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Will “Robin Hood” Tax Take Off?

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  • Description

    Radio Host Lars Larson sounds off on the proposed international transaction tax.

  • Duration 4:39
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What would follow the money I'm Eric Bolling the president is -- his way to France right now for the G-20 meeting the president will also meet with.

France France is Sarkozy Germany's Merkel and his second meeting right after that.

Will be with drum roll please.

Sing -- Richard -- ahead of the AFL CIO and right at the top of that agenda is what they call.

The Robin -- would tax also known as the financial transaction tax take a look at this clip from the AFL CIO -- It was Russian money for the -- that little friends living in poverty.

Are facing hunger.

Will need -- dissolution of the people who have been here.

Yeah it's just -- little tesh.

He doesn't -- -- won't instead it can -- financial transaction.

Held just a little tax a new tax and international tax and guess what it's approved by Richard Trumka and by the -- used for what teachers truckers and -- Really Mr.

President -- now radio host Lars Larson.

You know we did make this -- within even make that little -- that's directly from the AFL CIO.

Blog site what do -- make this transaction tax.

I -- tell -- it's a terrible idea and what we're hearing is Great Britain says they're only gonna get involved in a financial transactions tax for Europe if it is made worldwide.

And now we've got Bill Gates bush should get we've got Harkin the Democrat from Iowa and Defazio the Democrat from my state -- against and they're pushing this idea just a little -- tax we only wanted to reach in your pocket a little bit I'm -- you Eric.

This is a terrible idea Americans are not willing to give up their cash to bail -- Europe and they're not willing to have the government have another way to reach into their.

Audits of the laws let's talk about this for seconds a financial transaction tax which is gonna tax every financial -- that transaction whether it's a derivative trade are real estate transaction -- Anything that's financial.

Internationally I'm understanding.

I hope I'm getting is right internationally.

And then -- who was gonna collect the tax.

-- who's gonna make that decision know what that -- dead pool of money is going to be used for.

Well gates says that he once and for international programs which is a barn door wide -- to drive just about anything through so another words when the Greeks won't pare back and get some austerity going.

And cut back what they're what they're social welfare state -- generated I guess the enough the United States taxpayer will see some of his cash going anywhere in the world.

That our government masters decide it should go I think that's wrong Americans are not going to accept and thank goodness we've got Republicans in the house will.

Blockage.

In it it's unbelievable -- here we are our president going over there to talk to G-20 in -- -- -- the third besides Merkel and Sarkozy.

The second meeting he's having a is with Richard Trumka I mean -- if you're not outrages unions directed the unions -- this.

Idea it's another way to fund union members many of whom were in government -- government jobs remember in the private sector 93 or 94% of Americans have rejected the idea of being represented by unions in the private sectors may be 6% representation.

But in government especially in certain sectors it's double or triple that which means the unions have to figure out a way to get more money to fund those public sector jobs look Great Britain is that this problem they expand government jobs this private sector contracts one of these days -- both of us if these guys have their way what will all be working for government at that point.

I would like guys roll the video the protesters alliance Lars this question large we know trumka wanted to transaction tax he actually -- one here in the United States for US.

That what he called an infrastructure bank of those he wanted tax transactions.

Put money into infrastructure bank and and guess who gets that the proceeds of that infrastructure bank because of the union jobs -- -- imagine that infrastructure meaning every public sector job.

And why are we talking about getting rid of Davis bacon where union members on government projects get paid outrageous.

Salaries that are way above market and who funds that.

Government and they'll dip -- that infrastructure bank.

This is going to be the feeding trough for America's union members I -- first time on the show I believe serve as great -- you love to have you back.

Hey it's a pleasure to be on and I hear they've got to cut free at fox I heard adjustments on the odds -- if did try not to spend too much time to work OK hey listen -- Nissan sleep when you're dead right.

Absolutely all right -- --

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