Posted On America’s Survival-By Cliff Kincaid-On October 11, 2011:
“Jumping on the anti-Wall Street media bandwagon, Josh Boak of Politico says Democratic Rep. Peter DeFazio’s “measure” to tax Wall Street has “newfound momentum.” The Soros-funded Think Progress blog quickly jumped on the report, saying the plan is being seriously considered on the Hill. There is only one problem: DeFazio hasn’t introduced any such bill in the current Congress.
Despite the hype from Politico, the issue is a real one. And the threat is not only a “Wall Street financial transactions tax” that could affect ordinary investors but a global tax to finance various international agencies and causes.
{…}
It’s just a “tiny tax,” say proponents, that has the support of billionaire Bill Gates and can generate $100 billion a year. A global tax on financial transactions could generate at least $700 billion a year from the U.S. and other “rich” countries.
One of the groups pushing the tax is the group National Nurses United, whose Massachusetts affiliate is alreadyputting its political muscle behind radical Massachusetts Democratic Senate candidate Elizabeth Warren. Her speech to the Massachusetts Nurses Association convention was given in front of posters saying, “RNs say Heal America. Tax Wall Street.”
Warren just made big news by raising more than some presidential candidates did in the last quarter.
Taking Obama’s class warfare rhetoric to a new level, Warren recently said, “There is nobody in this country who got rich on his own. Nobody! You built a factory out there? Good for you! But I want to be clear: You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You, uh, were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory and hire someone to protect against this because of the work the rest of us did.”
{…}
At this point, the Capitol Hill “Tax Wall Street” measure has yet to be introduced. Backers are apparently waiting for the “Occupy Wall Street” protests to build, with further help from the media.
“The Oregon Democrat has teamed up with Sen. Tom Harkin (D-Iowa) to introduce the measure a sequel to their 2009 bill before the November G-20 meeting in Cannes, France,” says Boak.
Boak says the DeFazio-Harkin proposal “fizzled two years ago” in the last Congress. The term “fizzled” is an understatement. The House version, H.R. 4191, only had 25 co-sponsors. The DeFazio bill was referred to the Committee on Ways and Means, the Committees on Rules, and the Budget Committee. But no action was taken on it.
{…}
Harkin’s Senate version, S. 2927, fared even worse. He had only three co-sponsors: Sherrod Brown, Bernard Sanders, and Sheldon Whitehouse. It was referred to the Committee on Finance, which took no action.
A photo caption for the Politico story refers to Harkin being a sponsor of the bill which “probably” will be offered before the G-20 meeting in November.
So a bill that already had “momentum” may or not be introduced soon. What is going on here?
The Boak story has all the earmarks of a plant by the Institute for Policy Studies (IPS), a Marxist group pushing the tax which held a seminar on the topic at the recent Take Back the American Dream conference in Washington, D.C. It was announced there that a nurses union would be staging a “D.C. action” on November 3 during the G-20 summit being held in France.
Indeed, this is the next phase of “Occupy Wall Street” a carefully orchestrated attempt to make it seem like people all around the world are clamoring for a tax on Wall Street. Here, the National Nurses United (NNU) is leading the charge and will hold its “major action” in front of the U.S. Treasury Department in Washington D.C. on November 3.
The nurses will wear their nurses’ garb and hold signs proclaiming, “Heal America. Tax Wall Street.” NNU has created a “Protest in the USA” web site to help organize the demonstrations.
The “momentum” for the not-yet-introduced proposal is the result of a far-left network that wants to use the current “Occupy Wall Street” protests to push and pass the tax, which could go global.
The effort cannot be dismissed. On the international level, a group called “Make Finance Work for the People and the Planet” boasts 1000 signatures of economists on a petition for the “Robin Hood tax.”
The IPS released a report last year promoting the tax, noting how it could help pay for U.S. “global commitments around poverty, health and climate.” The report states, “If the U.S. is going to fulfill its commitments to the world’s poorest, it needs to contribute an additional $80 billion in revenues per year.”
Internationally, the campaign is being organized by Public Services International (PSI), with affiliates in Europe, Latin America, Asia,
African and Arab countries.
U.S. affiliates of PSI, in addition to National Nurses United, are the American Federation of Government Employees, American Federation of State, County, and Municipal Employee (AFSCME), American Federation of Teachers, International Brotherhood of Teamsters, Service Employees International Union (SEIU). United Electrical, Radio and Machine Workers of America (UE), and the Utility Workers Union of America (UWUA).
A “global day of action” for the tax was already held on June 22 but received little attention here. Sympathetic media coverage of the “Occupy Wall Street” protests is sure to generate significant press attention for the November 3 protests.
The media are determined to create a “progressive” version of the Tea Party, even if the bill to tax Wall Street hasn’t been introduced yet. The actual introduction of the measure will be big news on the evening news programs.
After this is accomplished, critics of the “Occupy Wall Street” movement will no longer be able to say that the protesters have no concrete demands. Obama, at the G-20 event, will undoubtedly then “consider” the proposal, even perhaps say some more kind words about the protesters.
We saw this before. In my December 14, 2009, column, “The Secret Plan to Pass a Global Tax,” I noted that there was a push for the DeFazio-Harkin plan at that time.
The difference now is that the “Occupy Wall Street” protesters, assisted by Van Jones, Soros-funded progressives and labor unions, are mounting a major effort to get the measure passed and they have the support of the major media.
Even if they lose the battle in Congress, Obama will have revitalized his base.”
Source:
http://www.usasurvival.org/ck10.11.11.html
Note: The following articles and/or blog posts and videos relate to this disturbing issue-You Decide:
I. Calling Wall Street A ‘Gambling Casino,’ Democratic Rep. DeFazio Proposes Financial Transactions Tax!
Posted on Think Progress-By Marie Diamond-On Oct 5, 2011:
“Echoing the demands of the Occupy Wall Street protesters, Rep. Peter DeFazio (D-OR) is proposing to tax the trading of stocks, bonds, and derivatives. DeFazio, along with his Senate co-sponsor Sen. Tom Harkin (D-IA), has proposed the tax several times in the past. But this time around, the idea is getting a boost of momentum from the popularity of a similar measure in Europe, as well as renewed national media focus on Wall Street profiteering as a result of the 99 Percent Movement:
“Declaring Wall Street a “gambling casino,” DeFazio said the new tax would “both raise needed revenue for the Treasury and rein in speculation on Wall Street.”
Already, the business community is mounting a counteroffensive. With the congressional supercommittee looking to trim at least $1.2 trillion in projected debt over 10 years, the tax could look tantalizing, despite public opposition from many Republicans and Treasury Secretary Timothy Geithner. [...]
The tax could help shrink the deficit — its previous iteration was estimated to add $150 billion a year to federal coffers — and spare Social Security, Medicare and other programs from jarring cuts.”
Even representatives from the U.S. Chamber of Commerce admit that this proposal is going to receive serious consideration this session, as congressional Democrats look to trim the deficit in a way that doesn’t overburden the middle and lower classes that are already stretched to the breaking point. “In reality, a proposal like this is going to be on the table in some regard,” said Tom Quaadman, executive director for financial reporting policy and investor opportunity at the U.S. Chamber of Commerce.
France and Germany have embraced taxing financial trades, and proponents say it’s only a matter of time before the common-sense solution is finally adopted in the U.S. While American bankers are predicting dire consequences if the tax goes into effect, Dean Baker, a co-director at the Center for Economic and Policy Research, says that’s nonsense. “The reality is all you’re doing is raising transaction costs back to where they were 15 or 20 years ago,” he says, noting that the tax has not prevented countries like the United Kingdom from developing vibrant economies.
Top economists and analysts like Reuters’ Felix Salmon have long advocated for a transaction tax as an important moderating influence on Wall Street excess. As Pat Garofolo has explained, “It will help temper trading for trading’s sake and excessive speculation, particularly in the form of high-frequency trading, which only major Wall Street players have the infrastructure to engage in and which will become far more expensive.”
Source:
http://thinkprogress.org/economy/2011/10/05/336517/defazio-financial-transactions-tax/
II. The Secret Plan to Pass a Global Tax!
Posted on Accuracy In Media-By Cliff Kincaid-On December 14, 2009:
“With President Barack Obama attacking “fat cat bankers on Wall Street,” left-wing non-governmental organizations (NGOs) see a great opportunity to pass a global tax on financial transactions that could generate at least $700 billion a year from the U.S. and other “rich” countries. They are expecting Obama’s support.
The banks are a key target because of the “anger” that already exists against them for their roles in the global financial crisis, says a detailed 13-page memorandum from Max Lawson of the foreign aid group Oxfam.
Calling the global Financial Transactions Tax (FTT) “an idea whose time has come,” Lawson says in his memorandum that “politically the time is now” to pass such a tax. “It will take some great campaigning but I think we can do this,” he says in a message introducing the memo.
Lawson explains, “The global anger against the bankers; the huge pressure on rich country budgets; the need for money in 2010 to rescue the MDGs [Millennium Development Goals] and from failure; to protect poor countries from the economic crisis; and the need to come up with money for climate change to unlock a global deal. All combine to make a very strong political backdrop.”
The MDGs were established by the United Nations to make sure that the U.S. and other Western nations devote 0.7 percent of Gross National Product to official development assistance or foreign aid. As a Senator, Obama had introduced a bill, the Global Poverty Act, to mandate U.S. compliance with the MDGs at an estimated cost of $845 billion.
Lawson, head of development and finance for Oxfam in Britain, has distributed his 13-page memorandum to members of NGOs in the U.S. and other countries. “There is potentially plenty of money here for all of our issues,” he tells them.
The global tax is being called “the Robin Hood tax,” in order to convince people that it is somehow designed to take money away from rich people in order to help the poor. Another variation on this theme is the claim that the tax is aimed at Wall Street to help Main Street.
In reality, such a tax would affect IRAs, Mutual Funds and pensions by taxing the exchange of financial transactions. It would hand over great sums of money to politicians in the name of bashing the big banks but ordinary Americans and their life savings would be hurt.
As outlined by Lawson, however, the idea is to create the appearance of public support for the plan, ultimately enabling G8 leaders meeting in Canada in June to agree to the global tax and then get acceptance from the G20 leaders meeting afterward.
At the same time, the U.S. Congress is moving ahead with the “Let Wall Street Pay for the Restoration of Main Street Act of 2009″ (HR 4191), a financial transactions tax introduced by Rep. Peter DeFazio (D-Ore.), a leading member of the Congressional Progressive Caucus.
Lawson’s document cites support for the tax from Democratic House Speaker Nancy Pelosi, who endorsed the DeFazio measure during a December 7 news conference and, according to a CNS News report, announced that the bill would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach.
Senator Tom Harkin (D-Iowa) is introducing a similar bill, which has the backing of the AFL-CIO, in the Senate.
An “Open Letter from Economists in Support of Financial Transaction Taxes” has been released and signed by 200 liberal and left-wing economists.
Lawson also cites support for the tax from billionaires George Soros and Warren Buffet and such media organizations and figures as Le Monde, The Mail, The Guardian and Paul Krugman of the New York Times.
President Obama “supported [the idea] during his campaign,” Lawson says, but the U.S. Treasury Department under Timothy Geithner has been resisting it.
However, Politico reported on December 3 that Pelosi is now pressuring Geithner to accept the global tax proposal. “Geithner was widely seen as opposing such a levy when it was proposed by Gordon Brown, the British prime minister, at a meeting of G-20 finance ministers last month in Scotland,” the publication reported. But after a telephone conversation, “Pelosi told colleagues that the secretary indicated he was more open to some such fee than had been reported,” it added.
Some elements of the Lawson plan that are designed to secure passage of the legislation seem modeled on the 1999 “Battle in Seattle,” when 5,000 activists marched against the idea of global free markets, producing confrontations with police trying to keep order on the occasion of a meeting of the World Trade Organization. Lawson suggests “two or three global events” and “days of action” where “activists climb up banks” in order to pressure officials to adopt the global tax.
Joseph E. Stiglitz, a cabinet member in the Clinton Administration, claimed in his book, Globalization and Its Discontents, that the “protests at meetings of global financial leaders in Seattle, Prague, Washington, and Genoa…” had put pressure on the international community for more global action to solve the world’s problems.
Stiglitz is one of several high-profile figures listed in the Lawson memo as supporting a global financial transactions tax.
In Copenhagen, where governments are now meeting on the so-called “climate change” issue, some of the same leftists have been on display, marching in the streets under the banner of “Climate Justice Action” to demand that the U.S. and other Western nations pay “reparations” and an “ecological debt” to the less developed nations. U.N. reportshave put this figure at $24 – $45 trillion.
On the eve of the Copenhagen summit, French President Nicolas Sarkozy joined with Prime Minister Gordon Brown in issuing a statement calling for a global financial transactions tax and other “innovative financing mechanisms” to assist countries fighting climate change.
Other elements of the Lawson plan seem modeled on “anti-poverty” campaigns such as Live Aid and Comic Relief. Live Aid was a rock music concert held on July 13, 1985, in order to raise funds to fight global poverty, while Comic Relief was designed to use comedy and laughter to alert the public to poverty.
In terms of using celebrities and making a big splash in the media, Lawson cites the case of Richard Curtis, a film director and the “creative energy” behind the Make Poverty History campaign, which urges people to wear a white band around their wrists as a “common symbol of the global fight to end poverty.”
Lawson says Curtis “is very interested in a short campaign” to press for a Financial Transaction Tax and “is working with colleagues in the advertising industry to work up ideas around a set of creative ideas that could be used by campaigns around the world, based on a Robin Hood Tax. His hope is to produce a set of materials that would be useful to all, and give the issue a huge global profile. He is also likely to use his media contacts around the world to ensure high profile for the fight for the tax.”
The global targets are the G8 and G20 groups of nations because the G20 summit in Pittsburgh in September decided that the G20 would replace the G8 as the leading international body for economic matters. As numerous media organizations have observed, the move signaled a major shift in global politics that has seen the authority and power of the U.S. in global affairs undermined. President Obama went so far at the G20 meeting to agree to a proposal for an International Monetary Fund study of how a global tax could be implemented.
Oxfam, which is spearheading the campaign to get a global tax implemented, is one member of an international coalition of organizations working “to fight poverty and injustice.” Its American affiliate receives funding from such entities as the Bill & Melinda Gates Foundation and the Rockefeller Foundation.
So-called progressives in the U.S. are now openly pressuring the Obama Administration to go along with the proposal. “We need to make this bill [the DeFazio/Harkin approach] a reality in the United States–and then take it worldwide,” The Progressive magazine proclaims.
Support can also be expected from the New Rules for Global Finance coalition, which runs the gamut from typical liberal-left groups to religious-oriented organizations.
The main problem with the Lawson scenario is that the truth about massive corruption in the foreign aid business is a matter of public record.
The Senate Foreign Relations Committee published a report in 1995 which revealed that the cost of foreign aid provided by the U.S. to the rest of the world since the end of World War II had already reached nearly $2 trillion, with little to show for it in terms of alleviating poverty.
Two excellent books—The Lords of Poverty by Graham Hancock, and The Road to Hell by Michael Maren–exposed massive corruption in the foreign aid business.”
Source:
http://www.aim.org/aim-column/the-secret-plan-to-pass-a-global-tax/
III. It's Another Soros Link to Occupy Wall Street!-Posted on WND.com-By Aaron Klein-On October 14, 2011:
http://www.wnd.com/?pageId=355477
IV. PSI healthcare workers to deliver economic prescription to G20 leaders: “Apply a financial transaction tax to heal global inequities!”-Posted on Public Service International (PSI)-On October 14, 2011:
http://www.world-psi.org/TemplateEn.cfm?Template=/ContentManagement/ContentDisplay.cfm&ContentID=27884
V. 1,000 Economist’s Letter to G20 and Bill Gates Calling for Financial Transaction Tax!-Posted on Making Finance Work For People and The Planet:
http://www.makefinancework.org/home-english/financial-transaction-tax/1000-economists-for-a-financial/
VI. GCAP - KENYA mark the ‘Global day of action’ with a call to the government of Kenya to support a Financial Transaction Tax!-Posted on FTT Global Day of Action-On June 22, 2011:
http://fttjune.posterous.com/
VII. Taxing the Wall Street Casino!-Posted Institute for Policy Studies (IPS)-By Sarah Anderson, Chuck Collins, Scott Klinger, Janet Redman, Kevin Shih-On June 17, 2010:
http://www.ips-dc.org/reports/taxing_the_wall_street_casino
VIII. Video: Communists and Democrats March Together in Occupy Wall Street protest!-Posted on Western Journalism-By NewsEditor-On October 14, 2011:
http://www.westernjournalism.com/communists-and-democrats-march-together-in-occupy-wall-street-protest/?utm_source=Western+Journalism&utm_campaign=72dafeb626-WCJ_10_14_1110_14_2011&utm_medium=email
IX. Video: Breitbart Reveals Radial Activists Organizing Overthrow of U.S. Government Through Violence!
https://www.youtube.com/watch?feature=player_embedded&v=QTIADS4RKyw#X. Tea Party Launches Attacks on 'Occupy Wall Street'!-Posted on NewsMax.com-By Martin Gould and David A. Patten-On October 13, 2011:
http://www.newsmax.com/Headline/tea-party-wall-street/2011/10/13/id/414367?s=al&promo_code=D402-1
XI. Protests Peril For Obama!-Posted on DickMorris.com-By Dick Morris-On October 12, 2011:
http://www.dickmorris.com/blog/protests-peril-for-obama/
Note: My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:
Is President Obama inciting riots across the US?
http://weroinnm.wordpress.com/2011/02/23/is-president-obama-inciting-riots-across-the-us/
New World Order By Executive Order!
http://weroinnm.wordpress.com/2011/02/13/new-world-order-by-executive-order/
Progressives and Communists Are Out of the Closet Together!
http://weroinnm.wordpress.com/2010/10/05/progressives-and-communists-are-out-of-the-closet-together/
Is it important to understand the Marxist assault on the foundations of our system?
http://weroinnm.wordpress.com/2011/01/27/is-it-important-to-understand-the-marxist-assault-on-the-foundations-of-our-system/
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!
https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related
Semper Fi!
Jake
