Free Markets, Free People

Daily Archives: October 8, 2009

Israel: What Peace Deal?

After it appeared there might be a possibility the US might broker a “final accord” following the meeting in New York, Israel is pouring cold water on the idea:

Israel’s powerful foreign minister declared Thursday that there is no chance of reaching a final accord with the Palestinians any time soon, casting a pall over the U.S. Mideast envoy’s latest effort to get peace talks moving again.

Peacemaking policy in Israel is decided by the prime minister’s office, and not the foreign ministry. But Foreign Minister Avigdor Lieberman carries significant weight in Israeli decision-making, and his is a sentiment common among confidants of Israeli Prime Minister Benjamin Netanyahu.

Or, said another way, Lieberman is only saying what Netanyahu is thinking. With all the happy talk coming out of the Obama administration after the President managed to get Netanyahu and Palestinian President Mahmoud Abbas in the same room in New York, you’d have thought peace talks and happy days were just around the corner.

Not so says Lieberman:

Lieberman told Israel Radio on Thursday that anyone who thinks the two sides can soon reach a deal ending their decades-old conflict “doesn’t understand the situation and is spreading delusions.”

What the two sides should do, he said, was to come up with a long-term interim arrangement that would ensure prosperity, security and stability, and leave the tough issues “to a much later stage.”

This approach runs counter to U.S. efforts to reach an Israeli-Palestinian peace deal quickly. Obama has declared that establishing a Palestinian state alongside Israel is a vital U.S. interest. Also, Israel would not find a Palestinian partner for putting off a resolution to the conflict indefinitely.

Lieberman’s view does not bode well for U.S. attempts to restart negotiations.

The non-negotiable point for both sides is settlements on the West Bank. Abbas won’t go to the negotiating table without them and Netanyahu refuses to freeze such settlements permanently. Without a resolution on that, there are no negotiations, and such a resolution seems improbable at the moment.

~McQ

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So What Did The G20 Decide? To Explore Taxing The World

Apparently they decided to explore a global tax:

Bob Davis of the Wall Street Journal deserves a journalism prize for taking the time to read the recent communiqué issued by the G-20 countries meeting in Pittsburgh. He found they had assigned the International Monetary Fund (IMF) the job of studying how to implement a global tax on America and the rest of the world.

“The IMF assignment from the G-20 has been widely overlooked,” Davis noted. His article ran under the headline, “IMF Mulls Global Bank Tax.”

The “Leader’s Statement” endorsed by President Obama and released at the event declares on page 10 that “We task the IMF to prepare a report for our next meeting with regard to the range of options countries have adopted or are considering as to how the financial sector could make a fair and substantial contribution toward paying for any burdens associated with government interventions to repair the banking system.”

The term “fair and substantial contribution” is code for a global tax. Other misleading terms for global taxes include “innovative sources of finance” and “Solidarity Levies.”

Those that believe in the concept of “one world government” have been wanting global taxes for decades. The money would give them a completely different type of power – a revenue stream vs. having to rely on donor money. Note the “source” of the tax revenue – the “financial sector” or those “evil, rich Wall Street types.” Too easy:

While the global tax would affect the savings of ordinary Americans and be passed on to consumers, it is being packaged by the international left and its progressive allies in the U.S. as an assault on Wall Street and the big banks.

If you’re shaking your head and trying to push this off as some anti-left fantasy, try this:

Meanwhile, President Obama used his recent speech to the United Nations to declare, “We have fully embraced the Millennium Development Goals.” He left unsaid what this means. It has been calculated that this will cost the U.S. $845 billion to meet U.N. demands for a certain percentage of Gross National Product to go for official foreign aid to the rest of the world. Compliance with the Millennium Development Goals (MDGs) was incorporated into the Global Poverty Act that Obama had introduced as a U.S. senator but which never passed.

A global tax of the kind envisioned in the G-20 document could help provide the revenue to fulfill Obama’s promise to comply with the MDGs.

Yes, he did introduce such an act, and no, thankfully, it didn’t pass. But we’re in an entirely different situation now than in 2007 aren’t we?  In addition to all the other economy killers, our betters are “exploring” another scheme to loot almost a trillion dollars from the American taxpayer (and others around the world).

The most popular proposal is called the “Tobin Tax”:

One proposal, popular at the United Nations for decades and long-advocated by Fidel Castro, is the Tobin Tax, named after Yale University economist James Tobin. Such a tax, which could affect stocks, mutual funds, and pensions, could generate hundreds of billions of dollars a year. Indeed, Steven Solomon, a former staff reporter at Forbes, says in his book, The Confidence Game, that such a proposal “might net some $13 trillion a year…” because it is based on taking a percentage of money from the trillions of dollars exchanged daily in global financial markets.

And we can’t have that much money flying around not being taxed appropriately, can we? Not when it can fulfill a long held dream for some.  Make no mistake – this is not about an equitable global tax, not that I’d support that either, but this is a redistribution of the wealth scheme, plain and simple:

What is driving the global taxation agenda is a Marxist view that the U.S. is exploiting the people and natural resources of the world. According to this perspective, international institutions such as the International Monetary Fund, the World Bank and even the U.N. must be restructured and provided with new financial resources to supervise and manage the redistribution of the world’s wealth. The United States, being the leading capitalist state, has to pay the largest price.

Their attitude was expressed at a non-governmental organization forum in Monterrey, Mexico, associated with the U.N.’s International Conference on Financing for Development, that Christopher Columbus “invaded, destroyed and pillaged” the hemisphere and that a global tax was necessary to pay for the damage.

In his 2001 speech to the U.N. World Conference on Racism, Castro advocated the Tobin Tax specifically in order to generate U.S. financial reparations to the rest of the world. He declared, “May the tax suggested by Nobel Prize Laureate James Tobin be imposed in a reasonable and effective way on the current speculative operations accounting for trillions of US dollars every 24 hours, then the United Nations, which cannot go on depending on meager, inadequate, and belated donations and charities, will have one trillion US dollars annually to save and develop the world.”

Because all this prosperity destruction is our fault.

Keep an eye out for this scheme as it develops. This has been a “progressive” dream for quite some time. They now have the man and the Congress to make it come true.

~McQ

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