Sunday, September 03, 2006

Buddy, Can Ya Spare A Few Trillion?

On July 19 I wrote about a Belgian, Paul Belien, whose blog, The Brussels Journal, reports on the mischief caused by socialist governments in Europe. Using an article written in the Sept. 1 Washington Times by Richard Rahn, Mr. Belien reports that:
The world’s bureaucratic elites, including the United Nations, are demanding that the rich nations spend 0.7 percent of their gross domestic product on development aid. This is more than $300 billion a year, or well over $3 trillion over the next decade. The demand for such huge funds is given as the main rationale for global taxes to be levied on the world’s taxpayers, outside the control of and accountability to national governments.
Now if there is anything that a bureaucrat loves more taxes I couldn't tell you what it is. The ability to impose taxes is only second to waging war as an excerise of political power (well except for Fwance, ya gotta win one every now and then).

Can you imagine Coffee Annan's coffers after receiving an additional $300 billion a year? This amount is over and above the usual tomfoolery that the UN wastes funds on! We'll have every poor relation from every festering hole on the planet flying into Turtle Bay for a handout.
If international taxes were imposed to go directly to such organizations as the U.N., the World Bank, the IMF, the OECD and others, to whom would they be accountable? What would be the economic impact of this increased taxation? How would the taxpayers of the world have their liberties protected from ever increasing global tax tyranny?
They wouldn't be held accountable. And there would be no protection. That's the whole point of taking it from the developed nations and giving it to the poor ones. It just disappears into a black fiscal hole never to be seen again except in the bank accounts of tinpot dictators and terrorists. This is what happened in Palestine and happens every day in Africa, Asia and every place else that American largesse appears.

And what is being done about it?
On July 19, the House of Representatives approved an amendment to prevent the enactment of any international tax by restricting funds appropriated to the U.N. Sen. James Inhofe, Oklahoma Republican, has introduced legislation to withhold funds from the U.N., the OECD or other multinational organizations that endorse or promulgate policies that result in global taxes or hinder tax competition. Mr. Inhofe already has 31 co-sponsors to this bi-partisan legislation.
Contact your Senator and Congressman as soon as possible and insist that this legislation be passed.
Hundreds of billions of dollars of development aid have been poured into Africa over the last half century, and in many cases only made matters worse.
International aid is a joke. We have already forgotten the food rotting on the wharves in Mogadishu as tens of thousands of people were systemically starved to death by Somali warlords.
...the U.N. is incapable of presenting a set of books for its own operation that can be audited and was responsible for the largest financial scandal in the world’s history – the Iraq oil-for-food program.

No comments: