« January Unemployment Report: The Devil is in the Details | Illinois is broke, so let's spend more »
February 4, 2012
UN moves to promote a 'world tax'
It was only a matter of time before the UN came up with a proposal to tax the rich to create a worldwide "social safety net" for the poor. Now, they're getting serious about it. Deseret News: "No one should live below a certain income level," stated Milos Koterec, President of the Economic and Social Council of the United Nations. "Everyone should be able to access at least basic health services, primary education, housing, water, sanitation and other essential services." These services were presented at the forum as basic human rights equal to the rights of "life, liberty and the pursuit of happiness." The money to fund these services may come from a new world tax. "We will need a modest but long-term way to finance this transformation," stated Jens Wandel, Deputy Director of the United Nations Development Program. "One idea which we could consider is a minimal financial transaction tax (of .005 percent). This will create $40 billion in revenue." "It is absolutely essential to...(Read Full Post)