Wednesday, July 21, 2010

Pete Stark Bill to Tax Currency: Stark Bill Mimics UN Millennium Development Goal

Democrat Congressman Rep. Pete Stark (D-CA) introduced a tax on currency trading yesterday. This is right out of the U.N. Millennium Development Goal 2000 (UNMDG), but the U.N. calls it "a currency transfer tax." My title says Stark's bill mimics the UNMDG, but maybe it is the UNMDG. Rep. Stark is the man who recently caused an uproar at his townhall by asking a MinuteMan "who ya gonna kill today." See a video below.

Pete Stark

President Obama's Senate Bill, the Global Poverty Act SB 2433 ties us to the UNMDG. It dithers somewhere between the Senate Foreign Relations Committee and 2008 Senate calendar. It awaits the right time to strike, and it "requires" the president, whomever that may be, to "develop" and "implement" the achievement of the UNMDG.

Here's the language in the U.N. Millennium Development Goal (UNMDG):
To introduce binding codes of conduct for transnational companies and effective tax regulation on the international financial markets, investing this money in programmes for poverty eradication.
Read at the UNMDG document, about 1-1/2 pages down.

As you read Pete Stark's statement, remember that the health care legislation requires coin and bullion dealers to report to the IRS every sale over $600.00 beginning January 2010. It is in the health care bill!  They are following the money.

Here is Stark's statement:

Today, I introduced H.R. 5783, the Investing in Our Future Act. My legislation would simply impose a small tax — of 0.005 percent — on these currency transactions. The money raised would be put toward investments in children, global health and climate change mitigation.
For the average person or business, this small tax will hardly be noticed. But, due to the extreme speculation that takes place, it would raise significant funds. Studies estimate a worldwide 0.005 percent tax on dollar transactions would raise $28 billion a year and reduce currency speculation by 14 percent.
Here at home, the funds from this fee would be used to improve the quality and affordability of child care. This funding would provide more child care options, so working families can obtain the quality care their children need to begin school ready to learn.
Internationally, the bill would create a U.S. fund to assist developing countries with the impacts of global warming. At the United Nations Climate Change Conference in December, President Obama pledged to fund our country's commitment to mitigating the effects of climate change. This bill would make that promise real.
Finally, the legislation would create a Global Health Trust Fund to fight HIV/AIDS, Malaria, Tuberculosis and other diseases that kill millions of people each year in developing nations. This money will fund treatments and prevention for these diseases, as well as research aimed at eradicating them altogether.
Notice that Stark says his bill will fund Obama's "pledge" to the U.N.

The U.N. Millennium Development Goal is astonishingly evil.  It will set migration policies and calls for "freedom of circulation for all," or Open Borders. The Global Financial Architecture will be revamped and use alternative time-based currency, rather than "real" money.

Sets up a global habitat conservation fund with a "royalty" (tax) on fossil energy production of oil, natural gas and coal. There will be a tax on the rental value of land and natural resources. A goal of democratic political control of the global economy. The world's workers are to be respected and that will happen by regulating transnational corporations.

The plan is to control  and monitor arms with an arms registry.There will be a worldwide freeze on armed forces and a 25% cut in production and export of major weapons and small arms - with a "build-down of conventional forces.

Back to H.R. 5783, at this time there are no co-sponsors. The Huffington Post is asking readers to call their congressmen and ask them sponsor this legislation.

The video below is Glenn Beck and Cliff May (Accuracy in Media) from July 28, 2008, discussing Obama's Global Poverty. Skip to about 3 minutes-in to get to the pertinent conversation. Don't miss May's calculation of the cost to the U.S.  See links to other articles on the UNMDG below the video. See the Pete Stark - Minuteman video here.

Glenn Beck and Cliff May Global Poverty SB 2433 (video)

Related and Background:

Will Obama's Global Poverty Act Tax Fossil Fuels, Currency, Land and Freeze Militaries?

©2007-2012copyrightMaggie M. Thornton