Wednesday, September 22, 2004

International tax

Jacques Chirac has called, during his recent speech at the UN, for a "international tax" to fight poverty:

French President Jacques Chirac has called for an international tax to help fight poverty.

Speaking at the United Nations in New York, Mr Chirac praised a report prepared by a French working group, which suggested an international tax be levied on arms sales and some financial transactions in a bid to eradicate poverty.

The report contains "technically realistic and economically rational solutions", said Mr Chirac, according to Reuters, who has joined forces with Brasilian President Luiz Inacio Lula da Silva to push the anti-poverty agenda.

If the "international tax" program is run as well as the "oil for food" program......

Of course, the US has objection to France's silly idea:

US Agriculture Secretary Ann Veneman said, "global taxes are inherently undemocratic. Implementation is impossible".


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