French President Macron Proposes An International Taxation Deal To Finance Climate Efforts, Calling For A ‘Financial Shock’

Last week France hosted a highly touted event called the “Summit for a New Global Financing Pact,” which was so packed that many journalists could not even get inside to report on what was said in real time. In truth, the overall gist of the summit was more of the “status quo” and cliché statements being made like so many other summits before this one, with urgent pleas to solve the climate crisis, help developing nations grow faster, increase equality and diversity, and so forth.

The event was organized by and partnered with groups such as the Bill & Melinda Gates Foundation, the Rockefeller Foundation, UNESCO, OCDE, Global Citizen, and more.

We will take a major step, as we will start by establishing a new consensus. The fight against poverty, the decarbonization of our economy in order to achieve carbon neutrality by 2050, and the protection of biodiversity, are closely intertwined.

We therefore need to agree together on the best means to address these challenges in the poor and emerging countries of the developing world, when it comes to the amount of investment, to comprehensive reform of infrastructure like the World Bank, the IMF, and public and private funds, and how to set a new process in motion.

French President Emmanuel Macron said

Green Loans

Howbeit there were some interesting statements made at this summit, a big one being that the International Monetary Fund (IMF) and World Bank, in collaboration with U.S. Treasurer Janet Yellen, to loan poorer countries with more funds instead of just outright helping them with existing loans, as these entities are effectively not budging on their settled contracts.

For example, as reported by Reuters, a coalition of nations agreed to provided 2.5 billion euros ($2.7 billion) to Senegal to help them reach their goal of 40% of installed capacity from renewable energies by 2030.

But Senegal has a huge poverty rate, roughly at 47%, and approximately 95% of everyone living on roughly $10 a day. So, rather than fund something else in Senegal to alleviate this problem – which is one of the touted United Nations Sustainable Development Goals (SDGs), to end poverty and inequality – the Paris summit is rather willing to fund billions into renewable energies.

Furthermore, Janet Yellen reemphasized pledges to loan Indonesia $20 billion to build green energy facilities. She added that the World Bank should incentivize lending to countries who wish to invest green projects and developments, with “climate-resilient debt clauses to their loan agreements.”

Lena Petrova, CPA, reporting on these developments, further notes that other world governments have had to adjust their policies to just to payback or qualify for loans from the IMF, for example; such as the case with Pakistan, who at the same time of this Paris summit, announced that they will have to begin raising taxes on its people in order to payoff its loans to the IMF, as the IMF has issued rigid flexibility; or in the case of Ukraine in 2022 when they passed one of the strictest anti-worker labor laws in the world, that removes the rights of staff at medium and small businesses, for Ukraine to payoff loans, too.

The full list of outstanding loans made to the IMF can be read here.

https://www.youtube.com/watch?v=XDO4GYm3_uQ

Tax ‘Em

Other interesting statements that stood out from this accord came from none other than President Macron, who called for a global “financial shock,” and international taxation for climate goals, Aljazeera reported.

More specifically, when Macron took to the stage, he described the plans for international taxation.

I’m in favor of an international taxation to finance efforts that we have to make to fight poverty and in terms of climate [action]… It doesn’t work when you do it alone, the [financial] flows go elsewhere.

France already has in place two types of taxes that have been suggested: one on plane tickets, another on financial transactions, [and I am going to] make others follow us and mobilize.

There has been a great deal of discussion on the idea of international taxation, over and above what countries and institutions are doing. Whether it’s on financial transactions, maritime transport or certain other models, it will only work if it’s truly international, and so it presupposes an agreement, as we’ve been able to do on international taxation.

Macron said

https://www.youtube.com/watch?v=2wrEOVo-mG4

After day two, June 23rd, Macron reemphasized these points in an exclusive interview France 24, where he stated that, “We need to create an international tax for Africa, that’s what we need.”

https://twitter.com/France24_en/status/1672137524720877569?s=20

https://twitter.com/France24_en/status/1672141600619634688?s=20

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AUTHOR COMMENTARY

Needless to say, it’s easy to see why so many developing nations and countries over in the East are working to dump the dollar, because their international banks and mafia groups are toasting and oppressing them with all these stupid green policies; which are clearly not about the environment and wellbeing: it’s all about death, depopulation, famine, desolation, and indebted slavery.

Now whether or not Macron’s calls for an international tax come to fruition, it is something we should take note of and prepare for that reality.

[3] A poor man that oppresseth the poor is like a sweeping rain which leaveth no food. [15] As a roaring lion, and a ranging bear; so is a wicked ruler over the poor people.

Proverbs 28:3, 15

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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