Will Grigg?s Liberty Minute

April 23. 2010

An entity that can collect taxes must be called a government. The International Monetary Fund, one of the tentpoles of the UN-centered system of global governance, is demanding the power to impose global taxes for the supposed purpose of addressing the global banking crisis.

The IMF?s proposal calls for the imposition of a so-called Financial Stability Contribution (or FSC), which would be collected from all financial institutions world-wide, as well as a Financial Activity Tax (or FAT), which would be based on the profits and bonuses paid by those firms. The revenue collected by the FSC and FAT would be used to bail out weak or failing financial institutions, thereby subsidizing corruption and incompetence.

It?s important to remember that corporations do not pay taxes; they collect them from customers by raising prices or increasing fees. A global taxation scheme of this kind would require a collection mechanism of unprecedented size, power, and invasiveness ? and destroy what?s left of our independence.

Let us take back the liberty wherewith Christ has made us free.