Global Taxes? 75% Top Tax Rates? Think it can’t happen? You haven’t been paying attention

The failed policies of the past are all around us.  In Greece, France, California, Illinois and more.  You can’t keep giving away free stuff.  Someone has to pay for it all.  That someone, eventually is you.  No matter who you are.  You’re delusional if you think a 1% UN GLOBAL TAX would stop at ‘billionaires’.  Once that “Pandora’s Box” is opened, it would never get shut.  And you’re equally confused if you think 45-75% tax rates can’t happen to the middle class.  The looter class in Europe riots every time $5 Euro is cut from a budget so the politicians raise taxes.  The people they tax move, the cycle repeats.

It is a GLOBAL spending problem.  Every nickle that gets collected just goes to finance old spending or support new spending or justify more spending.  IT NEVER REDUCES DEBT.  The only answer is to CUT SPENDING.  

And disband the UN – or at least kick them out of NYC.
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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.

President Francois Hollande’s Socialist government unveiled sharp tax hikes on business and the rich on Friday

To the dismay of business leaders who fear an exodus of top talent, the government confirmed a temporary 75 percent super-tax rate for earnings over one million euros and a new 45 percent band for revenues over 150,000 euros

Business will be hit with measures including a cut in the amount of loan interest which is tax-deductible and the cutting of an existing tax break on capital gains from certain share sales – moves worth around four billion and two billion euros each.

“The government is impeding investment and so will block innovation,” Entrepreneurs Club head Guillaume Cairou said of the preference for raising taxes rather than cutting spending.

“France is sick because of the model it has … but is choosing to preserve it.”


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