There will be a 1 percent tax on billionaires around the world, and a tax on all currency trading in the U.S. dollar, the euro, the Japanese yen, and the British pound sterling.
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 to poorer ones, in line with U.N.-directed economic, social, and environmental development.
We can expect a new global tax on all financial transactions, including stock and bond trading, and trading in financial derivatives.
New taxes on carbon emissions and on airline tickets are proposed.
There will also be a “royalty” on all undersea mineral resources extracted more than 100 miles offshore of any nation’s territory.
How to convince developed countries wracked by economic recession and spiraling levels of government debt is another issue, which the world organization may well end up trying to finesse.
The world organization, and its constellation of funds, agencies, and programs, has been pushing “innovative financing” for nearly a decade.