Article

2011-12-06 Economy

Report: Obama, UN to tax US for Green Climate Fund

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Posted by 2011-12-06 00:00|| || Front Page|| [3 views ] Top

#1 Recall how Wall Street, at least part of it, continues to fork over campaign contributions to Bambi?

Hah! Democratic Party aligned Wall Street will underwrite highly leveraged derivatives with this and cause the next Great Collapse.

Posted by Eohippus Phater7165 2011-12-06 02:01|| 2011-12-06 02:01|| Front Page Top

#2 That will come to a complete halt if he even proposes this to the Congress.

Somebody here doesn't understand how crony capitalism works.

Posted by g(r)omgoru 2011-12-06 02:14|| 2011-12-06 02:14|| Front Page Top

#3 He's toast if he were to try anything like this. He might give it a go if he thought he was a lame duck, but he obviously doesn't think so.

Posted by gorb 2011-12-06 05:36|| 2011-12-06 05:36|| Front Page Top

#4 How's he going to implement a tax without congressional approval?
Simple, he'll just do it by executive order. Yeah, I know the Constitution says that all tax measures have to come from Congress (the House, in fact), but so what? All treaties have to be ratified by the Senate, but he can ignore that too.

Posted by Rambler in Virginia 2011-12-06 07:43|| 2011-12-06 07:43|| Front Page Top

#5 Somebody here doesn't understand how crony capitalism works.

Oh I do, and that's exactly why Bambi is toast if he does this -- he'll be messing with the one group of people who thought they'd paid their protection money.

Remember the Chicago way: once bought, you're supposed to stay bought.

Posted by Steve White 2011-12-06 08:01|| 2011-12-06 08:01|| Front Page Top

#6 He'll do it indirectly.

Give the U.N. x00 Billions of Dollars of Taxpayer money. Deficit.

Go to Congress and tell them that they have to raise taxes to pay off the Debt.

Posted by CrazyFool 2011-12-06 08:09|| 2011-12-06 08:09|| Front Page Top

#7 IMO, together they'll find a way to pass the costs to you---as long as there are sheep to shear, crony capitalism works.

Posted by g(r)omgoru 2011-12-06 08:11|| 2011-12-06 08:11|| Front Page Top

#8 Trying to impose taxes without the consent of the representative governmental body didn't end well for Charles I. Since then in the Anglo world, leaders have made an effort to at least engage in the rituals of seeking approval [though sometimes not quite as successful as they thought it would be, 1776].

Posted by Procopius2k 2011-12-06 09:47|| 2011-12-06 09:47|| Front Page Top

#9 He's trying to be crafty, by creating an "external" tax that only applies to Americans after they leave the US. If you carry an American passport, you have to pay more than any other traveler, collected by other countries, *for* the UN.

As such, it's not a US tax.

Posted by Anonymoose 2011-12-06 09:57|| 2011-12-06 09:57|| Front Page Top

#10 2/3 of the Senate must ratify such a treaty. I doubt that the American people would stand for this--it would be an election game changer and not in favor of Bambi. It would cost taxpayers a fortune in bad times.

Posted by JohnQC 2011-12-06 10:20|| 2011-12-06 10:20|| Front Page Top

#11 all of this for phony science.

Posted by newc 2011-12-06 10:58|| 2011-12-06 10:58|| Front Page Top

#12 Of course the tax will be passed onto the sheeple. It will also make exchanges more volatile, which is good for insiders.

Tobin tax is the worst possible tax in the entire arsenal.

Posted by Bright Pebbles 2011-12-06 13:01|| 2011-12-06 13:01|| Front Page Top

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