Normally I would just laugh this off as so much hot air emanating from one of the world’s foremost sources of hot air: the U.N. Which section and article of the constitution, for example, authorizes the U.N. (or any foreign or multinational entity) to levy a tax on U.S. citizens? Did I miss something in my high school civics class? Or have we amended the constitution in the interim? I’m confused.
I ‘m also worried. Given Obama’s penchant for ignoring the constitution, love of taxes and hatred for achievers, this sounds exactly like the sort of scheme he’d go for. Think about it. It will accomplish two of Obama’s most cherished goals: the redistribution of wealth from successful Americans who earned it to, in his mind, more deserving citizens of foreign countries who didn’t (many of whom would just as soon kill us as look at us) — and the transformation of America from a shining city on a hill to ‘just another country’.
A 1 percent tax on billionaires around the world. A tax on all currency trading in the U.S. dollar, the euro, the Japanese yen and the British pound sterling. Another “tiny” tax on all financial transactions, including stock and bond trading, and trading in financial derivatives. New taxes on carbon emissions and on airline tickets. A royalty on all undersea mineral resources extracted more than 100 miles offshore of any nation’s territory.
The United Nations is at it again: finding new and “innovative” ways to create global taxes that would transfer hundreds of billions, and even trillions, of dollars from the rich nations of the world — especially the U.S. — to poorer ones, in line with U.N.-directed economic, social and environmental development.
I have a better idea. How about the “poor” countries switch from the failed socialist and/or totalitarian economic models which are responsible for their poverty to one based on free-market capitalism? Then they won’t need our money because they won’t be poor. Who knows, if we continue on the economic path Obama has charted for us, we may need their money at some point in the not-too-distant future. This, I suspect, is a role-reversal Obama would be just fine with. Indeed it would be the inevitable result of the fundamental transformation he’s foisting on the country.