like a giant crap & tax bill.
May I help you? Are you lost?
global peter pan communism currency
Ain’t the progress of the New World Order great? We have the anti-American/anti-freedom left working as termmites within and the UN and their citizens of the world operating with the same cause in the UN. And all the “capitalists” care about is screwing America as much as possible to their materialistic favor in the name of “free trade.”
We are going down.
“Taxation without representation”,,, makes Americans angry,,,,
I don’t have faith in the honesty of them, which is why I qualified it at the end. But the fact is, the deficit needs to be paid off before things can start returning to normal. Unfortunately, this will mean having to pay taxes that won’t involve seeing anything tangible in return.
The only other alternatives are hyperinflation and/or default, which will be much worse than paying more tax. Like I say, in PRINCIPLE it is a good idea to have a temporary tax like this to pay to resolve the crisis, but the problem is, it won’t be temporary. They won’t have the discipline to rescind the tax afterwards, that is the problem. Taxes unfortunately have a nasty habit of staying in force for a long time after the crisis has passed. Just ask any British person who is still paying something called income tax even though Napoleon was defeated nearly two hundred years ago...
“He also robbed the rich to give to the poor.”
The “rich” Robin Hood robbed got their riches from taxes. The “poor” he gave the loot to were those who had everything they owned taken as “taxes”. The “poor” included former lords and ladies, like he himself, as well as craftsmen, merchants, and farmers. The regent and his cronies stole from everyone, in the guise of “taxes”, they thought they could get away with it with. They did it by using the might of the kingdom’s standing army.
Robin Hood stole from the regent and his cronies and gave the money back to those who originally earned it and had had it confiscated.
In modern parlance, it would be like empting Barney Frank’s bank account and giving it to small business owners. Or it would be like doing the same to those who have no-show jobs or nepotism jobs in Washington. Or perhaps it would be like robbing George Soros.
Robin Hood wasn’t a marxist, he was a patriot who had had enough of marxists. Prince John the regent was the marxist.
The marxists who came up with this “Robin Hood Tax” are doing what marxists always do, taking one thing and saying it means another. They might as well call it the “Tea Party’s Tax”.
Nah, it’s just hard times, not end times. John Stewart said so.
(/sarc)
a tax on financial transactions to help meet the costs of the economic crisisThat's an interesting way of putting it. Thanks 2ndDivisionVet.
Well put.
It’s a veritable who’s who of libtards! Katrina vanden Heuvel!!!?
We’ve been there and done that. Saddam’s oil for food program where we never got to the bottom of the corruption.
Upper Westside Manhattan after all.
Amen. Let him who has ears hear.
If the UN gets an independent source of income, expect the next stage to be the UN getting its own armed forces to impose its will.
And its own IRS agents too!
He didn't rob the "rich" to give to the poor; he robbed the government, as it were, to return confiscated wealth back to the people from whom it had been stolen.
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