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The Treaty on Truth in Ownership

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mimus

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Aug 26, 2009, 12:53:38 PM8/26/09
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An international Treaty should be implemented that any asset the ownership
of which cannot be determined due to the ownership-trail leading to a
State which formally or de facto (due to nominal or ineffective policing)
allows the falsification or concealment of ownership shall be confiscated
by the State in which that asset is discovered (where the offending State
is a State of a Federal Union where the individual States make their own
laws in such respect, the Treaty's reprehension should apply to that State
of that Union alone, and where such asset is discovered and confiscated in
such State of such Union, the liquidated profit from that asset should be
shared equally between that State and that Union).

Note that this means that _all_ assets the ownership-trails of which lead
to such States shall fall under the reprehension of the Treaty and be
subject to confiscation.

And note too that this is not a matter of "tax-havens", although most
States which function as such will likely be found to be engaged in
falsification or concealment of ownership of assets as well.

Such "truth in ownership" in dealing a most powerful and salutary blow to
secreting of assets will deal an equally powerful blow to tax-evasion,
corruption, organized crime, terrorism and espionage world-wide.

And it will deal an equally powerful and salutary blow too to those nests
of tax-evasion, corruption, organized crime, terrorism and espionage
involved.

An initial list of such States should be appended to the Treaty, with no
heed of promises of future compliance with ownership-determination.

And the Treaty should specify that the Signatories to it shall convene
once a year, without debate, to add or remove States from that list by
two-thirds majority vote.

--

Plutocracy is corruption, and corruption is plutocracy:
After all, if the laws are up for sale, who would you expect
the highest bidder to be, the wealthiest or the less so?


http://www.globalresearch.ca/index.php?context=va&aid=8878

http://levin.senate.gov/newsroom/supporting/2006/PSI.gasandoilspec.062606.pdf

http://www.salon.com/opinion/greenwald/2009/04/04/summers/index.html


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