Franco-German Alliance Pushes Global Tax Against America

America's Survival ^ | Cliff Kincaid

[dirtboy]

Franco-German Alliance Pushes Global Tax Against America

Go ahead and make my day, you euro-wankers. It'll hurt in the short run, but in the long run it'll drive jobs back to this country.

[Charles Martel]

This is precisely what the Clintons were working toward. Sidney Blumenthal described this in an article, during the height the impeachment, to be Clinton's agenda. We all know that it is Hillary's as well.

Yes, and it matches nicely with Bubba's recent comments about how we should prepare for the day when the U.S. is no longer the most powerful nation, blah, blah, blah. It fits with the civilian disarmament portion of his agenda, too.

[johnfl61]

Get us out of the UN! No more garbage from the new Vichy government in Paris and the new Hitler in Berlin. I liked the bomb pictures too.

[KarlInOhio]

His proposal was for a tax on international currency transactions in the foreign currency markets. The global tax effort is a key facet of an international campaign to isolate, resist and ultimately overcome the U.S. position of dominance in the world.

There is one major way to avoid the Tobin tax on currency exchanges: one currency for the world. I propose the unilateral hegemonic United States dollar.

With the US Dollar as the world currency our quest to rule the world would be one step closer to completion. We might even print some of the dollars with other world leaders to keep them happy, just like we do with the state quarters now. Hahahahahaha!

(Sarcasm on the world domination part. No sarcasm on the easy way to avoid the tax is to do all transactions in one currency which would be either the dollar or the euro.)

All this tax would do is to shut down the billions of dollars a day of currency speculation, or else drive it to trading some type of derivative or contracts on currency value without actually trading the currency. Tobin tax proponents talk about shutting down speculation, but base all of their revenue projections on an unchanged amount of currency transactions. This is just like cigarette taxes to bring in revenue and eliminate smoking. It can't do both.

[lavaroise]

What a bunch of excrement, taxing people without them having control over the money......

[F16Fighter]

"This could be construed as an act of war?"

Yes.

The sooner the Bush Administration accepts this fact, the better off we'll be...

First order of business: Shut down the UN, and let's formally resign via thunderous condemnation and derision by the President.

The world needs to know enough is enough.

[Malsua]

Go ahead you bunch of Tin-pot socialists.

Tax me and this War machine will get big, really really big and that squeaking sound outside your window is either A. The rats leaving a sinking ship or B. The sounds of the Tracks of M1A2 Abrams tanks rolling up the Champ Elysees looking for a date with Mr. Chirac.

[Tailgunner Joe]

"No Taxation Without Representation!"

[Renatus]

Let's stop selling our food to other countries and see how they like it.

Jimmy Carter tried it. It doesn't work.

[lilylangtree]

I heard on the radio program yesterday that the reason Europe and the other countries are so upset with the US is that the dollar is the main currency worldwide. In other words, to buy and sell anything countries worldwide must use dollars which makes the countries hopping mad. By using the dollar, US dominates again angering countries. EU just came out with their new currency but they still must use dollars but France/Germany are demanding that the new EU be used for buying and selling. Starting in June, 5 arab countries will demand that any buying and selling must be done with dinars backed by gold. And Mexico is now selling billions of dollars to get rid of the currency. By ganging up against the US, these countries hope to see the dollar and the US collapse. Interesting turn of events!

[sonofatpatcher2]

Re: I'm sure we won't need a nuke for Belgium; or is that still considered part of France?

Shucks, almost forgot about them.

And here's some for

Barbra Streisand & Hubby

Susan Sarandon & Friends

and one to grow on!

BTW I've got more if needed.

[yankeedame]

If they do they are once again trying to improve on a free market by substituting a command economy with a heavy overhead attached to it, a system that broke every Iron Curtain country that ever tried it, which was all of them. Dumb, dumb, dumb...

But, ah, the visions of the Annointed!

[Paleo Conservative]

Payment delivered.

What about interest?

[sonofatpatcher2]

Re: What about interest?

Gad! You pencil-pusher types never get enough!

That enough?

[conservativeammom]

I'd say that about covers all the bases......

[sonofatpatcher2]

Re: I'd say that about covers all the bases......

Sorry,
overlooked Mexico.

[sonofatpatcher2]

And
the French Navy.

[piasa]

bttt

[hershey]

They'll get your money one way or another. How else will the finance their socialist paradise? (Thank you, George Soros.)

[piasa]

Bruno Jetin of France said ATTAC doesn't have a formal U.S. affiliate but that his group works with Dean Baker of the Center for Economic Policy Research. CEPR reports that it receives 85 percent of its funds from the Ford Foundation, the Charles Stewart Mott Foundation, the Rockefeller Foundation and the Rockefeller Brothers Fund. Baker stated at the forum that proposals for a global tax might gather support in the U.S. if politicians said that the proceeds would go for health care, education and other such matters. A variation of such a proposal was offered by Democratic Senator Jeff Bingaman (N.M.) at the request of Democratic leader Tom Daschle in 1996. Entitled, "Scrambling to Pay the Bills: Building Allies for America's Working Families," the Bingaman report called for a securities transfer excise tax (STET) that would extend to transactions by individuals, corporations, and tax-exempt pension funds and would apply to stocks, bonds, options, futures, swaps of currency, interest rates and other assets.