The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical.
~ Thomas Jefferson
President Obama must be ecstatic, his best buds at the U.N. want to tax billionaires and give their money to poor countries, money which will undoubtedly end up in the hands of warlords, dictators and corrupt governments. It will subject our wealthy citizens to unlimited global taxation and governance.
This global minimum tax Biden is referring to in this video gives the power to regulate, oversee, and disperse the taxes collected to the U.N. not the U.S.
In fairness, in this video, while advocating for a reduction in the corporate tax rate, Joe Biden was referring to an Obama administration proposal to ensure that American companies pay a “minimum tax on their overseas profits” to combat offshoring — not any kind of new international tax. It’s basically another cap and trade type scheme.
Obama and Biden are naive or they are complicit. Giving the U.N. any power to tax us in any way will set a very dangerous precedent. In fact, this Biden rhetoric has emboldened the U.N. to now say they want this redistributive taxation on billionaires.
Once the U.N. can tax any of our people, it will trickle down to all of us. The U.N. will be globally dominant as a pre-eminent taxing power in the world. This is an organization which just put Iran on the Arms Trade Treaty Council and is considering Said Assad for the Human Rights Council.
The Center for American Progress is very supportive of a global tax.
It’s not simply about the tax. If the U.N. can tax us, they can control us.
The U.N. also wants a carbon tax and that would effect each one of us. [The airlines traveling to the EU are now going to be taxed by the European nations for carbon emissions and the EU is doing this unilaterally.]
The U.N. wants to tax currency transactions.[Robin Hood tax]
There will be no end to any of this because the world is out of money. This is their time to strike because we have a weak presidency which supports globalization on this level.
Why would any country want to subject themselves to global taxation by a corrupt organization? It is not only about taxing the rich in the U.S., it’s about taxing them globally as well. It’s called Marxism.
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