U.N. Wants New Global Taxes

A 1 percent tax on billionaires around the world. A tax on all currency trading in the U.S. dollar, the euro, the Japanese yen and the British pound sterling. Another “tiny” tax on all financial transactions, including stock and bond trading, and trading in financial derivatives. New taxes on carbon emissions and on airline tickets. A royalty on all undersea mineral resources extracted more than 100 miles offshore of any nation’s territory.

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 — especially the U.S. — to poorer ones, in line with U.N.-directed economic, social and environmental development.

via Fox News.

The U.N. is proving itself to be a net negative.  I don’t agree much with the U.N. or Ted Turner but the latter made a great point once about how the U.N. gave Nikita Khrushchev the forum to bang his shoe and tell the world how the Soviet Union felt.  It doesn’t really matter whether Khrushchev actually banged his shoe or not.  The fact that he was able to stand up and speak his peace was perhaps enough to avoid another world war.

The U.N. is good at that; a place to permit leaders to go and speak their peace.

It sucks at absolutely everything else.