Friday, October 24, 2008

Obama's Global Poverty Act

Obama's bill, S.2433, shows that he plans to "spread the wealth" beyond just "the middle class" and to the world. Do you think you're paying taxes now? Wait until Obama gives the U.N. the power to tax us as well. Edward Cline, writing in Capitalism Magazine, describes the problem.
The bill was the subject of a strong editorial in Investor's Business Daily of February 28, 2008, "Obama's 0.7% Solution For Poverty Gets Pass from Senate Republicans." According to IBD, the bipartisan bill would require the president "to develop and implement a comprehensive strategy to further the U.S. foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide between 1990 and 2015, who live on less than $1 per day."

The "Millennium Development Goal" refers to a United Nations declaration adopted by the U.N. Millennium Assembly and Summit in 2000 that calls for "the eradication of poverty" by "redistribution (of) wealth and land," cancellation of "the debts of developing countries" and "a fair distribution of the earth's resources." The IBD reports that "The Millennium project is monitored by Jeffrey D. Sachs, a Columbia University economist. In 2005 he presented then-U.N. secretary general Kofi Annan with a 3,000-page report based on the research of 265 so-called poverty specialists. "Sachs' document criticized the U.S. for giving only $16.5 billion a year in global anti-poverty aid. He argued that we should spend an additional $30 billion a year in order to reach the 0.7% target that the U.N. set for the U.S. in 2000....Sachs said that the only way to force the U.S. to commit that much money is by a global tax, such as a tax on fossil fuels [oil, coal, natural gas]." The tax would be imposed not only on their production, but on their use, as well. Among other consequences, Americans would be impoverished for the purpose of reducing poverty abroad by 0.7 percent of the U.S.'s gross domestic product.

The Millennium declaration, reports IBD, also calls for a "currency transfer tax," a "tax on the rental value of land and natural resources," a "royalty on worldwide fossil energy production - oil, natural gas, coal," "fees for the commercial use of the oceans, fees for airplane use of the skies, fees for use of the electromagnetic spectrum, fees on foreign exchange transactions, and a tax on the carbon content of fuels."
Man, you have to admire the purity of vision. Obama wants the United Nations, an organization known to be corrupt, to have sovereign power over us. Let them tax our access to the ocean and the sky; production and use of fuel, including our own coal. The scope of Obama's plan is breathtaking.

Would you like to guess how much the cost of energy - and everything else - will rise once this is in place?  How it will further devastate the economy? But that's not even the worst of it.

As Cline writes,
But the Obama bill does more than allow the U.N. to tax American citizens. It is more than a matter of legality or illegality. For all practical purposes, it surrenders U.S. political sovereignty and independence to the U.N., an organization most of whose members are actively hostile to the U.S.
Obama for Change!  

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