UN Wants World Tax To ‘Help The Poor’ Global levy needed to aid “needy people” get free housing, education and healthcare
Paul Joseph Watson Infowars.com Friday, February 3, 2012
The United Nations wants a world tax imposed on all financial transactions to fund a global model of social services that will provide “needy people” with a basic income, free healthcare, education and housing.
The drive is part of the UN’s mission to create a “social protection floor” under the auspices of the Commission on Social Development, which began this week in New York. The SPF will become the UN’s primary focus from 2015 onwards when the Millennium Development Goals project concludes.
“The money to fund these services may come from a new world tax,” reports the Deseret News, quoting Jens Wandel, Deputy Director of the United Nations Development Program, who said that a long term funding plan for the project would center around “a minimal financial transaction tax (of .005 percent). This will create $40 billion in revenue.”
“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.”
According to the report, the new global tax is designed to be a progressive scale, with higher earners paying more to help provide “all needy people with a basic income, healthcare, education and housing.”
This represents the UN’s latest attempt to fleece western taxpayers under the utopian rhetoric of global socialism.
While invoking the plight of the world’s poor as a justification to create a slush fund under its control, the UN is also invoking the discredited pseudo-science of man-made global warming in an effort to shake down the developed world through the imposition of carbon taxes.
A new UN report entitled “Resilient People, Resilient Planet: A Future Worth Choosing,” calls for punishing economies deemed not “sustainable” by establishing, “natural resource and externality pricing instruments, including carbon pricing, through mechanisms such as taxation, regulation or emissions trading systems, by 2020.”
A 2010 UN blueprint for putting the organization back at the forefront of global governance alarmingly revealed the agenda to re-brand global warming as “overpopulation” as a means of dismantling the middle classes while using “global redistribution of wealth” and increased immigration to reinvigorate the pursuit of a one world government.
The United Nations also called for using the pretext of environmental threats to concentrate power and wealth into its hands during the recent UN Climate Summit in Durban, a plan under which the west would be mandated to respect “the rights of Mother Earth” by paying a “climate debt” which would act as a slush fund for bankrolling an all-powerful world government.
Even if one entertains the viability of countries being forced by the UN to send even more money overseas, trusting the United Nations to oversee such a massive transfer of wealth would be somewhat naive given the fact that the organization is inherently corrupt, as the oil for food scandal illustrated.
The UN also has a habit of using money designated for relief projects to enrich its own coffers, including the $732.4 million budget for earthquake-shattered Haiti, two thirds of which was spent on “the salary, perks and upkeep of its own personnel, not residents of the devastated island.”
I'd like to see the list of countries they deem 'in need' and exactly how they govern their people!
There have been many reports where the u.s. and non-profit organizations has sent money/aid to countries and the buck stopped 'at the top' and never went to the people in need.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
London-based Nicholas Vardy appeared in Moneyshow.com compares the styles and results of legendary investors Warren Buffett and George Soros and tells who did better.
Vardy put it simple: “Warren Buffett is an investor, Soros is a speculator.”
The interview was taken in 2009, but the two Investment Gurus have not changed their investment style since then.
According to Vardy, Soros has relinquished the trading authority to the organization that he built and retreated once again to what is apparent a very busy retirement. According to GuruFocus, his team in Soros Fund Management LLC kept 687 stocks in their portfolio and 243 of them are new one for the quarter of 4Q09, the last time data is available. Diversified? Yes. Fast churning? Indeed.
Buffett, on the other hand, runs a very concentrated portfolio that hardly churns. The guy and his investment team believe in buy-and-hold. Between Buffett and his lieutenants and their $60+ billion in domestic equity portfolio, there are 41 stocks and none of them were new.
The portfolios of the two are night and day different. Yes, if you are serious and the careful match work, you can find 26 names in common. Soros copied more than half of Buffett’s stock ideas, you may say.
Of course that is not true, Soros is far too original to piggyback Buffett’s portfolio, but it does not hurt if the less immortals like us to know and learn what stocks they hold in common.
Here are the top seven companies according to market cap:
Symbol
Company
Price
P/E
Yield (%)
Market Cap ($Mil)
XOM
Exxon Mobil Corp.
$69.24
17.27
2.43
326901
WMT
WalMart Stores Inc.
$54.53
14.9
2.22
204551
GE
General Electric Company
$19.07
17.34
2.1
203473
PG
The Procter & Gamble Company
$63.54
17.17
2.77
184558
JNJ
Johnson & Johnson
$65.04
13.96
3.01
179267
WFC
Wells Fargo & Company
$33.48
19.24
0.6
173699
BAC
Bank of America Corp.
$18.43
0.22
159592
Exxon Mobil Corp. (XOM)
Exxon Mobil Corp. has a market cap of $326.9 billion; its shares were traded at around $69.24 with a P/E ratio of 17.27 and P/S ratio of 1.05. The dividend yield of Exxon Mobil Corp. stocks is 2.43%. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 4-star.
Buffett owns 421,800 shares as of 12/31/2009, a decrease of 66.95% of from the previous quarter. Soros owns 15,961 shares, an increase of 47.79% from the previous quarter.
WalMart Stores Inc. (WMT)
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $204.55 billion; its shares were traded at around $54.53 with a P/E ratio of 14.9 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.22%. Walmart Stores Inc. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Buffett owns 39,037,142 shares as of 12/31/2009, which accounts for 3.6% of the $57.93 billion portfolio of Berkshire Hathaway. Soros owns 888,840 shares, a decrease of 20.36% of from the previous quarter.
General Electric Company (GE)
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $203.47 billion; its shares were traded at around $19.07 with a P/E ratio of 17.34 and P/S ratio of 1.3. The dividend yield of General Electric Company stocks is 2.1%. General Electric Company had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 4-star.
Buffett owns 7,777,900 shares as of 12/31/2009, which accounts for 0.2% of the $57.93 billion portfolio of Berkshire Hathaway; Soros owns 17,621 shares , an increase of 76.21% from the previous quarter. This position accounts for less than 0.01% of the $6.95 billion portfolio of Soros Fund Management LLC.
The Procter & Gamble Company (PG)
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $184.56 billion; its shares were traded at around $63.54 with a P/E ratio of 17.17 and P/S ratio of 2.34. The dividend yield of The Procter & Gamble Company stocks is 2.77%. The Procter & Gamble Company had an annual average earning growth of 9.3% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 5-star.
Buffett owns 87,503,411 shares as of 12/31/2009, which accounts for 9.16% of the $57.93 billion portfolio of Berkshire Hathaway; Soros owns 10,100 shares , an increase of 29.49% from the previous quarter.
Johnson & Johnson (JNJ)
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $179.27 billion; its shares were traded at around $65.04 with a P/E ratio of 13.96 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3.01%. Johnson & Johnson had an annual average earning growth of 12.2% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 5-star.
Buffett owns 27,132,467 shares as of 12/31/2009; a decrease of 26.5% of from the previous quarter. Soros owns 21,198 shares, an increase of 34.16% from the previous quarter.
Wells Fargo & Company (WFC)
Wells Fargo & Company is a diversified financial services company. Wells Fargo & Company has a market cap of $173.7 billion; its shares were traded at around $33.48 with a P/E ratio of 19.24 and P/S ratio of 1.76. The dividend yield of Wells Fargo & Company stocks is 0.6%. Wells Fargo & Company had an annual average earning growth of 4.5% over the past 10 years.
Buffett owns 320,088,385 shares as of 12/31/2009; Soros owns 14,400 shares, a decrease of 31.75% of from the previous quarter.
Bank of America Corp. (BAC)
Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $159.59 billion; its shares were traded at around $18.43 with and P/S ratio of 1.06. The dividend yield of Bank Of America Corp. stocks is 0.22%.
Buffett owns 5,000,000 shares as of 12/31/2009; Soros owns 338,400 shares, an increase of 24.46% from the previous quarter.
For the complete list of the stocks ideas shared by Buffett and Soros, click here
Conclusion
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THE UN CAN GO 'F' ITSELF.......
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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