Paul Volcker: VAT, Carbon taxes may be necessary
As should be clear when comparing former Treasury Secretary Paul Volcker’s continuing campaign for a VAT (see this rather more substantial article from Sept 2009 also) with recent events in Canada, there is an ongoing, long term international project for the implementation of ‘Value Added Tax’. It doesn’t matter whether you call it HST or VAT, it’s the same thing, and the point is economic integration of Western Nation-states under one system. The point of the VAT/HST, you see, is not to reduce deficits – that’s a red herring – and the reporting on the issue is deceptive for it misrepresents the actual intention, which may be understood by means of longitudinal research. It takes some work, but by observing the effect of similar movements undertaken in separate jurisdictions over time, the fog of economic warfare resolves into a clear outline, then a topology, and finally an image of the systematic corporativist takeover and merger with government. This Wikipedia entry on Corporatism reveals how deeply enmeshed in our culture the ideology has become. The rot runs deep, and in prior decades a case might have been made that this was an unconscious or systemic cultural drift. But no more. The economy of the West is being brought low precisely so that it can be bought out by the banks that have seized control of our economies. You need only look to the the CVs of your state finance ministers and G20 leaders to see their affiliation with major central banks, elitist policy forums, and Wall Street institutions like Goldman Sachs and JP Morgan. (For more, see the complete short essay, ‘Tax Me: Power, History and Collectivism’s Makeover’ in the StatismWatch forum.)
Flashback: Nova Scotia budget hikes HST rate | Thousands protest Quebec budget | HST legislation introduced in B.C. | Facing years of deficits, Ontario freezes wages | Former premier Bill Vander Zalm rallies against the HST in BC | Ontario tax collectors get $45K severance, keep jobs in HST federalization deal | Athens erupts as Greek austerity plan passes | HST ad campaign debuts in Ontario | Ont. deficit could linger for years: McGuinty | HST bill passes, 13% tax starts July 1 | Poll: HST equals Hated Sales Tax | Anti-HST protest at Ontario legislature spills onto Toronto streets | Tories, Liberals, Bloc approve HST for Ontario and B.C.
Reuters
April 6, 2010
(Reuters) – The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.
Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax “was not as toxic an idea” as it has been in the past and also said a carbon or other energy-related tax may become necessary.
Though he acknowledged that both were still unpopular ideas, he said getting entitlement costs and the U.S. budget deficit under control may require such moves. “If at the end of the day we need to raise taxes, we should raise taxes,” he said.
Source | See also under Taxation: Nova Scotia budget hikes HST rate | Newfoundland residents protest national park fees on ‘traditional’ land | HST fight makes allies of B.C. political foes | Ottawa busker bylaw enforced | Thousands protest Quebec budget | HST legislation introduced in B.C. | Nicolas Sarkozy under fire after carbon tax plan shelved | More stimulus spending coming | MP Charlie Angus Introducing Private Copying Levy Bill, Flexible Fair Dealing Motion | Former premier Bill Vander Zalm rallies against the HST in BC | Ontario tax collectors get $45K severance, keep jobs in HST federalization deal | MEPs vote overwhelmingly for an EU Tobin Tax | Green energy bubbles threaten to pop at both Federal and Municipal levels | IMF chief calls for quota-based global warming slush fund | Frustrated Icelanders vent rage by voting no in referendum | EU considers general carbon tax | UK: Spy chips hidden in 2.5 million dustbins, councils plan 60% tax hike | Greece unveils radical austerity package | Tories hand out $75 billion worth of ’spending restraint’ | Obama unveils newest health-care plan | Gordon Brown’s plan for global bank tax ‘a step closer’ | EU leaders reach secret Greek bailout deal | HST ad campaign debuts in Ontario | The US budget: Barack Obama’s $3.8 trillion red ink blueprint | Global Bank Insurance Levy Wins Support over Transaction Tax at Davos | Cellphone fines up to $500 for Ont. drivers start Monday | IMF warns against retreat from stimulus spending | Terence Corcoran: Ontario puts $10B in the wind | EU urged to adopt bank supertax | Flaherty’s economic plan blasted as leading to taxation or cuts | Obama ponders bank transaction levy to recoup bailout shortfalls | Running a red light? It’ll cost you big time now | Ont. deficit could linger for years: McGuinty | French Carbon Tax Law Struck Down | Copenhagen Accord Establishes Global Government Framework | Final Copenhagen Text Includes Global Transaction Tax | Lower tax haul helps widen Ottawa deficit, $56.2B shortfall expected | EU calls for tax on bank transactions | HST bill passes, 13% tax starts July 1 | Poll: HST equals Hated Sales Tax | Taibbi: Obama’s sellout to Wall Street creates ‘permanent bailout’ | Tories, Liberals, Bloc approve HST for Ontario and B.C. | Anti-HST protest at Ontario legislature spills onto Toronto streets | More HST debate fallout after Ontario Legislature sit-in | Bombshell UN Climate Documents Reveal Planned “End Run” Around National Sovereignty | Liberals to support HST bill | Tory HST protest halts Ontario question period | UK: Brown takes campaign for Tobin tax to Commonwealth | Federal HST tax bill to be introduced, plays politics with law | Ontario Tories walk out to protest lack of hearings on HST | Contentious HST bill introduced in Ontario | Leaked G20 Documents Shed Light on Global Carbon Tax | Food under $4 to be HST-free, Ontario says | GPS Tracked Road Tolls Back On Agenda for Toronto Metrolinx | Report suggests road tolls, parking and fuel taxes for GTA | Everyone in Britain could be given a personal ‘carbon allowance’ | Czech President: Copenhagen to be ‘Largest tax increase in world history’ | McGuinty says HST doubters exist in Liberal ranks | Copenhagen’s Plans for a New ‘Government’ are Scary | UK: Secret Plan for Euro Income Tax | Copenhagen, carbon, and the global corporate agenda | Electronic health is the boondoggle of boondoggles | IMF chief wants global bank tax | Canadian taxpayers on hook for any H1N1 vaccine damages | Ontario deficit $2.5B worse than expected due to drop in corporate tax | Ont. gives green energy price guarantee | If passed, HST locked in through 2012 | New HST tax is fair, McGuinty says | Thousands rally against coming HST tax in BC | Sarkozy launches carbon tax to help ’save the human race’ | Quebec’s photo radar starts ticketing | Flaherty offers taxpayer-funded bribe to adopt HST tax, holdout provinces demur | BC, like Ontario, moves to harmonize taxes | Vancouver kicks off quest for ways to fund transportation system | Cost Of US Bailout Hits A Whopping $24 Trillion Dollars | Ontario to subsidize electric cars as auto-sector boost | G8 Summit: Rich nations to pay green tab | G8 leaders see no early end to stimulus | Climate Cops To Fine “Wasteful” Homeowners & Businesses | Goldman Sachs: The Great American Bubble Machine | US cities may have to be bulldozed in order to survive | Ontario Liberals pressing to hide new ‘harmonized’ tax in prices | Ontario unveils cap-and-trade legislation | Economic stabilization may rely on carbon economy, economist says | ‘Smart meters’ set to boost prices, track your power consumption by time of day in Toronto | GM deal likely involves bigger sacrifices: McGuinty | With interest rates at zero, Fed looks at going negative | Revenue Canada destroys man’s life, refuses to pay for million-dollar mistake | NRTEE Carbon Market Panel is ‘Round Table on Socialist Planning’ | Climate panel presses for federal cap-and-trade system | Which Banks Will Rule? | Carbon tax resurfaces in Liberal policy proposal | Canada Revenue Agency employees arrested in corruption probe | Obama, Gore, tied to Chicago carbon exchange | Ontario to merge GST, PST in ‘harmonized’ tax hike | Ottawa considering aid for private broadcasters | Barclays bank gags Guardian newspaper over tax avoidance leaks | UK Central Bank begins using ‘new’ money | NY Times: Mileage Tax Would ‘Track Where Motorists Have Been’ | Stimulus needed now, Bank of Canada says | Terence Corcoran: Ontario’s green energy plan sneaks in feed-in taxes | Obama outlines ‘hard choices’ budget | Cost of Afghan mission jumps to $11.3-billion | GM wants twice as much taxpayer’s money | Behemoth budget bill to be rammed through parliament unread | Obama signs stimulus bill | Obama takes heat for third cabinet appointee that hasn’t paid taxes | Tories seek extra $331-million for Afghan mission | Fed infrastructure money requires provincial spending | All maxed out? Budget measures would improve credit access | UK Slips New Garbage Bin Taxes into Climate Bill | UK: ‘Spy-in-sky’ trials get the go-ahead despite Government promise to scrap road-pricing plan | Oregon Governor Wants GPS-Tracked Vehicle Mileage Tax | GTA Transit plan needs taxation, ‘governance’ powers | Is road-tolls fix running out of gas? | Ontario raises minimum price for beer | Toronto council approves plastic bag charge, bottle ban | Maybe we should look at Zimbabwe before trying to print our way out of a money crisis | Deficits ‘essential,’ Harper says | Road tolls called ‘inevitable’ | Now the consumer crunch: falling credit limits, rising interest rates | Federal government stages another retreat on road tolls | Federal Road Toll Meeting Sponsorship Kept Quiet Until After Election | Toronto Mayor David Miller hails new taxes on water, trash | New credit cards may shift unauthorized-transaction liabilities to the holder | The Bush gang’s parting gift: a final, frantic looting of public wealth | Is an Internet tax coming? | Metrolinx considering road tolls after all | Bailout is “petty cash”, Inflation is the Federal Reserve’s real crime | Toronto Mayor delays garbage tax grab for twelve months | Garbage bin fee hike possible before new RFID bins even hit the kerb | Next Federal Reserve bank bailout round could cost taxpayers 1$ Trillion Dollars | Central banks continue inflating global economy | Central Banks Move to Transfer Wealth from Taxpayers to Banks | For Toronto, road tolls, fees ‘on the menu’ | B.C. carbon tax kicks in on Canada Day | Road tolls, a bitter pill that works | Microchip bin tax scheme to go ahead despite failures | Feds Stealing from UI fund, Layton says | Time has come to put ‘price on waste and pollution’: Dion | Toronto Residents Furious Over RFID Garbage Bins | Pay-As-You-Drive Car Insurance | Is it time for toll roads? | Metrolinx Proposes Satellite Vehicle Tracking for Road Tolls
April 26th, 2010 at 2:02 pm
[...] as it will harmonize Canadian tax regimes with those of the EU’s VAT system – and soon, the USA as well if this hydra isn’t stopped. And Mulroney will have a gravelly laugh at our expense as his [...]
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