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"No one should live below a certain income level," stated Milos Koterec, President of the Economic and Social Council of the United Nations. "Everyone should be able to access at least basic health services, primary education, housing, water, sanitation and other essential services." These services were presented at the forum as basic human rights equal to the rights of "life, liberty and the pursuit of happiness." The money to fund these services may come from a new world tax.
"We will need a modest but long-term way to finance this transformation," stated Jens Wandel, Deputy Director of the United Nations Development Program. "One idea which we could consider is a minimal financial transaction tax (of .005 percent). This will create $40 billion in revenue."
Gates didn’t just dream this up on his own accord. He is actually resurrecting legislation a bill introduced in 2008 by then Senator Barack Obama. It was called the Global Poverty Act. Obama introduced the bill during his one abbreviated term in the U.S. Senate.
The bill was one of the only pieces of legislation ever introduced by Senator Barack Obama, and it wasn’t just a compassionate bit of fluff that Obama dreamed up to help the poor of the world. This bill was directly tied to the United Nations and served as little more than a shake down of American taxpayers in a massive wealth redistribution scheme. The Global Poverty Act would provide the United Nations with 0.7% of the United States gross national product. Estimates indicated that would add up to at least $845 billion of taxpayer money into UN coffers, to be spent (or wasted) by UN bureaucrats. The excuse for the taxing, of course, is to help end poverty in third world countries. The bill died in Congress in 2008 after passing unanimously in the House. Now Bill Gates has resurrected it.
Originally posted by TheCommentator
They would need to start by removing the world’s current financial system.
A tax isn’t going to help at all when 1% of the population controls upwards of 50% of the wealth.