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Tuesday, February 14, 2012

Raiser of Taxes: France pushes Tobin Tax, wants all Global Financial Transactions to be to be taxed

Blogman's Notes:

In the book of the prophet Daniel, we can read of a time before the time of the mark of the beast system is introduced when a world leader will introduce or desire to introduce onerous taxation upon the whole population of the world. This idea introduced in 1972 by Nobel Laureate James Tobin has come to be known as the Tobin tax. Tobin himself got the idea from John Meynard Keynes, the father of modern Economics, whose ideology is wreaking havoc upon Global Economies as it is pursued relentlessly by Central Bankers, most importantly by the Federal Reserve of the United States. Since the 1930's, the Global Elites have desired such a tax that will be Global and will raise hundreds of billions, if not trillions, that they will spend at their discretion. This idea that keeps resurfacing from time to time, has started gaining traction since 2008 when the current Economic Crisis began. In 2009 this idea began to be pushed out of the realm of Academics into the realm of Politics; the following is a quote from a Wikipedia article on the Tobin Tax: "European Union leaders urged the International Monetary Fund on Friday to consider a global tax on financial transactions in spite of opposition from the US and doubts at the IMF itself. In a communiqué issued after a two-day summit, the EU’s 27 national leaders stopped short of making a formal appeal for the introduction of a so-called “Tobin tax” but made clear they regarded it as a potentially useful revenue-raising instrument."

Having a Global tax administered by an international body like the IMF or the UN legitimizes unelected elitist organizations while undermining the sovereignty of nations. It is the Economic conquest of the world that is prophesied in the Bible, not a military conquest. The Tobin Tax, also called The Financial Transactions Tax is an important step towards the fulfillment of Biblical prophecy leading to the end of the world as we know it!

Daniel 11:20 Then shall stand up in his estate a raiser of taxes in the glory of the kingdom: but within few days he shall be destroyed, neither in anger, nor in battle.
Daniel 11:21 And in his estate shall stand up a vile person, to whom they shall not give the honour of the kingdom: but he shall come in peaceably, and obtain the kingdom by flatteries.

It is truly remarkable how much the Bible speaks about Economics and the Economic end of the world, I for one am convinced that we are presently witnessing the fulfillment of events prophesied so long ago.

France is determined to press ahead with a financial transaction tax inspired by the UK’s stamp duty and supported by at least eight other eurozone countries, the country’s finance minister has said.
François Baroin, French finance minister, said the the tax will be levied at 0.1 per cent, raising €1bn a year on share trades. By contrast, the British stamp duty on shares stands at 0.5 per cent, and raised £2.7bn in the 2010/11 tax year.

In an interview with the Financial Times on Monday, hours before parliament was due to kick off a debate on a so-called Tobin tax announced by President Nicolas Sarkozy last month, Mr Baroin said he hoped the initiative would put pressure on the European Commission to accelerate the implementation of a controversial Europe-wide levy which is staunchly opposed by the UK.

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