UN Global Tax on the Move

UN Takes Concrete Steps Toward Global Tax

The UN claims that the 2015 treaty will be applied to all nations, but its “common but differentiated” rules will force rich nations to send their wealth to poor nations. Likewise, rich nations will develop and transfer technologies to poor nations.

It was also decided in Doha to give the Green Climate Fund a new home in the Republic of Korea. The GCF will “launch [its yet to be defined] activities in 2014.” To fill the $100 billion annual fund with private and public money by 2020, the UN wants a first ever global tax on international monetary transactions or on international shipping and airlines or on carbon emissions.

Another new fund was created to pay for “loss and damages” caused by climate change. Island states were adamant about its creation because they have been convinced that glacial melting will sink their islands. The Obama administration agreed to the new fund that amounts to a blank check to Third World countries.

Thanks to Russ for forwarding this information.