The vast majority of multi-millionaires and billionaires around the world are extremely generous with their wealth. Find me one, well-known millionaire or billionaire that does not have their own charitable foundation or does not support various causes with big dollars. The problem for the corrupto-crats at the United Nations is not enough cash is passing through their pet projects.
Of course, the UN couldn’t give a crap about that and their report fails to mention how charitable they already are. From AFP last night.
The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries.
An annual lump sum payment by the super-rich is one of a host of measures including a tax on carbon dioxide emissions, currency exchanges or financial transactions proposed in a UN report that accuses wealthy nations of breaking promises to step up aid for the less fortunate.
It’s not your money. It belongs to the UN and they think – of course – they know how to help poor countries better than anyone else. Sound familiar? Just replace the UN with the federal government and read on… Let’s make this clear, there are not many billionaires in the world. The UN estimates there are about 1,200 of them, and by using some sort of math miracle, they think they can get $400 billion a year from them in conjunction with other taxes “contributed to the cause.”
And there is absolutely no structure in place at the UN if they – and they will – totally waste 75 cents of every dollar confiscated. There is no recourse. There are no public hearings. No elections. If they can pull this off, what will stop the United Nations from demanding the confiscation of wealth from middle-class Americans? Certainly, they are living a much better life than those in poor countries. Isn’t it the right thing to do?
By the way, how’s Lyndon B Johnson’s War on Poverty going?
For the first five or six years of this effort, the trend was downward. We continue to spend hundreds of billions fighting this war on poverty in the United States and the poverty rate has not budged in more than four decades.