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OneWorld.net - LONDON, Feb 21 (OneWorld.net) - Proposals for a global financial transaction tax to help the development of poor countries affected by climate change have been ignored by the world's leading finance ministers.
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It's the same old story. Is there a problem? Throw money at it. But in this case more money will make the problem worse, because the result of adding a transaction tax for the development of poor nations will be the further growth of their populations who will demand more resources and more money. But the corporations like that because it supplies them with plenty of workers who, competing with millions of other workers for never enough jobs, are forced by circumstances to accept low wages. If they were smart they would peacefully reduce their population to make their labor scarce and more valuable, but machismo rules the World and defeats its own purpose. Most people are good, but too much of any good thing turns it bad.
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Members who have read G20 ministers reject calls for climate justice (OneWorld.net)