The Occupy Wall Street demonstrators are continuing their march toward globalism as they have now endorsed a global tax system, to be instituted and monitored by a new global government. With the G20 summit set to take place November 3 in France, the directors of the Wall Street protests are now setting their sights on the implementation of the “Robin Hood tax” on all transactions involving shares, bonds, and derivatives, and possibly other items as well.
According to protesters, the funds raised from the Robin Hood tax would be put toward worthy causes such as “reducing poverty in the third world” and “combating climate change.”
Journalist Patrick Henningsen, however, noted of the Robin Hood tax:
[It is] an identical transaction-tax scam to the one proposed by globalists at the 2009 UN COP15 Climate Summit in Copenhagen, where a number of new taxes on financial transactions and new carbon taxes would be put into a giant "slush fund" to be handled by none other than the World Bank.
Ultimately, any Robin Hood Tax will most likely end up in a giant fund to "ensure that banks are adequately capitalized," and one which will be used to bail out, or insure big bank losses and trillions in gambling derivative bets gone bad.
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Photo: Robin Hood statue in Nottinghamshire