Bankers propose “capital levy” on private wealth
By Luis Miranda
Our times are “taxing times”, with banks getting free fiat money at 0% percent interest, while their cohorts who work for transnational financial entities demand the confiscation of privately owned wealth to help rein in a solution to the current financial collapse.
A recent report from the International Monetary Fund (IMF) literally calls for a global “capital levy” to help solve “the sharp deterioration of the public finances in many countries.”According to the report, “a world tax on private wealth would be an exceptional measure to restore debt sustainability.”
The bankers who are in the business of defrauding the people of the world by making money making out of thin air and lending countries that fake money at 30 percent interest on the wealth created by their citizens want to make people believe that this measure will be applied only once and that “it will never be repeated”.
The IMF says in its Fiscal Monitor Report that “the conditions for success are strong, but also need to be weighed against the risks of the alternatives, which include repudiating public debt or inflating it away. … The tax rates needed to bring down public debt to precrisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require a tax rate of about 10 percent on households with positive net wealth.”
The explanation above describes a progressive “income and consumption tax increases culminating in the direct confiscation of assets”, writes Bill Frezza on Forbes.com. Mr. Frezza makes three very important points. –
First, there aren’t enough rich people to pay for public debt. That is, not even if the banksters confiscated all of the wealthy people’s money could they solve the debt problem. It is important to say that it has been the banksters themselves who created this problem.
That is why the money monopoly men intend to confiscate everyone else’s money first, including income, pensions, retirement funds and so on. Later, they will rob people who are better off in order to complete their plan. Second, the confiscation of wealth includes privately owned property, not only cash or financial products.
Property values and the monies that governments will obtain from their sale or transfer will directly fund government runaway debt, until the next crisis comes. This is an ongoing process, which began with nations yielding their rights over national parks and conservation areas to international organizations such as the United Nations, for the purposes of “conservation”. Most of the plan on this issue is contained in the Agenda 21 framework and it is clearly explained in the book The Green Mask.
Third, should politicians and governments oppose wealth confiscation as proposed by the IMF, this institution and others of the like (World Bank, Bank of International Settlements) will use a variety of coercive measures to obligate indebted countries to comply. Debt is their leverage. Mr. Frezza provides as examples of coercion some past infamous plans such as structural reform proposals, public repudiation of debt, establishment and dependence on entitlement programs that assure the bankruptcy of nations that do not agree with their wealth transfer schemes.
As many governments have done in the past, ( the US, Cuba and Venezuela, for example) immense wealth transfer programs are justified as tools to end social inequality. However, as practice shows, these programs are intended to promote and bring about generalized poverty. Taxing the ‘rich’ to benefit the poor is one of the biggest frauds humanity has ever seen for two reasons. One, the taxes levied are not applied on the rich, but the middle class and two, the monies stolen are not given to the poor, but to the real rich folks.
If the fact above is difficult to understand, please make a simple research into the way corporations pay, or evade the payment of taxes. Also research about how the richest people (George Soros, Bill Gates, Al Gore and their cronies) accumulate the most wealth by using all kinds of technical and legal avenues to avoid paying taxes. One needs to ask the question if paying taxes is necessary for the well-being of the State, why aren’t those who support taxing income and wealth in general paying their share? Furthermore, why is their share smaller than yours or mine?
Wealth confiscation proposals from the IMF were presented as Chase Manhattan Bank announced limits to money withdrawals and bans on international wire transfers while saying there is no reason for sounding the alarms. These restrictions will not apply to the very rich, of course. In fact, the rich brag about their ability to move their money and themselves without any restriction whatsoever. “Financial wealth is mobile, and so, ultimately, are people. … There may be a case for taxing different forms of wealth differently according to their mobility … Substantial progress likely requires enhanced international cooperation to make it harder for the very well-off to evade taxation by placing funds elsewhere.”
It is important to say that when they bankers talk about cooperation, they mean having nations comply with their requirements to allow for the imposition of all kinds of controls that do not apply to their own transactions.
c
