If I had to identify a “least-favorite” international bureaucracy, it almost certainly would be the Paris-based Organization for Economic Cooperation and Development.
The OECD doesn’t waste as much money as the United Nations, it might not cause as much macroeconomic instability as the International Monetary Fund, and it presumably doesn’t produce as much bad research as the World Bank, but it surely wins the maximum-damage-per-dollar-spent award.
The OECD is pushing for new global rules that will result in higher taxes on the business community.
It has allied itself with the nutjobs from the so-called Occupy movement to push for bigger government and higher taxes.
The OECD is pushing a “Multilateral Convention” that is designed to become something akin to a World Tax Organization, with the power to persecute nations with free-market tax policy.
It supports Obama’s class-warfare agenda, publishing documents endorsing “higher marginal tax rates” so that the so-called rich “contribute their fair share.”
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for October 24th, 2014 | John Ransom
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Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 20th, 2014 | John Ransom