[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

The Attack on the USS Liberty (June 8, 1967) - Speech by Survivor Phillip Tourney At the Revisionist History of War Conference (Video) ‘I Smell CIA/Deep State All Over ThisÂ’ — RFK Jr. VP Nicole Shanahan Blasts Sanctuary Cities, we see peaceful protests launching in Los Angeles” - Democrat Senator Cory Booke We have no legal framework for designating domestic terror organizations Los Angeles Braces For Another Day Of Chaos As Newsom Pits Marxist Color Revolution Against Trump Admin Methylene Blue Benefits Another Mossad War Crime 80 served arrest warrants at 'cartel afterparty' in South Carolina When Ideas Become Too Dangerous To Platform The silent bloodbath that's tearing through the middle-class Kiev Postponed Exchange With Russia, Leaves Bodies Of 6,000 Slain Ukrainian Troops In Trucks Iranian Intelligence Stole Trove Of Sensitive Israeli Nuclear Files In the USA, the identity of Musk's abuser, who gave him a black eye, was revealed Return of 6,000 Soldiers' Bodies Will Cost Ukraine Extra $2.1Bln Palantir's Secret War: Inside the Plot to Cripple WikiLeaks Digital Prison in the Making? In France we're horrified by spending money on Ukraine Russia has patented technology for launching drones from the space station Kill ICE: Foreign Flags And Fires Sweep LA 6,000-year-old skeletons with never-before-seen DNA rewrites human history First Close Look at China’s Ultra-Long Range Sixth Generation J-36Jet I'm Caitlin Clark, and I refuse to return to the WNBA Border Czar Tom Homan: “We Are Going to Bring National Guard in Tonight” to Los Angeles These Are The U.S. States With The Most Drug Use Chabria: ICE arrested a California union leader. Does Trump understand what that means?Anita Chabria White House Staffer Responsible for ‘Fanning Flames’ Between Trump and Musk ID’d Texas Yanks Major Perk From Illegal Aliens - After Pioneering It 24 Years Ago Dozens detained during Los Angeles ICE raids Russian army suffers massive losses as Kremlin feigns interest in peace talks — ISW Russia’s Defense Collapse Exposed by Ukraine Strike

Religion
See other Religion Articles

Title: Christians call for monetary justice as Bono weathers tax storm
Source: http://www.ekklesia.co.uk/content/news_syndication/article_0
URL Source: http://ekklesia.co.uk
Published: Aug 12, 2006
Author: Not given
Post Date: 2006-08-21 17:19:24 by bluegrass
Ping List: *New History*
Keywords: None
Views: 251
Comments: 4

Campaigning rock star Bono, who has made a major impact with Make Poverty History and global debt cancellation initiatives, is in hot water with development and church groups over the justice of his own finances.

Along with Irish politicians, they are expressing surprise and dismay at U2's decision to move part of its multi-million pound operation from Ireland to Amsterdam, where the tax rate on royalty earnings is miniscule – and the Christian Council for Monetary Justice (CCMJ) says this is just one part of a global money system gone badly wrong.

The singer and his band U2 are facing for accusations of hypocrisy for switching their financial affairs to avoid paying higher taxes in Ireland, while berating the parsimony of rich country leaders and calling for public funds to go into financing debt relief for poor nations.

Bono's California-based venture capital firm, Elevation Partners, has also confirmed that it has invested the equivalent of some £157m in Forbes, the US business magazine often described in the media as “the bible of capitalism”.

According to the Rev Peter Challen of the Christian Council for Monetary Justice, the saga highlights not just the temptations of being part of a centrifugal corporate empire, but the inadequacy of the current proposals to tackle international poverty and inequality.

He told Ekklesia: “Behind the ‘generous’ debt palliatives advocated and urged by global celebrities, reports tell of tax avoidance in relation to preposterous fortunes by those very advocates.”

Continued Challen: “There has been a proliferation of recent reports on the numbing scale of debt at individual, community, national and international levels. Are we really to continue with palliatives when faith and common sense combine to recall us to a stern re-examination of economic structures that have fed our TINA (‘There Is No Alternative’) fixation?”

The acronym ‘TINA’ was coined in relation to the policies of former British PM Margaret Thatcher, whose administration radically restructured the UK economy in the 1980s, both anticipating and helping to initiate the neo-liberal tide.

In March 2006 the International Monetary Fund (IMF) released Garry J. Schinasi's book, Safeguarding Financial Stability. This documents in disturbing detail the IMF's deep anxieties about the "deregulation and liberalization" culture, say CCMJ.

Explains Peter Challen: “The policies which the IMF and proponents of the Washington consensus have advocated for decades have become a nightmare. They have created ‘tremendous private and social benefits’, according to Schinasi, but also hold ‘the potential…for fragility, instability, systemic risk, and adverse economic consequences’.”

The Christian Council for Monetary Justice is a network seeking to make an “exploratory Christian contribution of the biblical implications for a structural justice that works for everyone and protects the earth, weaving together an understanding of economy that challenges legal conventions on land, assets, environment and money.”

CCMJ is particularly concerned for a recovery of the biblical critique of usury (borrowing with institutional interest and an inherent debt structure) within the Christian, Jewish and Islamic scriptural traditions.

“In sadness we find more allies among mature Muslims than among Christians in this matter”, comments Peter Challen – who stresses the importance both of interfaith cooperation and of the rediscovery of subversive economic and ethical practices within the different religions.

Analysts and campaigners from both faith and non-faith background, many gathered around the Tax Justice Network, are working on issues of fundamental change and reform in tax structures, highlighted by the current Bono and U2 controversy.

In June 2006, Bono was joined by David Beckham in a high ad campaign for Red Motorola phones as part of the rock star's Project Red philanthropic organization.

More information about the Christian Council for Monetary Justice is available here.

Post Comment   Private Reply   Ignore Thread  

Begin Trace Mode for Comment # 3.

#1. To: bluegrass (#0)

Bono is an idiot.

BTP Holdings  posted on  2006-08-21   17:43:49 ET  Reply   Untrace   Trace   Private Reply  

Bono is an idiot.

You're being too kind.

I'm curious about these nascent anti-usury actions.

bluegrass  posted on  2006-08-21   17:45:55 ET  Reply   Untrace   Trace   Private Reply  

He told Ekklesia: “Behind the ‘generous’ debt palliatives advocated and urged by global celebrities, reports tell of tax avoidance in relation to preposterous fortunes by those very advocates.”

Continued Challen: “There has been a proliferation of recent reports on the numbing scale of debt at individual, community, national and international levels. Are we really to continue with palliatives when faith and common sense combine to recall us to a stern re-examination of economic structures that have fed our TINA (‘There Is No Alternative’) fixation?”

I'm curious about these nascent anti-usury actions.

It appears it is crunch time with the U.S. dollar and the FRN being the "world reserve currency".

We should all be thinking strongly right now about tightening our belts and reducing or eliminating personal debt if we have not done so already.

If the dollar loses its dominance in global trade, especially in energy markets, it is almost certain that a major push for the Amero, the globalist mirror to the Euro, will be the next step to our total enslavement.

BTP Holdings  posted on  2006-08-21   17:59:13 ET  Reply   Untrace   Trace   Private Reply  

        There are no replies to Comment # 3.

End Trace Mode for Comment # 3.

Top • Page Up • Full Thread • Page Down • Bottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]