"Pay my troops no mind; they're just on a fact-finding mission."

UN calls for ‘billionaires tax’ to help world’s poor

UN backed programs have a very poor track record. They have never taken the time to develop the distribution infrastructure needed to make development work. They also haven’t focused on the right programs, people think Africans need computers more than diarrhea medication (which kills them more than the diseases they are getting vaccinated against).

The UN Army & Police force are primarily composed of poorly trained 2nd and 3rd world soldiers. Their track record is so legendarily horrible that I won’t bother to cite it. Mercenaries that work for cash are a welcome relief from the incompetence of undisciplined troops who will abandon you and your family to be senselessly slaughtered by ruthless murderers because a bureaucrat is afraid of jeopardizing his or her political career because of a single bad press release. Which particular instance am I talking about? Pick one of dozens.

A mandate written by the UN is toilet paper. If you want to help people, work with people like Vinay Gupta. Look at the environment of the people you are helping and figure out what they really need, whatever solution organizations like the UN create is more likely to destroy the economic ecosystem of a given country rather than help it.

The annual World Economic and Social Survey says it is critical to find new ways to help the world’s poor as pledged cash fails to flow.

The report estimates that the number of people around the globe worth at least $1 billion rose to 1,226 in 2012.

There are an estimated 425 billionaires in the United States, 315 in the Asia-Pacific region, 310 in Europe, 90 in other North and South American countries and 86 in Africa and the Middle East.

Together they own an estimated $4.6 trillion so a one percent tax on their wealth would raise more than $46 billion, according to the report.

The document gives other ideas for international taxes, including:

— a tax of $25 per tonne on carbon dioxide emissions would raise about $250 billion. It could be collected by national governments, but allocated to international cooperation.

— a tax of 0.005 percent on all currency transactions in the dollar, yen, euro and pound sterling could raise $40 billion a year.

— taking a portion of a proposed European Union tax on financial transactions for international cooperation. The tax is expected to raise more than $70 billion a year.

It also suggests expanding a levy on air tickets that a number of nations already impose to raise money for drugs for poor states through UNITAID, a UN initiative.

The report says more than $1 billion has been handed over to UNITAID since the levy started in 2006. Link

By US law, 75% of US food aid must be bought from US sources and processed, bagged and shipped by US companies. Most of the contracts, therefore, go to the big US-based grain traders who bid for them.

Prices have in recent years been, on average, 11% above market rates.

Nearly 40% of total US food aid costs is paid to US shipping companies, where restricted bidding again limits competition, so prices tend to be higher than on the open market, according to Oxfam.


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