29 April 2024
Watch Out for a Global Wealth Tax
The Wall Street Journal says Watch Out for a Global Wealth Tax
As the ruling elites kleptosocialist agenda advances, the demand to tax and redistribute income is becoming irresistible as governments, agencies of state, business and the media fall to the glamor* of woke ideology. Details of the latest scam arrives in a proposal by four
countries in the G-20 group of nations to impose a 2% wealth tax on the
world’s billionaires.
WSJ writes:
“The tax could be designed as a minimum levy
equivalent to 2% of the wealth of the super-rich,” write economic
ministers of Germany, Spain, Brazil and South Africa in the Guardian.
They say the levy would raise about $250 billion a year from some 3,000
billionaires and “would boost social justice and increase trust in the
effectiveness of fiscal redistribution.” The countries plan to float
this at the next G-20 meeting in June.Presumably, the plan is to
have the G-20 endorse the idea, including President Biden and Treasury
Secretary Janet Yellen. Then negotiate a global tax deal that would wait
until Democrats control all of the U.S. government to approve it, even
if that takes many years."
That’s more or less what Ms. Yellen has
done with her global minimum tax on corporations, and the four ministers
are candid in saying the G20 proposal is their model. The wealth tax “is a
necessary third pillar that complements the negotiations on the taxation
of the digital economy and on a minimum corporate tax of 15% for
multinationals,” the ministers write.
Ms. Yellen went along with
the ideas of 2% and fiscal redistribution, though they would subject American
companies and wealthy individuals to foreign tax raids of the kind to which the U.S. government has always been opposed. An architect of the wealth tax idea is French socialist Gabriel
Zucman, currently employed as a professor of economics and public policy by the University of California (say no more,) who was also behind Yellen’s failed global minimum tax scheme.
This idea could cause economic turmoil if G20 governments try to implement it, as there will be an exodus of money to places like Dubai, Singapore, The Cayman Islands and Lichtenstein. Schemes like this are doomed from the start, recall the notorious Robing Hood Tax proposed around 15 years ago which planned to levy a half of one per cent tax on ALL financial transactions.
When I wrote that such a tax could not possibly work, lefties could not wait to pile into the thread accusing me of hating the poor and accusing me of being a Scrooge like figure if I begrudged 50 pence tax when I spend £100. I was very happy to expose their ignorance by telling them that no, I would not miss a few pennies tax on my financial transactions, but corporate and inter - bank transactions in the financial markets work not on percentage points but Basis Points (bips), a Basis Point being one hundredth of one per cent, and the profit margins involved are often less than half a percentage point.
Once a
global wealth tax is in place, you can be sure that billionaires won’t
be the last target, although the suggestion that billionaires will fund a redistribution of wealth to the world's poor is clearly bollocks. Billionaires have their wealth tied up in networks of offshore shell companies and trusts that are so opaque the tax agencies can never unlock them.
However the Biden Administration is a Pythonesque circus of far left globalists who are always happy to cede more sovereign power to multilateral
institutions while hiding their own business affairs on tax havens. President Biden is campaigning on a wealth tax of his
own that would impose the highest tax rates on Americans since before
the Reagan tax reform. For this crowd, talk of taxing American billionaires to redistribute income around the world is just the usual empty rhetoric, designed to secure the working class vote with promises of jam tomorrow, a phrase which, appropriately perhaps, comes from Lewis Carroll's story, Alice In Wonderland.
As is so often the case, the US Constitution is the main obstacle to this globalist scam Letting the G-20 set US tax rates would be unconstitutional, but since when did The Biden Administration give a damn about the constitution, the law or the inalienable human rights set out in the Geneva Convention?
Besides, if Democrats get control of the Senate, House and White House they may try to pack the courts with activist judges again, as happened in the Clinton and Obama presidencies. For the sake of balance the Republicans did the same in the Bush 2 era.
READ MORE in this US Treasury PDF, "General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals" but be warned, its about 250 pages without any jokes or cartoons. (OK, I admit I only read a summary in the Financial Times.)
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Dont Dictate To Us On Human Rights, Justice Secretary Raab Tells EU
Justice Secretary Dominic Raab told the Conservative Party Conference last month Boris Johnson had given him the task of rewriting the The Human Righrs Act when he moved him from the Foreign Office in September’s reshuffle. This week Raab revealed details on how he plans to block interference from Strasbourg in British matters as part of his remit.
Soros Is Responsible for Europe's Immigration Crisis Says Hungary's Viktor Orban
With Britain's Conservative Government pressing ahead with a 'hard Brexit agenda, and the Trump administration setting abou demolishing the expressway to socialism Barac Obama had spent eight years contruction, there is a lot of speculation and precious little hard evidence to indicate where the globalist elite, having seen their ambition for a world government thwarted will go next.
Post Trump and Brexit, Predicting The Globalists Next Move
Hungary's Prime Minister Viktor Orbán has made the American billionaire and philanthropist George Soros for the current refugee movements in Europe with responsibility. "This invasion (of migrants) on the one hand steered from the tractor business, on the other hand of those (human) activists who support everything that the nation-states weakens,
Goodbye Freedom, Hello Global Governance.
If at any time during the chaos the past eighteen months you have wondered what kind of idiots are running the world and have gleefully trashed economies, disrupted social and commercial life and stripped citizens of their rights and liberties only to bring us, in late October 2021, right back to where we were in late February 2020 when the words pandemic and COVID crept into our consciousness ...
We need a referendum on net zero to save Britain from the green blob
from The Daily Telegraph
As with membership of the EU, the political elite is imposing a revolution on the public without consent. Does the blob never learn? Voters don’t like being treated like naughty children
More Mega-Banks Join The Anti-Dollar Alliance
Right now, most international financial transactions must pass through the US banking system’s network of correspondent accounts. London may be the global capital for currency trading, but the fact that international trades are settled inm US Dollars, the defacto global currency, gives the US government an incredible amount of power. And as we have seen over the past few decades they have not been shy about using and abusing that power.
Globalization: The False Narrative and The Death Of Western Steel Industry
In popular perception, the downfall of the steel industry in Britain, Europe and the USA symbolizes the decline of manufacturing industry in the developed world more clearly than any other of the past half century's economic trends. Over the past few months in Britain two of the last remainings blast furnace steel manufacturing plant, Redcar in North East England and Port Talbot in South Wales have been in the news, both were threatened with closure, in both cases that would have had dire consequences for the local economies. Similar stories have been played out in Germany, France, Sweden, Italy and, most drastically in the USA where the area dubbed 'the rust belt ...
If You Look At How Fast Global Trade Is Unravelling, You'll Get Dizzy
Governments constantly make positive noises about the health of their economies although most people who are in work have felt no improvement on the position they were in after the crash of 2008. Wagest are stangnant, employment has reduced somewhat (see below) and while the banks are printing money and the super rich are widening the gap between themselves and ordinary people faster than ever, the real situation is frightening.
Bilderberg: It's That Time Of Year Again
Every year, the world's richest and most powerful business executives, bankers, media heads and politicians sit down in some luxurious and heavily guarded venue, and discuss how to steer the global economy in a way that maximizes profits for all involved, while perpetuating a status quo that has been highly beneficial for a select few, even if it means the ongoing destruction of ...
News From Davos: America Is Finished Global Governance And NWO To Rule
The World Economic Forum held their annual conference at the exclusive Alpine resort of Davos-Klosters this week. Two thousand five hundred politicians, celebrities, and business leaders from all over the world gather every year for this “Bilderberg style” meeting [ ... ] One of the most significant discussions held at this year's Davos powerfest concerned the growing hostility between citizens and the power elites. "If [the] growing disconnect between governments and citizens is not fixed rapidly, there can be no legitimate, accountable and trusted global cooperation, problem solving or governance." - WEF Everybody’s Business Report
"Go To Hell": Brave EU Politician Tells Globalist Politicians And Billionaire Pshycopaths
As the pushback against an elitist power grab that would end democratic government and establish an authoritarian, technocratic global government struggles to gain momentum in the face of a torrent of scaremongering propaganda, Anderson, a member of Germany's AfD party, has been a consistently vociferous opponent of Klaus Schwab’s Word Economic Forum (WEF) and its ‘Great Reset’ and agenda 2030 power grab.
EU Power Grab Backed By France, Germany, Aims To End Member States Right To Veto Bureaucrats Policy Moves
In what may spell the end for the European Union's ambition to become a federal superstate, Germany and France plan to end the right, currently held by every member state to veto any policy proposed by the Brussels bureaucracy before the end of this year.The debate over the issue has led to increased tensions between members in recent months, but has now been put back on the agenda.
Germany is Now A “Total Dictatorship” Says Dutch Journalist
A Dutch journalist has claimed that Germany is now a “total dictatorship”. This may seem like a case of the pot calling the kettle black given the Dutch government's plan to evict up to 3000 farmer from their land and return those acreages 'to nature' in a bid to lead the way among EU member states, to enforce total compliance with the latest loonytoons EU climate policy which requires EU members to reduce that dangerous pollutant nitrogen, which accounts for 78% of the air we breathe ...
Dutch farmers block roads with tractors in protest of government plan to seize thousands of farms over “climate change”
With the cost of energy and food prices already sky high and set to go higher, the , billionaire psychopaths have declared war on the food that sustains us. The European Union having failed to completely remove the gas essential to all lifeforms, Carbon Dioxide from the atmosphere, is now setting itself up to remove another esstential gas, nitrogen - which accounts for 70% of the air we breathe.
Negative Interest Rates - Final Nail In The Coffin Of Neoliberalism?
Negative interest rates, in plain terms a situation in which we pay bankers for holding our money, are the latest ruse of politicians and economists to make uis start spending our investments and savings, thus kickstarting the global economy thy have screwed up.
The age of financial privacy is over
Yes you read that right. The fascist regime in the USA has usurped to itself the right to raid bank accoutns anywhere is the world. At the moment they are only stealing money by way of tax demands from people who were born on US soil even if those people have not lived in the USA since childhood and have never be employed by a US business.
Inland Revenue a Dysfunctional department that ‘can’t be trusted’ with power to raid bank accounts
Plans to let the taxman take cash out of people’s bank accounts without their permission were condemned by MPs after Rebecca Benneyworth, of the Institute of Chartered Accountants, warned the department is ‘shooting itself in the foot.’ She told the ICAEW conference : ‘Public trust in HMRC would be eroded very quickly if cases come to light where funds have been incorrectly removed. ‘HMRC cannot afford to have public opinion turn against the tax system and those charged with administering it.’Accountants have warned HMRC cannot be trusted ...
Taxes Will Rise If Government Do Not Raid Bank Accounts
Taxes will have to rise unless officials are given new powers to raid people’s bank accounts, David Cameron has said.
The Treasury select committee warned that allowing HM Revenue and Customs to remove cash from bank accounts without court orders is “very concerning” because of its history of mistakes.
The committee said that taxpayers could suffer “serious detriment” if officials are able, either by mistake or through an “abuse” of power, to take money from people who have done no wrong.
Magic Money - How The Fractional Reserve Banking System Conjures Money From Fresh Air:
A look at how the fractional reserve banking system works and how it brought the global economy and many people's personal finances close to collapse. It's really all about pulling magic money out of fresh air.
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From Powerhouse to budding Basket Case in a single generation since the Fall of the Wall. Not for nothing was Mutti Merkel educated at Karl Marx University Leipzig.
End of History or merely end of the beginning. Fool those dolts in the West they’ve won, disappear into forest and reappear in Schwarzwald under cover of party with suitable three-letter acronym. Easy peasy. Plenty of Greenery for camouflage.
Also not for nothing AfD heartland in the old East, where they know which side their bread was not buttered on. West’s luxury believers’ luxuries feeling the squeeze. Electric Trabants are coming soon.
Germany is just one example within a Europe - wide trend: Europe is economically, culturally and spiritually bankrupt. Increasing debt, struggling economy, mass migration, low birth rates, insane policies and among the political leadership a general lack of ideas about how the problems could be solved.
Something in the continent broke, its hard to say when when, but somewhere between the end of World War 2 and the signing of the Maastricht treaty which turned a free trade and economic cooperation bloc of nations into a purely political entity, the European Union.
FROM THE ARCHIVE:
LITTLE ISTANBUL: Turkish Muslims have made Germans feel like foreigners in their own country When Turks buy a building, they don’t allow any German people to move in. The next thing you know, there is a mosque and soon the whole neighborhood has become a ‘NO GO Zone’ for non-Muslims.
'Islam Doesn't Belong to Germany' - New Interior Minister
While mainstream media was hailing the political mastery of Hausfrau - Volksfuhrer Merkel in negotiationg a new coalition deal to keep her in power for another four years, after Germany had been without a government for almost six months, The Daily Stirrer (and other alt_news sites to be fair) warned that the new government of Europe's most powwerful economy was fragile and full of holes. Only days after Merkel was sworn in for a fourth term, the holes in her coalition started to appear ... Continue Reading">
After Triggering Mass Migration Crisis, Germany Bribing Foreigners To Leave
Though Angela Merkel clings to power the effects of her 'open doors' immigration policy damage Germany. It may amuse nationalists to observe as, with one face the pledges support for a United Nations initiative to open all national borders, while with the other she tries to persuade German voters she has listened to public opinion and understands her mass immigration policy is abhorred by a majority of voters ...
German Election: Will Another Term For Merkel destroy German Economy
According to the latest round of opinion polling ahead of the German elections, Angela Merkel looks set to become the joint longest-serving modern German chancellor, that’s despite having been accused of "putting problems on the back burner, and staved off several attempts to indict her on treason charges for her role in the immigrant crisis. Business organisations have also raised doubts about the economic consequences of re-electing her, warning that her new term may bring “stagnation” for Germany.
Majority of Germans Favour Snap Election as Merkel Coalition Talks Stumble
There appears to be no end in sight to Germany's crisis of democracy as the European Union's most populous and economically powerful state continues to stumble along without an effective government. Coalition talks between Chancellor Merkel's CDU/CSU and the left wing Greens and classical liberal Free Domocrats have stalled over irreconcilable policy demands.
Germany Sees Fourfold Rise in Terrorism-Related Cases
According to a report in the Welt am Sonntag, Germany has experienced a huge rise in the number of terror-related cases in just one year, with prosecutors having dealt with more than 900 cases so far in 2017, compared with 250 cases initiated throughout 2016. Around 700 Islamic extremists now living in Germany have been identified by the Federal Criminal Police Office (BKA) as posing a potential terror threat.
A Week Before Election 30% Of German Voters Still Undecided
Polling companies in Germany are indicating that support for Chancellor Angela Merkel’s conservative Christian Democratic Party is still slipping with the election only one week away. More disturbingly perhaps for Hausfrau - Volkfuhere Merkel is the news that over a third of Germans are still unsure how they will vote. An opinion poll published today (15 September) on Friday showing the number of undecideds was not coming down fueled uncertainty about the kind of coalition that will emerge from an election on September 24.
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Merkel Faces Crisis As German Ruling Coalition Collapses
German Chancellor Angela Merkel faces a crisis in her ruling coalition after Bavarian Premier Horst Seehofer demanded she take steps to halt the tide of illegal immigrants entering the country. To have any chance of surviving, the government must present new initiatives for controlling illegal immigration, deal with the critical situation on the Austrian border ...
New German Coalition in Peril as Potential Partners Clash over 200,000 Annual Migrant Limit
Reports that German Chancellor Angela Merkel has agreed a proposal from coalition partner and leader of the Christian Social Union (CSU) Horst Seehofer to limit the number of asylum seekers in Germany to 200,000 per year to secure a ruling coalition may be somewhat premature. Other coalition partners are not as positive on the policy.
Merkel Calls for Beginning of Coalition Talks With Greens, Free Democratic Party
German Chancellor Angela Merkel officially announced on Saturday for the first time that her conservative bloc of the Christian Democratic Union (CDU) and its Bavarian sister party Christian Social Union (CSU) will seek to form a coalition government with the centre right Free Democratic Party (FDP) and left wing loony Greens.
Elections take place in Germany this Sunday, September 24, for the federal assembly (Bundestag) and the presidency (Chancellor). While Angela Merkel looks set to win a fourth term as Chancellor and the most likely outcome of the election is another "Grand Coalition" between Christian Democrats and Social Democrats that coalition will be a much-weakened if late polls are to be believed.
More news from September 2017
So there you have it, the 'radical left' are sponsored by one of the nastiest, greediest corporate capitalists ever, a shameless advocate of global totalitarian government proposed by theelistist socialist group The Fabian society over a hundred years ago and towards which these supporters of 'oligarchical collectivism' have been working ever since.
In Parallel With The Upheaval In European Politics, A Similar Cataclysm Is Happening In The USA Having reported for three or four years now the rise of the anti - Integration parties in European Union member nations, UKIP in Britain, the FN in France, AfD in Germany, Denmakr's Peoiple's Party, Five Star and the Liga Nord in Italy, the Sweden Democrats and others in every E U member state, we now look at what is going on in the USA as campaiging for the presidential election gathers pace.
Back to Contents tableWar On Cash - A Country By Country Guide
EU Stitch Up To Promote Euronazi Selmayr Is Typical Of The EU’s Contempt For Democracy "2018-03-15T20:12:22+00:00"> Martin Selmayr – would you buy a used car from this man? (Image: Daily Mail) The former Prime Minister of little Luxembourg (population less than Leicester,)Jean-Claude Juncker who now struts the world stage as if he is important, has worked one of the slimiest political stitch ups ever to ensure his favourite sycophant and chief … Continue readingMore on the global war on cash being waged by ruling elites in parallel with their war on privacy as they try to exert total control over everything.
Re-Branding Dissent - The Quiet Destruction Of Democracy
Many people, all the contributors to this publication among them, fear that democracy is being destroyed. OK, OK, hipsters will say but ‘we’ve never had democracy’, or, ‘it was destroyed long ago’, but left wing deceit aside, I think its worth actually thinking about how, many forms of democratic expression, effective dissent and peaceful self-determination are being outlawed and abolished in a sustained attack on free speech and civil rights.
How Mainstream Media And The Major Political Parties Are Making Sure Voters Do not Hear The Voices Of Politics' Most Powerful Critics
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and loss of national sovereignty.
US Presidents Of The Past warned Against Secret, Shadow Government. By now it should be obvious that peacemake, joybringer and putative aquatic pedestrian Barack Hussein Obama was never really in charge of the US Government. Whatever Obama said would happen, all the American government's policies ensured the opposit would happen. The embedded article thows some light on how the US government really works
Obama's Terrible Trade Pact Is a Scam That Must Be Stopped Says Jim Hightower
Google Has Become A Threat To Democracy Authored by Mike Krieger via Liberty Blitzkrieg blog, About 10 years ago, Tim Wu, the Columbia Law professor who coined the term network neutrality, made this prescient comment: “To love Google, you have to be a little bit of a monarchist, you have to have faith in the way people traditionally felt about the king.” Wu was right. … Continue readingHaving written a book on the evil trade treaty that will transform the democratic nations into corporate oligarchies, we step aside and hand the baton to Jim Hightower of Alternet who is equally outraged about the iniquities of TTIP's equally evil twin, TPP.
Another Reason To Get Out Of EU. UKIP MEP Hits Out At Fishing Policy That Penalises British Fishing Crews
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and an often overlooked area in which our EU membership has perhaps done more damage than any other, the fishing industry.
Democracy: Does It have A Future Or Has Global Totalitarianism Won?
Democracy Hating Leftie Judges Choose Self Interest Over Justice Yesterday judges in the UK High Court joined the band of traitors in Parliament, the Civil Service, the Bank of England and the media who are trying to overturn the democratic vote to take Britain out of the European Union. The judges ruled in favour of a challenge to the vote, even though it has … Continue readingThe General Election in Greece (January 2014) could have much wider effects than most elections in small nation, the vote could decide the future of the European Union and have a major breaing on whether democracy can survive the push towards government by a global, corporate oligarchy. It look like being an interesting few months if the anti - EU party wins as polls suggest they will.
Greece Votes On Whether Its People Have Any Future The voters of Greece will choose today, whether their country, the cradle of democracy, has a future of not. They are voting in a general election which could result in Greece trying to renegotiate the terms of its bailout with international lenders and even quitting the EU if the expected victory for hard line left wing party Syriza.
The leader of Syriza, Alexis Tsipras, has pledged to write off much of Greece's huge debt and revoke austerity measures ...Luxembourg defends massive corporate tax dodging
Over the past week the whole media circus, mainsteam and broadcast, new media, bloggers, the world and his dog, was getting excited about the revelation that traditional tax haven but also founder member of the EU, Luxembourg has been facilitating wholesale corporate tax dodging and this 'business' was given the all clear by the then Prime Minister of the Grand Duchy,
European Commission puts business profits before the needs of the world’s poorest.
While the left try to win elections by creaming 'racist' and 'bigot' at anyone who disagrees with their pro - EU, pro - globalisation, immigrant - loving, gay - loving, paedophile loving authoritarian agenda, thus pissing off the social class who make up the Labour Party's core vote, the thinkers amongs us are seeing the European Federalisation, Agenda 21, Global Government project for what it ius ... Adolf Hitler's dream come to fruition
Privatization of Water as an Owned Commodity Rather Than a Universal Human Right
Corporate powers and the United Nations are planning on privatising water resources including rainfall, yes you did read that right, privatising the rain. The CEO of food processing bastards Nestlé spoke of the plan last year when he said companies like his had a right to make money from sellling OUR water, now those Stalinisdt shits at the United Nations and The World Bank are planning to steal the stuff life depends on.
Representative government Is Being Replaced By A Global Technocracy
Europe Rape Epidemic caused by immigrantsWhen Peter Mandelson, the architect of the New Labour project that gave Britain it's most authoritarian government in three hundred years and sold out national sovereignty to supranational bureaucracies, says that representative democracy is dying, he does not sound as if he will be one of the chief mournners. What can we do to rescue our democratic freedoms from smooth faced technocrats like Mandelson?
Sharia law zones in European cities
Immigration omnibus
Germany Immigration Problems
Sweden's national suicide by immigration
Ed Butt's page on Germany's Immigration Crisis
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