[Tailgunner Joe]

Global Taxes: The Main Proposals

The United Nations Wants to TAX you!

GLOBAL TAXES

[Porterville]

Better Dead then Red.... Try and take my money Frenchy

[RightWhale]

No, no, no, it's Pax America, not Tax America. These guys have been hitting the after-dinner cigars and sherry a little too hard.

[omega4412]

What about the constitutionality of a global tax? A treaty cannot give the US government powers that it does not have under the Constitution.

[Billthedrill]

Uh...it would also discourage international investment worldwide, which is the best and sometimes the only hope small, developing countries have of bootstrapping themselves into prosperity. Taxing an activity discourages it, or redirects the funds normally flowing to that activity to a higher-yielding one elsewhere. It's all fine and dandy to use this ruse to skim the global market for funds to apply to international organizations' latest passions, but in doing so they're quite literally taking food from the mouths of developing nations.

Will they try to make up for it by giving these countries direct aid? 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...

[Porterville]

I'd be worried if the fact was that the leaders of these two nations weren't such weak-knee panzies. If they don't want our business, there are a ton of Asians, Africans, South Americans, and Eastern Europeans chomping at the bits for some juicy contracts. We should have let Stalin have Germany and France.

[Servant of the Nine]

This is all just a symptom of these organizations and Nations realization of how unimportant they really are

Good thing they are all talk and no ability to act.

So9

[mabelkitty]

Violation of WTO.

If they want us to quit, then we will.

Iraq had sanctions, and yet they seem to have made a ton of money in the last 12 years.

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

[AmericaUnited]

Yes, I do believe Americans are in the mood to pay additional taxes as authorized by the Franco-German Alliance. ROFLOL!!!

[sonofatpatcher2]

"Well, boys, I recken we orta swing by Paris and
delivery the first payment."

Four hours later:
"Yahoo!!!!"

20 seconds later:
Payment delivered.

[Jim Noble]

When the Iraq war is over, we need to have a serious discussion about the costs of "globalization".

It is unprecedented-and it may be impossible-to have commercial interests as far-flung as ours are (and to protect them) without a Roman-style military to look out for them all.

The degree of involvement we now have with a world that lusts for socialism may be a mistake.

[Jonathan E]

They, the EU, had their hopes planned on the approval of the Kyoto Treaty which would have allowed the UN to tax the US and regulate manufacturing. President Bush saved us all from that, but the Watermelons are not happy. Environmentalism is the religion of governmetns.

[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.

[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......

[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.

[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!

[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.