It has been proven that when you tax an activity you get less of it. When you provide a tax break for an activity, you get more of it. We have seen over the past thirty years that when taxes on businesses are lowered the economy grows. When taxes and regulations are increased, the economy shrinks. Well, not everyone got the message.

Reuters reported on Wednesday that the United Nations has suggested a global tax on developed countries to help underdeveloped countries. The taxes would include a carbon tax, currency taxes, and taxes on billionaires. What the article fails to mention is that in many countries (if not all) poverty is political–not economic. In countries that are free with freely elected governments and private property rights, there is generally prosperity. In countries with dictators (who generally live rather well) and no private property rights, there is generally massive poverty. If the UN truly wanted to fight poverty, they would encourage democracy and private property rights in countries that have neither. All they really want to do is take money from countries that have earned it and give it to dictators in countries where it will never reach those who desperately need it!