Again, please either goto the UN's website or google agenda and you will see all the "fear-mongering" Dick Morris is talking about. Yes, it will be hard pressed for this to ever happen from the UN, but the FTT is what the UN wants, so I don't understand getting back to the "real point". Let me say this....the things and agenda's of people that I thought would never see the light of day even 10 years ago, is shocking me now. The democrat/liberal party is not even the same when Clinton was in office...it is being run by fascists, socialists, commies...with a big smile and a check to hand out to buy power and votes. Keep your eyes wide open and your ass covered, because what we all thought would NEVER happen....it's happening behind the scenes. FYI...odumbo is fully on board the FTT and has said that before his Presidency. Geithner and Summers basically shoved it under the rug....Summers is gone and so will be Geithner soon (if O gets reelected anyways). Remember....cover your asses!
i really don't need to, as their agenda is irrelevant. The UN is an organisation that can't get the world together on anything. countless examples in the past prove this over and over again, or, even better, just look at the Syria-situation right now. yet Dick Morris thinks there will be a "A UN-imposed tax on billionaires all over the world" simply because Obama is re-elected. The concept of this is so completely unrealistic and in such disregard to where the power in the world really is, i'm lost for words. I'm sure all those Russian oil billionaires are pissing their pants in fear already... ok, now it finally gets interesting. do you have an url to support that. thanks...
Let's remember that any sort of ftt would have to be initiated in the House via the Ways and Means Committee. There is no way that Obama can just wave his magic wand and have the ftt put into law let alone have the UN handle all those billions (LOL). The house will be Republican controlled after the election and the R's will most likely pick up some seats in the Senate. Even if Obama wants the ftt (which his communications directly recently said they don't) there is no way to get the ftt through the house or the Senate. Yes the UN might have a hard on for global taxes but it just ain't happening plain and simple. -Guru
If Obama were on board with the ftt he would have passed it when he had the super majority in the house and Senate. I believe Obama briefly mentioned the ftt before he was elected at a campaign stop. Since then he's thrown out the ftt idea in favor of a direct tax on the banks (fat) which hasn't gained any traction either.
They put Obama on the poster to score more votes. Obama hands are tied by the campain donors so he cannot come publicly endorsing ftt. Democrats (deFazio, Ellison) are trying to make it a law and Ellison act is called "inclusive prosperity act" with tax and redistribution including global good deeds like AIDS etc. Does not mention him and his friends using the money but read this and you get an idea: Strengthen financial security and expand opportunity for low- and moderate-income families, including strengthening the social safety net and expand resources for child care, Social Security, and savings incentives; Expand resources for state and federal investments that protect our health, rebuild our crumbling infrastructure and create good paying jobs by * Expanding and improving Medicare and Medicaid; * Investing in education, job training and public sector jobs; * Providing housing assistance to low-income households; * Investing in transportation including transit and an infrastructure bank that promotes our manufacturing and construction industries; and * Protecting our environment; and * Funding international sustainable prosperity programs such as health care investments, AIDS treatment, research and prevention programs, and international assistance.
It would be wonderful if we could keep this thread to hard news on the FTT issue, and post opinions elsewhere. This is the only thread on this site worth referencing, and hopefully we can keep it to a high level of important updates. Gracias.
Good idea. Just keep in mind that hard news are of historical value and opinions are often forward looking.
True and we would be in much better position now if it had gained traction. It is true that big banks are undertaxed. It made total sense to make those who got taxpayers money pay. These guys are making 7 figures with no personal risk all the way, most of the time they have no extra talents than just making markets on super illiquid OTC products with dumb clients. There are reasons why Main Street wants to tax wall street... We just need to make them understand that pension funds, hedgers, small traders, locals... don't have to be punished. A new article: http://www.reuters.com/article/2012/10/10/eu-transactionstax-idUSL6E8LADEV20121010
Tax that; If more companies in Europe started to move because of taxes that would help to slow down socialist maniacs on FTT and other taxes. This is from CNBC if anybody missed that: Greece's biggest company is leaving the country, drinks bottler Coca Cola Hellenic (CCH) said on Thursday in announcing it will move to Switzerland and list its shares in London, dealing a blow to the debt-crippled Greek economy. CCH has become the country's biggest firm by market value with a capitalisation of around 6 billion euros ($7.7 billion), representing about a fifth of the Athens bourse's total. The company had also complained about the heavy tax load imposed under Greek government austerity measures. Analyst Manos Hatzidakis of Beta Securities in Athens said that the move made sense for the firm, which follows Greek dairy group FAGE this month in seeking a low-tax, low-volatility haven for its corporate base â in FAGE's case Luxembourg. "The Greek bourse is losing a very good company and the London Stock Exchange is gaining a very important group," said Hatzidakis. "It's very bad news for the Greek economy and bourse."