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Thursday, January 27, 2005

France: If You Can't Fix It, Tax It 

It appears France wants to do what they do best, and they would like the rest of the world to join them. No, I don't mean surrendering - I mean taxing. And boy, are they taxing.

They would like to raise taxes on fuel (yikes - that's the last thing anybody needs right now!) and airline tickes (double-yikes!), and give the extra income to curing AIDS.

Chirac said the levy could be imposed on international financial transactions without hampering markets, but it could also be raised by taxing fuel for air and sea transport, or levying $1 on every airline ticket sold in the world.

"It would allow us to mobilise $10 billion a year," he said.

Chirac said the money raised would be used not only to make medicines available to far more AIDS sufferers but also to finance research into a vaccine and develop prevention campaigns.

Chriac, of course, called for this to be discussed and sanctionned by the UN.

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