Bankrupting the World

If something doesn’t work we just need to try it again harder, right? That must be what the United Nations (UN) is thinking because the globe is in an economic recession and so far taxing the wealthy hasn’t managed to pull us out of it:

The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries.

An annual lump sum payment by the super-rich is one of a host of measures including a tax on carbon dioxide emissions, currency exchanges or financial transactions proposed in a UN report that accuses wealthy nations of breaking promises to step up aid for the less fortunate.

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.

It’s bad enough that crackpot economists are giving every country on the planet bad advice, we really don’t need a global organization of government advocating for the same kind of insanity. At least the various country governments can claim they provide useful goods and services with the money they steal, what is the UN’s justification? Do they need more money to wage wars… yeah.