UK's Brown Says Global Bank Tax Near

Subject: txt owg bdd mny action -
In an interview published on Thursday, Brown said he believed backing for a global bank tax had gained momentum since U.S. President Barack Obama called for a fee to be levied on major U.S. financial institutions last month.

"People are now prepared to consider the best mechanism by which a levy could be raised,"

said Brown, who put forward an idea of a global transactions tax at a meeting of the Group of 20 nations in Scotland in November. [Correction: not 'people', politicians are interested in how to establish a mechanism by which they can take funds from nations without worrying about details such as if they condone it.]

Prior U.S. administrations have opposed a tax on financial transactions, but last month Obama proposed that Wall Street banks pay up to $117 billion in order to reimburse taxpayers for the financial bailout. [That's an acceptable debate to have within our Nation...]

The International Monetary Fund is compiling a report, due in April, on options for requiring banks to "make a fair and substantial contribution" towards future bailouts... [...this isn't. The Holy Grail of the one-world-government types is any way to tax the American people directly.

Should we allow it the stage will be set for ever-increasing encroachment on our nation's sovereignty through monetary means {think carbon tax schemes - just another tactic}. These schemes must be stopped at the door: once the camel's nose is under the tent...]

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[Then >


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