United Nations Pushing For Global Taxes To Aid Developing Countries
The United Nations (UN) World Economic and Social Survey report determined that developing countries are struggling to meet their needs and news taxes by “donor countries” are necessary to accomplish the task, Reuters reports. Although the U.N. Does not have the authority to enforce a global tax currently, the influence of the agency on some United States politicians may mean American taxpayers will once again be opening their wallets to help bolster other countries, according to The Blaze. During a March speech Vice President Joe Biden stated the “Obama administration wants to create a global minimum tax, CSPAN reports.
“Although donors must meet their commitments, it is time to look for other ways to find resources to finance development needs and address growing global challenges, such as combating climate change. We are suggesting various ways to tap resources through international mechanisms, such as coordinated taxes on carbon emissions, air traffic, and financial and currency transactions,” U.N survey author Ron Vos stated in a media release.
A Huffington Post article entitled “What is the New World Order?” includes an interview with Chairman of the World Economic Forum USA, who explains why “global governance” will solve our problems.
United Nations Proposed Global Taxes
Carbon Tax – A fee on $25 per ton of carbon dioxide emitted in developed countries. Funds garnered from the tax would be earmarked for “international cooperation.”
SDR – Allocation of International Monetary Fund Special Drawing Rights to purchase long-term assets which would be used for “development finance.” While the SDR is not designed to be a currency, it would be a monetary unit based upon the value of the world’s major currencies and used as the “world’s reserve currency.”
Currency Transaction Tax – A percentage tax on trading in the four major currencies, the dollars, yen, pound sterling and the euro.
Billionaire Tax – A tax of approximately 1 percent on folks with $1 billion or more. The revenue would be used to “finance internationally agreed upon global development purposes.”