WTF? Global Bank tax is a done deal?

[sofia]

how did this one sneak by?

Ron needs to talk about this...


http://www.ft.com/cms/s/0/23a35d16-1692-11df-aa09-00144feab49a.html

[FrankRep]

The New American/JBS was talking about the "Tobin Tax" back in 2001.


The Global Taxman (http://www.thenewamerican.com/index.php/economy/commentary-mainmenu-43/2902-the-global-taxman)

The New American
08 February 2001

http://www.thenewamerican.com/index.php/economy/commentary-mainmenu-43/2902-the-global-taxman


The Tobin Tax

The first and most concrete proposal for worldwide taxation was advanced by Yale economist James Tobin in the 1970s. Decrying the destabilizing effects of "excessive international ... mobility of private financial capital," Tobin proposed a uniform worldwide levy on international currency exchanges. Dubbed the "Tobin tax," it was intended to "throw some sand in the wheels of our excessively efficient international money markets" and to pave the way for an eventual "common currency, common monetary and fiscal policy, and economic integration." Although its proponents can't quite agree on how such a tax might be implemented, the proposal has continued to attract admiring attention from the internationalist set, especially since the financial crises in Mexico, Asia, Brazil, and Russia in the 1990s.
...

But how could such a tax scheme be implemented? If it were done unilaterally by countries like the United States, to set the example for everyone else, currency trading would simply shift to those countries free of the tax. Nevertheless, Dean Baker of the Center for Economic and Policy Research has proposed that the United States take the lead in self-imposing the Tobin tax in some form: "As a result of its unmatched economic and military power, [the United States] can usually force the rest of the world to accommodate its concerns. If the United States sought to use its power in international forums to promote a speculation tax, it is likely that it could succeed."

In his original proposal, Tobin suggested that the role of tax collector be played by either the IMF or the World Bank. Modern versions of the plan call for the creation of an entirely new tax collection bureaucracy. In either case, the final beneficiary will be the embryonic UN-centered world government.




"Tobin Tax" and UN Global Taxman Making A Comeback (http://www.thenewamerican.com/index.php/usnews/politics/2901-qtobin-taxq-and-un-global-taxman-making-a-comeback)


A proposed global tax on currency transactions — often labeled a Tobin Tax — is being forwarded with increasing frequency. by William F. Jasper

William F. Jasper | The New American
Monday, 08 February 2010

[FrankRep]

Drudge Report just put a link up.

http://www.drudgereport.com/

[Warrior_of_Freedom]

our friends in GB need to kick Gordon Brown out.

[FrankRep]

our friends in GB need to kick Gordon Brown out.
UK Daniel Hannan: Time for a British Tea Party
http://www.ronpaulforums.com/showthread.php?t=230691

:D

[TCE]

our friends in GB need to kick Gordon Brown out.

He'll be out by mid-June.

Dr. Paul responds to these global power grabs in similar fashion "I have always been against America ceding its sovereignty to global entities." Not much else he can really say.

[FrankRep]

Ron needs to talk about this...

Ron Paul on the Global Tobin Tax:


Ron Paul: International Taxes?


On March 6, 2006, US Congressman Ron Paul stated the following: "The United Nations remains determined to rob from wealthy countries and, after taking a big cut for itself, send what’s left to the poor countries. Of course, most of this money will go to the very dictators whose reckless policies have impoverished their citizens. The UN global tax plan...resurrects the long-held dream of the 'Tobin Tax'. A dangerous precedent would be set, however: the idea that the UN possesses legitimate taxing authority to fund its operations."

SOURCE:
http://ronpaullibrary.org/document.php?id=451

[DapperDan]

http://alanadale.files.wordpress.com/2009/11/gordon-brown-404_667800c.jpg