IGEG
Institute for Global Economic Growth
By Richard W. Rahn
THE WASHINGTON TIMES
Published November 13, 2005
Do you think your tax money should be given to international bureaucrats who give destructive advice to American policymakers? Well, that is what is happening -- and worse yet, some unthinking souls in the news media and Congress have treated some of these detrimental recommendations with undeserved deference.
A few examples should suffice. The Organization for Economic Co-operation and Development (OECD) has just released its 2005 Economic Survey of the
The report recommended the
Ironically, other OECD studies have shown the
If the OECD had been responsible, it would have urged policymakers here and in other countries to greatly reduce their government sectors, rather than advise how to increase taxes to enlarge the government. But such a conclusion would not have been "politically correct" in the eyes of many of those responsible for writing the checks (from coerced taxpayers) to support the OECD bureaucrats -- most of whom live in
Remember, this is the same OECD that attacked tax competition between countries as "harmful" rather than beneficial, as most economists view it. This is the same OECD that endorsed a U.N.-favored scheme to increase
The U.N. also continues its war on economic growth and freedom of speech. UNESCO just passed a treaty, despite strong objections of the
The Financial Action Task Force (FATF) is another international organization of unelected bureaucrats who have seized the right to regulate all financial and related businesses under the rubric of combating money-laundering. FATF makes no serious effort at cost-benefit analyses of its regulations, and therefore has hugely burdened the world's financial industry, with precious little in actual results. Worse, these costs are passed on to customers as higher fees and cut services, which hurt the poor the most. From failure to failure, the FATF demands a larger budget and regulatory power.
Another rogue is the World Trade Organization (WTO) which has the desirable goal of reducing global trade barriers. However, its bureaucrats also try to force
Now that the administration and Congress are finally looking for places to cut federal spending, they should begin by sharply cutting the international organizations.
Richard W. Rahn is director general of the Center for Global Economic Growth, a project of the FreedomWorks Foundation.
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