Globalists Push World Transaction Tax At UN Summit
Paul Joseph Watson
Sunday, September 19, 2010
Globalists representing 60 nations will meet at the UN this coming week to push a tax on world financial transactions in the name of solving poverty and climate change, formally launching a massive program to bankrupt the middle class and enrich the coffers of global government.
“Spearheaded by European Union countries, the so-called “innovative financing” proposal envisages a tax of 0.005 percent (five cents per $1,000), which experts estimate could produce more than $30 billion a year worldwide for priority causes,” reports CNS News.
As Ira Stoll, editor of FutureCapitalism.com, points out, new taxes always start off small so as to not be resisted by the people forced to pay them, and are then always gradually increased.
“When people suggest taxes, they always start out ‘small,” said Stoll.
“But once the door is opened to the idea of ‘global taxes,’ you can bet they won’t end small. Never mind all the issues about whether development aid actually helps poor countries or just winds up empowering corrupt local dictators and their cronies.”
The call for a global transaction tax arrives in the aftermath of a leaked UN blueprint which outlined how elitists plan to re-brand global warming in an effort to dismantle the middle class by instituting a “global redistribution of wealth” via carbon taxes.
The aim is to “limit and redirect the aspirations for a better life of rising middle classes around the world,” in other words to reduce the standard of living for the middle classes in Western Europe and America.
However, as was uncovered during the Copenhagen summit, the program of “global redistribution of wealth” and transaction taxes largely centers around looting the wealth of the middle classes in richer countries and then using that money to bankroll the construction of world government. As the leaked “Danish text” revealed, the money generated from consumption taxes will go directly to the World Bank, not to developing countries to lower carbon emissions or alleviate poverty.
Under the terms of this proposal, poorer countries will not simply be handed the money pillaged from richer nations, instead they will be forced to accept “green loans” in the name of combating climate change, a policy that would land the already financially devastated third world with even more debt, payable to globalist institutions such as the IMF.
Even if you accept that global institutions who have proven to be completely corrupt time and time again should be empowered to steal from the rich and give to the poor, these proposals don’t even do that. This is all about bankrolling the expansion of world government and creating a giant slush fund that will be used to coerce smaller countries into allowing themselves to be ruled and regulated by a global bureaucracy funded by increasingly destitute taxpayers in the west.
We warned that globalists were embarking on a global financial transaction tax back in December when Lord Monckton obtained the draft proposals for the Copenhagen summit.
As Monckton revealed at the time, the end game is to, “Tax the American economy to the extent of 2 percent GDP, to impose a further tax of 2 percent on every financial transaction….and to close down effectively the economies of the west, transfer your jobs to third world countries.”
The tax, which was vehemently supported by President Obama in Copenhagen, will cost American families already laboring under the greatest financial collapse for generations at least $3,000 a year just for starters.
There can no longer be any denial that a world government is preparing to plunder the west by enforcing a myriad of different global consumption taxes, from financial levies to a carbon tax which will do absolutely nothing to address real environmental issues and will be used solely to expand the power of the World Bank, the IMF and the United Nations.
Allied to the global tax assault is the newly published IMF strategy document that calls for the implementation of a global currency, called the “bancor”, which will be pushed through by means of draconian regulatory measures that eviscerate sovereignty rights of nation states and hand complete economic control of the global economy over to a tiny and despotic ruling elite. The “bancor” will hand the IMF the power to manipulate exchange rates and determine the eventual collapse of the dollar.
Massive resistance must be focused around rejecting the institution of global taxes paid to the United Nations and the formation of a global currency otherwise the last tattered shreds of American sovereignty will be flushed down the toilet for good.
Alex Jones contributed to this article.
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a fill-in host for The Alex Jones Show. Watson has been interviewed by many publications and radio shows, including Vanity Fair and Coast to Coast AM, America’s most listened to late night talk show.