Chirac proposes global tax; gates bets against dollar.In a speech delivered by video link-up to the World Economic Forum (WEF WEF World Economic Forum WEF Water Environment Federation WEF Winter Equestrian Festival (Wellington, FL) WEF With Effect From (aviation) WEF World Environment Fund WEF Weight Enumerating Function ) in Davos, Switzerland, French President Jacques Chirac proposed a global tax on aviation fuel, financial transactions, and "capital flows" for the stated purpose of funding international aid programs. Not surprisingly, many at the January 26-30 gathering of the world's political, media, and business elite could find little fault with Chirac's proposal. South African President Thabo Mbeki Thabo Mvuyelwa Mbeki (born June 18 1942) is the current President of the Republic of South Africa.<ref name="gcis-profile2004" /> Early years Born and raised in what is now the Eastern Cape province of South Africa, Mbeki is the son of Govan Mbeki (1910 regretted that the proposal would take "too long to get approval" and suggested circumventing the "consent of all the governments and parliaments around the world." Former President Bill Clinton regretted that the tax proposal suffered from a lack of international support. In a similar vein, Microsoft founder and the world's richest man, Bill Gates, expressed chagrin that legitimizing and imposing the tax could take five or ten years and collecting and distributing the revenue couldn't wait that long. Gates announced during an interview at the WEF that he was betting against the dollar, saying, "The ol' dollar, it's gonna go down." Recently, Gates received permission from the Chinese government to purchase a large amount of Chinese currency and bonds. Gates jubilantly described his new business partner as "phenomenal" and "a brand new form of capitalism." Gates' new form of capitalism is correctly known as Communism. Finally, Chirac also espoused creating some sort of mechanism for monitoring "world tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. ." This would undoubtedly re quire quire 1 n. 1. Abbr. qr. or q. A set of 24 or sometimes 25 sheets of paper of the same size and stock; one twentieth of a ream. 2. establishing a "World Tax Court" empowered to punish violators of the international tax code. Such a tribunal would rely on UN resolutions for authority and would become a gargantuan gar·gan·tu·an adj. Of immense size, volume, or capacity; gigantic. See Synonyms at enormous. gargantuan Adjective huge or enormous [after Gargantua, a giant in Rabelais' bureaucracy of last resort without jurisdictional boundaries. Like the already-operational WTO See World Trade Organization. and NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's courts, the proposed tax tribunal would operate completely without regard to any constitutional guarantee of trial by jury, due process, etc., and thus, with the aid of American power brokers, would make an effective end-run around the protections embedded in the Constitution. |
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