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Quality of Earth governance  Global tax A) A tobin tax as a powerful instrument of the promotion of sustainable development Quality of Earth governanceThe quality of Earth governance is reflected in each local community worldwide. The Global Community will show leadership by creating a global civil ethic within our ways of life. The Charter of the Global Community describes all values needed for good global governance: mutual respect, tolerance, respect for life, justice for all everywhere, integrity, and caring. The Scale of Human and Earth Rights has become an inner truth and the benchmark of the millennium in how everyone sees all values. The Scale encompasses the right of all people to:Governance of the Earth will make the rule of arbitrary power--economic (WTO, FTAA, EU, world financial institutions), political, or military (NATO)-- subjected to the rule of law within the global civil society, the human family. Justice is for everyone and is everywhere, a universal constant. Justice is without borders. Proper Earth governance requires to reform the United Nations, World Trade Organization, World Bank, IMF, E.U., NAFTA, FTAA, all world financial institutions, and to centralize them under the Global Community, and these organizations will be asked to pay a global tax to be administered by the Global Community Global taxA) A tobin tax as a powerful instrument of the promotion of sustainable developmentA) A tobin tax as a powerful instrument of the promotion of sustainable developmentThe Global Community is making a strong case in favour of the introduction of a specific type of tobin tax as a powerful instrument of the promotion of sustainable development, both directly as well as indirectly. Indirectly, it can discourage financial speculation and currency crises with their devastating effects on countries; directly, as a tax, the proceeds of it can be used as an alternative source of sustainable development finance in order to promote the establishment of international public goods. The original Tobin tax proposal can be made into a feasible instrument by engineering it as a two-tier tax (the so-called Spahn version of the Tobin tax), with tax collection through the international settlements system. The global economy can be affected by the deregulation in the movement of capital and thus by speculation. Money is made off tiny fluctuations in the relative prices of currencies. Speculation makes it possible for huge amounts of money to be transferred half-way around the world in a matter of seconds. Whereas world trade associated with actual goods and services is estimated at 7 trillion dollars (US) a year, speculation is estimated at 1.5 trillion dollar a day. If a country's economy starts to slow, billions of dollars can be transferred out of the country instantaneously, which can significantly affect its economy and the people. This has been the case in 1997 of a number of East Asia countries. They were bankrupted by speculation. The people were enormously affected for the worst. Speculation can exert tremendous pressure on the internal politics of a country. It can bankrupt a country's economy. Speculation should be de-institutionalized. Humanity has no real need for speculation, and it does way more damage than good. Speculation is a form of gambling and is evil. B) A Green Tax Shift Policy Approach to financing local-to-global public goodsThe Global Community proposes a Green Tax Shift Policy Approach to financing local-to-global public goods. There is a troublesome and painful contradiction in the lives of many of us who are working for peace, justice, poverty eradication, debt cancellation and sustainable development. While our hearts and minds focus on building a better world for everyone, each day we hand over fistfuls of dollars to build weapons of mass destruction, fuel dangerous, dirty and polluting technologies, and subsidize huge conglomerates which concentrate the wealth of the world in the control of the few. But together we can end tax tyranny and align our visions and values with how we finance our governments.Taxation not only raises money to fund government services, it also reflects the overall value system of a society. The goal of green tax policy is to create a system of public finance which strengthens and maximize incentives for: * Fair distribution of wealth Green tax reform makes a clear distinction between private property and common property. Private property is that which is created by labor. Common property is that which is provided by nature. Green tax policy removes taxes from wages and other private property and increases taxes and user fees on common property. Reducing taxes on labor increases purchasing capacity, reducing taxes on capital encourages efficiency. Shifting taxes to land and resources curbs speculation and private profiteering in our common property and is a practical way to conserve and fairly share the Earth. Captured in brief soundbites, tax waste, not work; tax bads, not goods; pay for what you take, not what you make; and polluter pays become tax shift principles readily translated into voter friendly policy recommendations with broadbased political support. Green tax policy CUTS taxes on: * Wages and earned income Green tax policy INCREASES taxes and fees on: * Land sites according to land value Green tax policy seeks to ELIMINATE subsidies environmentally or socially harmful, unnecessary, or inequitable. Slated for drastic reduction or complete removal are subsidies for: * Energy production The Global Community is in favour of the introduction of a specific type of tobin tax as a powerful instrument of the promotion of sustainable development, both directly as well as indirectly. Indirectly, it can discourage financial speculation and currency crises with their devastating effects on countries; directly, as a tax, the proceeds of it can be used as an alternative source of sustainable development finance in order to promote the establishment of international public goods. The original Tobin tax proposal can be made into a feasible instrument by engineering it as a two-tier tax (the so-called Spahn version of the Tobin tax), with tax collection through the international settlements system. The Global Community was looking for a method of raising global taxes, of redistributing incomes to the poorest communities, of providing debt-free technical assistance to non-industrial and developing countries to help them out of poverty and to meet environmental and social standards, but there it was all along right on our eyes. The Earth Court of Justice will be asked to decide on the debt be changed into an actual tax to be paid by the rich nations to the poor nations, and to decide on the amount of tax to be paid. Developing nations will then be able to start rebuilding their communities as per the Scale of Human and Earth Rights and the Charter of the Global Community. They will not have to satisfy the economic needs and wishes of the rich nations. The Earth Court of Justice will also be asked to rule illegal the activities of the IMF, the World Bank and the WTO unless they become a part of a greater whole such as the Earth Ministry of Financial Institutions, a part of the future the Global Community. These institutions will be controlled by the greater whole. C) The debt of developing countries - was really a global tax developed countries had to pay to developing countriesThe Earth Court of Justice is required to rule that the debt of the poor nations or 'developing nations' to the rich nations was in actuality a form of global tax and therefore the poor or 'developing' nations dont have to pay it back. In fact poor nations should expect way more money as tax by the rich nations and not as loans.The state of the world today is the result of a specific set of interlocking institutions: the IMF, the World Bank and the WTO. These institutions are designed to generate massive wealth for the few and poverty for the rest. The same people who make the decisions in government and corporation make the profit. They create a tight concentration of power. Together they are a form of anti-government whose only goal is profit. The IMF, through Structural Adjustment Programs, now directly runs the economies of over 70 countries. That means that about 1000 economists and bureaucrats control the economic policies for 1.4 billion people in these countries. That is a form of anti-government. The people that profit most from the global economy are white people. The people who are most oppressed by the global economy are people of colour. Racism and sexism have become the norm. The entire planet is in a state of low intensity civil war. The ruling elite profit off of the exploitation of the rest of the world. The Global Community was looking for a method of raising global taxes, of redistributing incomes to the poorest communities, of providing debt-free technical assistance to non-industrial and developing countries to help them out of poverty and to meet environmental and social standards, but there it was all along right on our eyes. The Earth Court of Justice will be asked to decide on the debt be changed into an actual tax to be paid by the rich nations to the poor nations, and to decide on the amount of tax to be paid. Developing nations will then be able to start rebuilding their communities as per the Scale of Human and Earth Rights and the Charter of the Global Community. They will not have to satisfy the economic needs and wishes of the rich nations. The Earth Court of Justice will also be asked to rule illegal the activities of the IMF, the World Bank and the WTO unless they become a part of a greater whole such as the Earth Ministry of Financial Institutions, a part of the future the Global Community. These institutions will be controlled by the greater whole.
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