Tax billionaires to help world’s poor: UN (why not ZAKAT?)

AFP ARABNEWS
Friday 6 July 2012

UNITED NATIONS: The United Nations yesterday called for a tax on billionaires to help raise more than $400 billion a year for poor countries.

An annual lump sum payment by the super-rich is one of a host of measures including a tax on carbon dioxide emissions, currency exchanges or financial transactions proposed in a new report that accuses wealthy nations of breaking promises to step up aid for the less fortunate. The UN’s annual World Economic and Social Survey also says it is critical to find new ways to help the world’s poor as pledged cash fails to flow.

The report estimates that the number of people around the globe worth at least $ 1 billion rose to 1,226 in 2012.

These include an estimated 425 billionaires in the United States, 315 in the Asia-Pacific region, 310 in Europe, 90 in other North and South American countries and 86 in Africa and the Middle East.

Together they own an estimated $ 4.6 trillion — or an average of $ 3.75 billion per person, according to the report.

The UN estimates that a one percent tax on their wealth would raise $ 46 billion in 2012. “Would this hurt them?” it questioned. “The ‘average’ billionaire would own $ 3.7 billion after paying the tax. If that billionaire spent $ 1,000 per day, it would take him or her over 10,000 years to spend all his or her wealth,” the report says. The UN acknowledged, however, that for now its tax on the unimaginably wealthy remains “an intriguing possibility.”

“It has not been regarded as a means of raising revenues for international cooperation.” The report gives other ideas for international taxes, including:

— a tax of $ 25 per ton on carbon dioxide emissions would raise about $ 250 billion. It could be collected by national governments, but allocated to international cooperation.
— a tax of 0.005 percent on all currency transactions in the dollar, yen, euro and pound sterling could raise $ 40 billion a year.
— taking a portion of a proposed European Union tax on financial transactions for international cooperation. The tax is expected to raise more than $ 70 billion (55 billion euros) a year.
It also suggests expanding a levy on air tickets that a number of nations already impose to raise money for drugs for poor states through UNITAID, a UN initiative.

The report says more than $ 1 billion has been handed over to UNITAID since the levy started in 2006.

http://www.arabnews.com/tax-billionaires-help-worlds-poor-un

NOTE BY THE EDITOR: Allhamdolillah – all praise is due to Allah – how superior the Islamic system of Zakat is to all that which others are trying to copy. (However, we are grateful that they are trying to copy something, at least…)

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6 replies

  1. Dear Brothers/Sisters,
    Assalamu Alaikum wa Rahmatullahi wa Barakatuhu
    I am Md. Atiqur Rashid vary poor Muslim. i got a big loss in business. i has a debt of money .the people who were defaulters disturbed us much. we I know that your organization is vary large please help me. I have need financial help.
    With due respect I would like to let you know that I am a highly distressed person in the human society. I have been leading a heavy distressful life for last few years. There are four members in my family. To mitigate the regular and most basic expenses of myself & my family I had to borrow money from my relatives and known peoples in my society. Gradually the amount of borrowed money is becoming greater. My social security has already been destroyed. My lenders have already started to create pressure to me. In such situation my own & my family member’s lives are always in risk. I have two kids and they are school going. Both the kids are brilliant but I can’t provide them required support in all respect. As a result prospective future of these kids is also going to be uncertain. This is really an unbearable situation and shock for a father.
    I have a good intension to repay all of my loans. Besides I need to do/establish something for mitigating my family expenses on regular basis. But without money nothing is possible. The reason why I need financial help of peoples who are rich and who are in a position to provide financial help to me.
    Understanding my crucial situation would you please extend your hand of co-operation to help me to survive with my family? I also would like to mention here that I need at least one hundred and fifty thousand US$ to mitigate my present need.
    I will give you my bank account particulars if you please agree to provide financial help to me. Await to receive your cordial response by return mail (E-mail: mostaqueminar@gmail.com or
    Atiqur Rashid
    Bank A/C No- s/a 20502240200128108
    Swift coad No-IBBLBDDH177
    Islami Bank Bangladesh Ltd, idb bhaban Branch
    Dhaka .Bangladesh
    Best Regards
    Atiqur Rashid

  2. asslmlkm..just want to share..one of our friends was in bad condition and situation..if someone want to help her,pls bankin to ac maybank malaysia 112745150517..tqvm..

  3. assalm alakum requesting letter please help us i am 50 years old lady teacher who is running a madarsa in village masjid but we have no financial support from any where thats why the madarsa and the students are not functioning properly so provide some help for upliftment of madarsa as soon as possible its my humble request to all over the world peoplewho have seen my letter please provide some financial support for my islamic madarsa help us for the sake of almighty allah hoping to hear from you soon .
    thanking you
    by fatima siddique virasatu-uloom (INDIA)

  4. My Dear, Sir/Madam,
    I need per month $1,500. I am a poor man but I am a Student. My father is let. My long life you’re some money. Whoever oppresses a poor man insults his Maker, but he who is generous to … Moreover, Remove far from me falsehood and lying; give me neither poverty nor riches; feed …I and my brothers and my servants are lending them money and grain. … It is through this craving that some have wandered away from the faith and …If I tell the truth; everyone will start hating me and call me a thief. … “O Lord of the …… wants, and the next morning, on parting with him, gave him some money besides. As little foundation is there for the report that I am a teacher, and take money; that … And although some of you may think I am joking, I declare that I will tell you the … I could not help thinking that he was not really wise, although he was thought …I feel like God doesn’t care and just wants to make my life a living hell. … So I hope that you can find it in your heart to forgive me if I said … And my so-called brothers (and sisters) in Islam aren’t much of a help…. Been a long time since I’ve said that. … Some Reasons Why Allah Tests Us by Problems: . There are many different angelic beings that can help bring you wealth of all kinds. … I am a world renowned clairvoyant who’s life long gift has helped thousands of …. Help you make difficult decisions if you are at some kind of crossroads in your life. As you consider where to donate your Zakat and Fitra this year, we humbly ask that … work on behalf of underprivileged and orphaned children a old poor man help donate in Bangladesh.’ Don’t surrender your possessions to him.’…. Do not turn away a poor man even if all you can give is half a date. …. Allah and never associate anything with Him, establish prayer, and pay Zakat, and do good to your kin. …..Get a life all of you, and stop thinking you and your ideas are better than everyone else’s … You are happy that this poor man was stabbed and that makes me sick. …. But if they repent and perform As-Salat (Iqamat-as-Salat), and give Zakat, then leave their way … O you who have believed, seek help through patience and prayer. … Pledge you had given your mother yet here I am, unmindful of the word I have given to the Almighty, Poor man helps this Poor man. I need $1500 money. I am a poor man.

    Yours truly,

    Your money donate help My Bank account Number:

    Md. Khursed Alom
    Plus Point Computer & Multimedia
    Prime Bank Ltd,Dinajpur, Bangladesh.
    (Current Account)
    A/C Number : 16911080005536.

    Or,

    Md. Khursed Alom
    A/C Number : 002065207.
    Sonali Bank, Cout Billding Branch,
    Dinajpur, Bangladesh.

  5. Assalamualeykum warahmatullah
    I’m from Ethiopia. I need funiacial support.I can’t explain what inside me because a lack of English please help ya ALLAH
    Ahsin kama Ahsanallahu ileyka akii

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