Attn: David Crockett
Re: News Tip for Betrayal Blog

[b]Progressives Back Obama Push for Global Tax[/b]
http://www.aim.org/aim-column/progressives-back-obama-push-for-glob...
By CLIFF KINCAID
October 6, 2009

"Bob Davis of the Wall Street Journal [...]read the recent communiqué issued by the G-20 countries meeting in Pittsburgh. He found they had assigned the International Monetary Fund (IMF) the job of studying how to implement a global tax on America and the rest of the world [...]

"One proposal, popular at the United Nations for decades and long-advocated by Fidel Castro, is the Tobin Tax, named after Yale University economist James Tobin. Such a tax, which could affect stocks, mutual funds, and pensions, could generate hundreds of billions of dollars a year. Indeed, Steven Solomon, a former staff reporter at Forbes, says in his book, The Confidence Game, that such a proposal "might net some $13 trillion a year..." because it is based on taking a percentage of money from the trillions of dollars exchanged daily in global financial markets [...]"

[b]US Cedes Economic Independence To IMF[/b]
http://www.youtube.com/v/xbTCmSdHvrk&hl=en&fs=1

Thank you, CAT

Share

Reply to This

About

Ken-in-AR Ken-in-AR created this Ning Network.

© 2009   Created by Ken-in-AR on Ning.   Create a Ning Network!

Badges  |  Report an Issue  |  Privacy  |  Terms of Service