UN’s Global Taxes

While most of us focused on the verbal match between Ahmadinejad and Netanyahu, the United Nations is trying to find ways of increasing its revenue. How? Through an array of new taxes of course:

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.

These latest global tax proposals have received various forms of endorsement  at U.N. meetings over the spring and summer, and will be entered into the record  during the 67^th  U.N. General Assembly session, which began this  week. The agenda for the entire session, lasting through December, is scheduled  to be finalized on Friday.

Here’s something that Governor Romney easily could work into the campaign in the last forty days by standing up for national sovereignty and telling the global taxers to take a hike. At the very least, I expect some mention of this during the foreign policy debate.