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Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor
FOX ^

Posted on 11/10/2010 1:52:15 PM PST by Sub-Driver

Rich Nations Urged to Weigh 'Robin Hood' Tax to Help Poor

Published November 10, 2010 | FoxNews.com

As President Obama huddles with world leaders for the G-20 summit in South Korea to weigh proposals aimed at stabilizing the global economy, one idea being pushed is a so-called "Robin Hood tax," aimed at collecting money from rich nations to give to the poor.

The Robin Hood tax -- a global financial transaction fee that could raise hundreds of billions of dollars to pay the cost of the global financial crisis and support developing nations struggling to recover -- is not popular.

While Britain, France and Germany have championed a bank tax for all G-20 nations, finance chiefs from the industrialized nations shot down the idea at a previous summit held in Toronto last summer.

Still, the tax's supporters, which include unions, environmental groups, Comic Relief, UNICEF and others in a multinational coalition, say.......

(Excerpt) Read more at foxnews.com ...


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To: Sub-Driver

How about a Moron Tax for anybody who comes up with dumbass ideas like this?


21 posted on 11/10/2010 2:06:06 PM PST by AngelesCrestHighway
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To: Sub-Driver

Obama would love to take money from the hard-working people of this country that he hates and give it to people who hate us.


22 posted on 11/10/2010 2:06:18 PM PST by Leftism is Mentally Deranged (Annoying liberals is my goal. I will not be silenced.)
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To: Sub-Driver

Robin Hood didn’t rob from the rich and give to the poor.

Robin Hood retaliated against the sheriff for confiscatory taxes and returned the money to the screwed tax payers.


23 posted on 11/10/2010 2:07:53 PM PST by TASMANIANRED (Liberals are educated above their level of intelligence.. Thanks Sr. Angelica)
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To: Gorzaloon

This brought to mind a movie made in the 70’s I think, something like “The Mouse That Roared”. It was about a tiny nation that decided if they declared war on the US, then quickly signed a surrender or peace settlement, they could make a windfall.

Only things didn’t go as planned, and we surrendered to them.

I don’t remember anything more about the movie, but it makes me think that these nations that want a “Robin Hood” tax should be careful what they wish for. We ain’t got it anymore!! They might just be paying us!


24 posted on 11/10/2010 2:08:51 PM PST by kevslisababy
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To: Sub-Driver
Insane idea but hardly shocking when you look at who's promoting it. Fortunately, Obama has no legal authority to do this - but that doesn't mean he might not try. The left is obsessed with the absurd concept that the U.S. is only 'rich' because we've taken what rightfully belongs to 'the poor'. Apparently that now extends globally. Utter insanity fueled by class-envy and white-hot hatred for American execptionalism. Although the world's thug dictators must love this idea, a lot of financially comfortable American leftists also embrace it. How sad.
25 posted on 11/10/2010 2:10:44 PM PST by Jim Scott (Cautious optimist)
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To: Sub-Driver

They try to impose this on us, and you’ve got Civil War II.


26 posted on 11/10/2010 2:10:53 PM PST by dfwgator (Texas Rangers -Thanks for a great season.)
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To: BigEdLB

Dennis Moore, Dennis Moore,
Riding through the woods.
Dennis Moore, Dennis Moore
With a bag of things.
He gives to the poor and he takes from the rich
Dennis Moore, Dennis Moore, Dennis Moore.


27 posted on 11/10/2010 2:12:49 PM PST by dfwgator (Texas Rangers -Thanks for a great season.)
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To: Sub-Driver

Let those rich nations that are really rich go ahead and do what they want but as for the US we are broke all our money belong to China now. I’m so sick of the United States citizens being robbed to pay for the rest of the world!


28 posted on 11/10/2010 2:14:07 PM PST by FromLori (FromLori)
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To: Sub-Driver

Robin Hood stole from the TAX collecter and gave the money back to those it belonged to, the taxpayers.


29 posted on 11/10/2010 2:15:41 PM PST by stockpirate ("......When the government fears the people you have liberty." Thomas Jefferson)
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To: Sub-Driver

Except that Robin Hood took from the government.


30 posted on 11/10/2010 2:16:49 PM PST by snowrip (Liberal? You are a socialist idiot with no rational argument.)
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To: Sub-Driver
Well, I am goingn to say it....

SCREW THE POOR!!

I have have had it on how all these idiots dreaming up all these ideas on what they are going to do with my money. If you are poor, that's too bad, but some people are lucky, and some aren't.

Who are we kidding anyway? These tin pot dictators in these "poor countries" are keeping their people under their boots. let them rise up and take charge themselves. We are going to give them my (and everyone elses money) to feed them? Let them starve.....it's is a choice between my wife and my child, then too bad for them.

Maybe it will keep them from reproducing like rabbits anyway...

31 posted on 11/10/2010 2:18:38 PM PST by Fedupwithit ("The welfare of humanity is always the alibi of tyrants" -Albert Camus)
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To: Sub-Driver
The best formula for "helping the poor" was conceived in 1776 and adopted in 1787. It was called The Constitution of the United States of America. It recognized the Creator-endowed rights of individuals and limited the power of all who would try to coercively control and plan for them.

In 2012, will the citizens of the United States of America ("We, the People") assert our Constitutionally-designated role as "the only KEEPERS" (Justice Story) of our Constitution's limitations on the coercive power of our elected and appointed representatives?

And,

2. Where in the world will individual citizens enjoy the greatest degree of their Creator-endowed liberty to "pursue" happiness?

Neither China nor any other nation in the world can out-perform an America where "the People" understand and uphold their Constitution's enduring principles.

Perhaps American citizens are getting a belated lesson in economics and an American History lesson as a result of the shocking policies of Congress and the Administration during recent months. If the citizenry is awakened to the kinds of facts discusssed in this piece, and if they will go back and review the philosophy of the Framers of the U. S. Constitution, they may perhaps begin to understand how America became the symbol of liberty, opportunity and prosperity for millions throughout the world. The following essay, is reprinted with permission from "Our Ageless Constitution." See

Freedom Of Individual Enterprise

The Economic Dimension Of Liberty Protected By The Constitution

"Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise." - Thomas Jefferson

"The enviable condition of the people of the United States is often too much ascribed to the physical advantages of their soil & climate .... But a just estimate of the happiness of our country will never overlook what belongs to the fertile activity of a free people and the benign influence of a responsible government." - James Madison

America's Constitution did not mention freedom of enterprise per se, but it did set up a system of laws to secure individual liberty and freedom of choice in keeping with Creator-endowed natural rights. Out of these, free enterprise flourished naturally. Even though the words "free enterprise' are not in the Constitution, the concept was uppermost in the minds of the Founders, typified by the remarks of Jefferson and Madison as quoted above. Already, in 1787, Americans were enjoying the rewards of individual enterprise and free markets. Their dedication was to securing that freedom for posterity.

The learned men drafting America's Constitution understood history - mankind's struggle against poverty and government oppression. And they had studied the ideas of the great thinkers and philosophers. They were familiar with the near starvation of the early Jamestown settlers under a communal production and distribution system and Governor Bradford's diary account of how all benefited after agreement that each family could do as it wished with the fruits of its own labors. Later, in 1776, Adam Smith's INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS and Say's POLITICAL ECONOMY had come at just the right time and were perfectly compatible with the Founders' own passion for individual liberty. Jefferson said these were the best books to be had for forming governments based on principles of freedom. They saw a free market economy as the natural result of their ideal of liberty. They feared concentrations of power and the coercion that planners can use in planning other peoples lives; and they valued freedom of choice and acceptance of responsibility of the consequences of such choice as being the very essence of liberty. They envisioned a large and prosperous republic of free people, unhampered by government interference.

The Founders believed the American people, possessors of deeply rooted character and values, could prosper if left free to:

  • acquire and own property
  • have access to free markets
  • produce what they wanted
  • work for whom and at what they wanted
  • travel and live where they would choose
  • acquire goods and services which they desired

Such a free market economy was, to them, the natural result of liberty, carried out in the economic dimension of life. Their philosophy tend­ed to enlarge individual freedom - not to restrict or diminish the individual's right to make choices and to succeed or fail based on those choices. The economic role of their Constitutional government was simply to secure rights and encourage commerce. Through the Constitution, they granted their government some very limited powers to:

Adam Smith called it "the system of natural liberty." James Madison referred to it as "the benign influence of a responsible government." Others have called it the free enterprise system. By whatever name it is called, the economic system envisioned by the Founders and encouraged by the Constitution allowed individual enterprise to flourish and triggered the greatest explosion of economic progress in all of history. Americans became the first people truly to realize the economic dimension of liberty.


Footnote: Our Ageless Constitution, W. David Stedman & La Vaughn G. Lewis, Editors (Asheboro, NC, W. David Stedman Associates, 1987) Part III:  ISBN 0-937047-01-5

32 posted on 11/10/2010 2:18:54 PM PST by loveliberty2
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To: Sub-Driver

Smells like Soros.


33 posted on 11/10/2010 2:21:07 PM PST by manic4organic (We won. Get over it.)
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To: Sub-Driver

If anybody thinks such a tax would not be used to directly and indirectly enrich those collecting it, I have a bridge to sell you.


34 posted on 11/10/2010 2:22:45 PM PST by mas cerveza por favor
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To: Sub-Driver
Diversity
Obamunism
Social Justice
One Worldism
Affirmative Action
Political Correctness
Black Liberation Theology


35 posted on 11/10/2010 2:26:31 PM PST by Iron Munro (Buy Ammo, Food and TP - You cannot consume what no one has produced.)
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To: Sub-Driver

Let’s see... the real story of Robin Hood was the people rising up and taking back wealth stolen by a corrupt tyranny. So a “real” Robin Hood story is like the Tea Party rising up and taking back our taxes confiscated by the corrupt Obama admin?


36 posted on 11/10/2010 2:27:40 PM PST by kgrif_Salinas
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To: Sub-Driver

Where the HELL do these *poor* countries think their aide comes from? (despite the fact their fascist leaders pocket most of it)


37 posted on 11/10/2010 2:29:30 PM PST by wolfcreek (http://www.youtube.com/watch?v=Lsd7DGqVSIc)
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To: Sub-Driver

Nations are broke because they pay for crap for the lazy poor.


38 posted on 11/10/2010 2:30:25 PM PST by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: Sub-Driver
Why not? That's what a "Progressive Income Tax Rate", which is what we have in the good ol' USA is now.

The more you make, the more they take, and, at a higher percentage. If you make nothing, we (the Pigressives/Democrats) GIVE you other peoples' earnings, so we can have you always voting for more handouts via US being re-elected.

39 posted on 11/10/2010 2:34:09 PM PST by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: dfwgator
"he steals from the poor and gives to the rich."

Dennis Moore: Wait a tic... Blimey, this redistribution of wealth is trickier than I thought.

40 posted on 11/10/2010 2:35:25 PM PST by Oztrich Boy (History repeats itself, first as tragedy, second as farce - Karl Marx)
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