NAIL THOSE BANKSTERS! TAX THEM TO the MAX
The Secret Plan to Pass a Global Tax ! Part I
The VESPASIAN MANEUVER, PART II
THIS TIME I AM! YOU ARE THE OLIGARCHS, the SUPER RICH, THE
UBERWEALTHY BANKSTERS. It's YOUR TURN IN THE BARREL!
With President Barack Obama attacking "fat cat bankers on Wall Street," left-wing non-governmental
organizations (NGOs) see a great opportunity to pass a global tax on financial transactions that
could generate at least $700 billion a year from the U.S. and other "rich" countries. They are
expecting Obama's support.
The banks are a key target because of the "anger" that already exists against them for their roles in
the global financial crisis, says a detailed 13-page memorandum from Max Lawson of the foreign aid
Calling the global Financial Transactions Tax (FTT) "an idea whose time has come," Lawson says in
his memorandum that "politically the time is now" to pass such a tax. "It will take some great
campaigning but I think we can do this," he says in a message introducing the memo.
Lawson explains, "The global anger against the bankers; the huge pressure on rich country
budgets; the need for money in 2010 to rescue the MDGs [Millennium Development Goals] and from
failure; to protect poor countries from the economic crisis; and the need to come up with money for
climate change to unlock a global deal. All combine to make a very strong political backdrop."
The MDGs were established by the United Nations to make sure that the U.S. and other Western
nations devote 0.7 percent of Gross National Product to official development assistance or foreign
aid. As a Senator, Obama had introduced a bill, the Global Poverty Act, to mandate U.S. compliance
with the MDGs at an estimated cost of $845 billion.
Lawson, head of development and finance for Oxfam in Britain, has distributed his 13-page
memorandum to members of NGOs in the U.S. and other countries. "There is potentially plenty of
money here for all of our issues," he tells them.
The global tax is being called "the Robin Hood tax," in order to convince people that it is somehow
designed to take money away from rich people in order to help the poor. Another variation on this
theme is the claim that the tax is aimed at Wall Street to help Main Street.
In reality, such a tax would affect IRAs, Mutual Funds and pensions by taxing the exchange of
financial transactions. It would hand over great sums of money to politicians in the name of bashing
the big banks but ordinary Americans and their life savings would be hurt.
As outlined by Lawson, however, the idea is to create the appearance of public support for the plan,
ultimately enabling G8 leaders meeting in Canada in June to agree to the global tax and then get
acceptance from the G20 leaders meeting afterward.
At the same time, the U.S. Congress is moving ahead with the "Let Wall Street Pay for the
Restoration of Main Street Act of 2009" (HR 4191), a financial transactions tax introduced by Rep.
Peter DeFazio (D-Ore.), a leading member of the Congressional Progressive Caucus.
Lawson's document cites support for the tax from Democratic House Speaker Nancy Pelosi, who
endorsed the DeFazio measure during a December 7 news conference and, according to a CNS
News report, announced that the bill would have to be made "global" to keep U.S. investors from
taking their business overseas and out of taxable reach.
Senator Tom Harkin (D-Iowa) is introducing a similar bill, which has the backing of the AFL-CIO, in
An "Open Letter from Economists in Support of Financial Transaction Taxes" has been released and
signed by 200 liberal and left-wing economists.
Lawson also cites support for the tax from billionaires George Soros and Warren Buffet and such
media organizations and figures as Le Monde, The Mail, The Guardian and Paul Krugman of the New
President Obama "supported [the idea] during his campaign," Lawson says, but the U.S. Treasury
Department under Timothy Geithner has been resisting it.
However, Politico reported on December 3 that Pelosi is now pressuring Geithner to accept the
global tax proposal. "Geithner was widely seen as opposing such a levy when it was proposed by
Gordon Brown, the British prime minister, at a meeting of G-20 finance ministers last month in
Scotland," the publication reported. But after a telephone conversation, "Pelosi told colleagues that
the secretary indicated he was more open to some such fee than had been reported," it added.
Some elements of the Lawson plan that are designed to secure passage of the legislation seem
modeled on the 1999 "Battle in Seattle," when 5,000 activists marched against the idea of global free
markets, producing confrontations with police trying to keep order on the occasion of a meeting of
the World Trade Organization. Lawson suggests "two or three global events" and "days of action"
where "activists climb up banks" in order to pressure officials to adopt the global tax.
Joseph E. Stiglitz, a cabinet member in the Clinton Administration, claimed in his book, Globalization
and Its Discontents, that the "protests at meetings of global financial leaders in Seattle, Prague,
Washington, and Genoa..." had put pressure on the international community for more global action
to solve the world's problems.
Stiglitz is one of several high-profile figures listed in the Lawson memo as supporting a global
financial transactions tax.
In Copenhagen, where governments are now meeting on the so-called "climate change" issue, some
of the same leftists have been on display, marching in the streets under the banner of "Climate
Justice Action" to demand that the U.S. and other Western nations pay "reparations" and an
"ecological debt" to the less developed nations. U.N. reports have put this figure at $24 - $45 trillion.
On the eve of the Copenhagen summit, French President Nicolas Sarkozy joined with Prime Minister
Gordon Brown in issuing a statement calling for a global financial transactions tax and other
"innovative financing mechanisms" to assist countries fighting climate change.
Other elements of the Lawson plan seem modeled on "anti-poverty" campaigns such as Live Aid
and Comic Relief. Live Aid was a rock music concert held on July 13, 1985, in order to raise funds to
fight global poverty, while Comic Relief was designed to use comedy and laughter to alert the public
In terms of using celebrities and making a big splash in the media, Lawson cites the case of Richard
Curtis, a film director and the "creative energy" behind the Make Poverty History campaign, which
urges people to wear a white band around their wrists as a "common symbol of the global fight to
Lawson says Curtis "is very interested in a short campaign" to press for a Financial Transaction Tax
and "is working with colleagues in the advertising industry to work up ideas around a set of creative
ideas that could be used by campaigns around the world, based on a Robin Hood Tax. His hope is
to produce a set of materials that would be useful to all, and give the issue a huge global profile. He
is also likely to use his media contacts around the world to ensure high profile for the fight for the
The global targets are the G8 and G20 groups of nations because the G20 summit in Pittsburgh in
September decided that the G20 would replace the G8 as the leading international body for
economic matters. As numerous media organizations have observed, the move signaled a major
shift in global politics that has seen the authority and power of the U.S. in global affairs undermined.
President Obama went so far at the G20 meeting to agree to a proposal for an International Monetary
Fund study of how a global tax could be implemented.
Oxfam, which is spearheading the campaign to get a global tax implemented, is one member of an
international coalition of organizations working "to fight poverty and injustice." Its American affiliate
receives funding from such entities as the Bill & Melinda Gates Foundation and the Rockefeller
So-called progressives in the U.S. are now openly pressuring the Obama Administration to go along
with the proposal. "We need to make this bill [the DeFazio/Harkin approach] a reality in the United
States--and then take it worldwide," The Progressive magazine proclaims.
Support can also be expected from the New Rules for Global Finance coalition, which runs the
gamut from typical liberal-left groups to religious-oriented organizations.
The main problem with the Lawson scenario is that the truth about massive corruption in the foreign
aid business is a matter of public record.
The Senate Foreign Relations Committee published a report in 1995 which revealed that the cost of
foreign aid provided by the U.S. to the rest of the world since the end of World War II had already
reached nearly $2 trillion, with little to show for it in terms of alleviating poverty.
Two excellent books--The Lords of Poverty by Graham Hancock, and The Road to Hell by Michael
Maren--exposed massive corruption in the foreign aid business.
* * * * * * * * * * * *
Cliff Kincaid is the Editor of the AIM Report and can be reached at email@example.com
Source for article below:
Proposed Global Tax ( United Nations) Document :
Source for article below:
PART II. THE VESPASIAN MANEUVER
VESPASIAN was the emperor who followed Nero (after a few, quick-come, quick-go 'loser' emperors) and he inherited a burned-down city, bankrupt treasury. He had to rebuild ROME and capture back a lot of satellite provinces. But with what money? His coffers were nearly empty. A huge tab was on its way to being incurred for among other things, building the Coliseum! So Emperor Vespasian invented THE VESPASIAN MANEUVER which is one OBAMA could well adopt for those pesky, un-taxable oligarchs that run around not paying a cent of income tax, leaving that job to the middle class.
Vespy knew every aristocrat in town, every blue blood family! He knew who the brigands and pirates were, the real FORTUNES up in the 400,000,000,000 talents or sesterces neighborhood.
HE gave these rogues THE HIGHEST POSTS in government. When they invariably embezzled money, took bribes, sold favors, he hit them with dismissal, court trial and jail and execution and took their lands, their treasure
chests, all of it. He quickly had the money to rebuild Rome from Nero's fire, build a coliseum and lots more
goodies, look him up! He was born late SCORPIO, the sign that knows how to get other people's money. Scorpios are also cunning, tricky S.O.BS's with x-ray eyesight into others' foibles. Great psychologists. Freud's ruling planet was in Scorpio. Last, SCORPIO rules death and taxes!
A SECOND TRICK was up the Emperor's 'SLEEVE'. V. had insider knowledge of the corruption of the Senate. He had scorned the senate before, publicly refusing the 'date' they gave him the post as a holiday, taking the day that his soldiers 'elected' him Emperor, earlier. Which wasn't the real date at all so this was the man who was to DESTROY THEM and take their money, not necessarily in that order. He had insider knowledge of the entire Roman aristocracy a very insular community. After he caught all the pirate senators with his 'here take this important government post' method, after he'd seized their holdings, he followed an interesting 'hope and change' maneuver to bring NEW PEOPLE TO ROME to take posts in a new Senate ..men with none of these insider gambit manias, none of the 'good old boy school ties' either. He pulled the brightest and most successful new blood in the PROVINCES i.e. tradesmen from the far away cities, men who'd worked hard to become leaders MILES from corrupt ROME and made THEM SENATORS! The blue blood, venal, immoral families suddenly were on welfare or dead.
I like the sound of it. Don't you? OBAMA, if you really are a progressive and we've come to doubt it, TAKE NOTICE! They'll never know what hit them! The HISTORIAN SUETONIUS (contemporary of Vespasian,) had these facts in his bio on V, they rarely appear elsewhere. But Will Durant cited it in CAESAR AND CHRIST one of his 11 books on world history. STORY OF CIVILIZATION but each has its own title. You want to find them used on ABEBOOKS, sometimes a buck a book. Caesar was second tome after "ORIENTAL HERITAGE."
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