Tuesday, March 07, 2006
International Taxes: Withdrawn Soon From a Paycheck Near You!
by Ron Paul
April 15th is once again approaching and with it the necessity of filling out your tax return. It is a good time to reflect on the taxes you do pay – and especially on the taxes you may soon be forced to pay. Throughout the year you paid federal taxes through withholding, including Social Security payroll taxes. You also paid state income taxes, unless you’re fortunate enough to live in Texas or another state without an income tax. You paid local property taxes. You paid local sales taxes and numerous miscellaneous taxes on your vehicles and gasoline and so many other things. Like most people, you probably feel taxed to death by all these layers of taxes. Well, hold on to your wallets, because the United Nations once again has launched a plan to impose a whole new level of global taxes on us.
The latest UN tax scheme was revealed at the World Economic Forum in Davos, Switzerland in January. At this conference of the world’s financial elite, the United Nations Development Programme (UNDP) unveiled a UN plan to take seven trillion dollars from developed nations for use by the UN to save the rest of the world from all of its problems.
The United Nations remains determined to rob from wealthy countries and, after taking a big cut for itself, send what’s left to the poor countries. Of course, most of this money will go to the very dictators whose reckless policies have impoverished their citizens. According to the international bureaucrats of the UN, wherever poverty exists in the rest of the world it is always our fault. According to them, our prosperity comes not from hard work, legal protection of property rights, and our capitalist system, but rather because we exploit the poor of the third world. Somehow, it’s always our fault.
Where will the seven trillion dollars to fund the latest UN scheme come from? Much of it is to come from a UN-imposed fine on countries that in the UN’s judgment are polluting too much. This attack on productivity will slow our economy and lead to a loss of jobs in the United States. The UN global tax plan also resurrects the long-held dream of the “Tobin Tax,” and doubles the targeted income from such a tax to a whopping three trillion dollars.
The "Tobin tax," named after the Yale professor who proposed it, would be imposed on all worldwide currency transactions. Such a tax could prove quite lucrative for the UN, given the vast amount of currency that trades hands at certain times. It also might be a politically acceptable starting point, because most average people do not engage in cross-border currency transactions. A dangerous precedent would be set, however: the idea that the UN possesses legitimate taxing authority to fund its operations.
Since I was elected to Congress I have been fighting continuously against these UN efforts to pick your pocket. In the 109th Congress I successfully amended the Foreign Operations Appropriations Act of 2005 to prohibit any of the funds in the Act from being used by the U.N. to develop or publicize any proposal concerning taxation or fees on any United States person to raise revenue for the U.N. or any of its specialized or affiliated agencies.
I also introduced H.R. 1017 in the current Congress which would permanently prohibit United States contributions to the United Nations if that organization develops, implements, or publicizes any proposal to tax Americans.
Of course, my preference is that the United States end its participation in the corrupt UN entirely, and I introduce HR 1146 in every Congress to do just that. But until my colleagues are willing to take this important step, I will continue to offer measures like my amendment last year to help protect your hard-earned money from the greedy hands of the globalist United Nations.
March 7, 2006
Dr. Ron Paul is a Republican member of Congress from Texas.