Jacques Chirac of France proposes a world tax; Tony Blair endorses the idea

Story dated 27 January 2005

"French President Jacques Chirac yesterday suggested that governments impose a tax on international capital flows, including financial transactions and plane tickets, to raise $10 billion a year for aid. Finance ministers meeting in London next week will discuss the matter. . . Chirac also proposed taxing cash flows to nations that practice banking secrecy, including Switzerland and Luxembourg, as a way to compensate for 'world tax evasion.'" These socialist countries can't stand it when other countries cut their taxes. They can't keep their taxes high and remain competitive if we lower our tax rate. The very concept of a world tax conflicts with Article I Section 8 clause 1 of the Constitution of these United States. It states that "Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States." [emphasis added] It does not say that an international body shall have the power to tax, nor does it allow taxes collected to provide for the common defense and general welfare of the world. If such a tax is instituted, and someone tries to make me pay it, you will find me arguing the constitutionality of this tax before the Supreme Court. I highly recommend that you contact your senators and tell them to not even consider approving such a tax. And here's another solution: we wouldn't have to worry about this at all if we had the FairTax.
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posted by The Sovereign Editor | 4:27 PM

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