UN Taxation

The real problem with the United Nations is that is has no teeth (or balls) to do anything.

Except lust for money.

From US Congressman Ron Paul website "Texas Straight Talk"....

The latest UN tax scheme was revealed at the World Economic Forum in Davos, Switzerland in January. At this conference of the world’s financial elite, the United Nations Development Programme (UNDP) unveiled a UN plan to take seven trillion dollars from developed nations for use by the UN to save the rest of the world from all of its problems.

...

Where will the seven trillion dollars to fund the latest UN scheme come from? Much of it is to come from a UN-imposed fine on countries that in the UN’s judgment are polluting too much. This attack on productivity will slow our economy and lead to a loss of jobs in the United States. The UN global tax plan also resurrects the long-held dream of the “Tobin Tax,” and doubles the targeted income from such a tax to a whopping three trillion dollars.

The "Tobin tax," named after the Yale professor who proposed it, would be imposed on all worldwide currency transactions. Such a tax could prove quite lucrative for the UN, given the vast amount of currency that trades hands at certain times. It also might be a politically acceptable starting point, because most average people do not engage in cross-border currency transactions. A dangerous precedent would be set, however: the idea that the UN possesses legitimate taxing authority to fund its operations.

Here's why I like Congressman Paul.

I also introduced H. R. 1017 in the current Congress which would permanently prohibit United States contributions to the United Nations if that organization develops, implements, or publicizes any proposal to tax Americans.

Of course, my preference is that the United States end its participation in the corrupt UN entirely, and I introduce HR 1146 in every Congress to do just that. But until my colleagues are willing to take this important step, I will continue to offer measures like my amendment last year to help protect your hard-earned money from the greedy hands of the globalist United Nations.

(tip to Government Bytes)

United Nations Posted by AlexC at March 7, 2006 3:11 PM