When good people blindly fall prey to the sinister machinations of the institutional left, America will be lost.
Today, under the guise of making the rich “pay their fair share(!),” there is a global movement for worldwide taxation that is being pushed by the likes of George Soros, Al Gore, Warren Buffet, Bill Gates, European Socialists, as well as union bosses (and just about every other Marxist group you can imagine). However, unless Americans realize the effort and its ultimate ends, some day soon, we may wake up under the thumbs of global bureaucrats demanding that all Americans pay their “fair share” to a global tax collector—an international IRS, if you will.
Although the AFL-CIO’s Richard Trumka was caught conspiring with European Socialists last year on the subject of a global tax, lately, the tip of the spear has become the #OccupyMovement and its slogan “We Are The 99%.” And, the feel-good populist tax on all financial transactions is called the Robin Hood Tax.
The push, primarily coming from Europe (where, thanks to the disciples of Karl Marx, all socialist programs seem to originate from), is gaining momentum on both sides of the Atlantic. Democrats, for example, introduced a bill in early November.
According to the New York Times:
Driven by populist anger at bankers as well as government needs for more revenue, the idea of a tax on trades of stocks, bonds and other financial instruments has attracted an array of influential champions, including the leaders of France and Germany, the billionaire philanthropists Bill Gates and George Soros, former Vice President Al Gore, the consumer activist Ralph Nader, Pope Benedict XVI and the archbishop of Canterbury.
“We all agree that a financial transaction tax would be the right signal to show that we have understood that financial markets have to contribute their share to the recovery of economies,” the chancellor of Germany, Angela Merkel, told her Parliament recently.
“The tax is a good idea because banks are where the money is. It’s the same reason Jesse James robbed banks,” said Rose Ann DeMoro, executive director of National Nurses United, which recently held demonstrations at the offices of 60 members of Congress in support of the levy.[Emphasis added.]
Despite its “steal from the rich and give to the poor” populist appeal to the masses with its Disney-like imagery, the so-called “benefits” of the Robin Hood Tax may actually do more harm than good (at 6:30 in the audio). Yet, the tax (and spend) plan is being billed here at home as an itsy-bitsy, teeny-tiny tax by its advocates as a source of funds to be used to fund public projects (largely, for unions); while at the same time abroad fulfill the United Nations Development Programme’s Millennium Development Goals.
As the AFL-CIO’s Richard Trumka stated when he and other union bosses were in France campaigning for the Robin Hood Tax:
It is time to put Wall Street to work rebuilding Main Street with a financial speculation tax to create jobs, rein in speculation and lay the groundwork for long-term economic prosperity.
However, regardless of how puny the tax is today, there should be greater concern over the Robin Hood Tax being the platform from which to build a global structure for global taxation.
On November 30, Accuracy in Media‘s Cliff Kincaid attended a U.N.-sponsored conference in Washington, D.C., where officials of the U.N. Development Program (UNDP) appeared on a panel endorsing the idea.
According to AIM’s Kincaid:
Alluding to an international IRS, U.N. official William Orme also said the imposition of the tax would require some kind of new global structure.
- Read the Accuracy in Media piece: Media Promote Global Tax as Financial Crisis Deepens
In July, Inter Presse news service reported that a top U.N. official was preparing a new study that will outline numerous global tax proposals to be considered by the General Assembly at its September meeting. The proposals will likely include everything from global taxes on e-mails and Internet use to a global gas tax and levies on airline travel. If adopted, American taxpayers could wind up paying hundreds of billions of dollars each year to the United Nations.
While as President, Barack Obama has been lukewarm on the topic of global taxation, he is a supporter of giving more of America’s money to other nations. As a senator in 2008, according to Accuracy in Media, Barack Obama sponsored the Global Poverty Act, which would have committed the U.S. to spending 0.7 percent of GNP (or $845 billion over a 13-year period) on foreign aid.
Inexplicably, ever since the #Occupy movement, union bosses and their bought-and-paid for Democrat politicians launched the Robin Hood tax and spend plan, there has no widespread condemnation.
Perhaps there are some who think that, by condemning the plan for global taxation, they are siding with the ‘1%.’ Perhaps, there are those who should be condemning the idea of a global tax but they don’t realize that a global tax, enacted by the governments of the world will lay the foundation for more forms of taxation by a worldwide body. Perhaps there are just too many who are no longer concerned about America’s sovereignty. Whatever the case, unless Americans realize that the Robin Hood Tax is only the beginning for all Americans to become taxpayers who subsidize the world, the machinations of the Left may likely become a reality.
As Front Page Magazine’s Joseph Klein aptly stated about the Robin Hood Tax supporters’ argument:
This grand wealth redistribution scheme “would allow those who benefit most from globalization to help those who benefit least,” the report argues – a variation of Karl Marx’s anthem “from each according to his ability, to each according to his need.”
“I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.” Thomas Paine, December 23, 1776
Cross-posted on LaborUnionReport.com.
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- Is a Robin Hood tax all it seems? | Morning Star
- ‘Robin Hood Tax’ Would Steal from Investors Just Like YOU | InvestorPlace
- The Robin Hood Tax Won’t Work | CNBC
- Bill Gates Urges Obama to Embrace Global Tax
- Tiny Tax on Financial Trades Gains Advocates
- The UN Push for Global Taxes