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Nichole Hungerford

From the Writings of David Horowitz: May 26, 2010

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Posted on May 26 2010 6:45 am

Speaking at a Democrat fundraiser in San Francisco on June 28, 2004, Senator Hillary Clinton bluntly warned her well-heeled supporters – some of whom had paid $10,000 to attend – that, when and if Democrats regained power, they meant to revoke Bush’s tax cuts. She said, “Many of you are well enough off that … the tax cuts may have helped you. We’re saying that for America to get back on track, we’re probably going to cut that short and not give it to you. We’re going to take things away from you on behalf of the common good.” [emphasis added] No sentence better encapsulates the Shadow Party agenda, nor better illustrates why Soros and Hillary have joined forces in the political arena. Their views on “social justice” could not be more perfectly aligned.

“The richest 1 percent of the world’s population receive as much as the poorest 57 percent,” Soros laments in his 2002 book George Soros on Globalization. Resolving this inequity will “require some resource transfers from the rich countries to the poor.” As the richest nation on earth, the United States of America would, of course, pay the lion’s share of the money required to support Soros’s new “global open society,” as he calls it. “The United States bears a special responsibility for the world because of its dominant position,” Soros explains.

Closing the gap between rich and poor nations will require putting curbs on what Soros calls “global capitalism.” Particularly egregious, in Soros’s view, is the effect of global capitalism on social security. The free flow of capital across borders reduces “the ability of the state to provide social security to its citizens,” he argues. In one respect, Soros is correct. Tax-based, pay-as-you-go social security systems of the sort that Otto von Bismarck introduced in Germany in 1889 and Franklin Delano Roosevelt brought to the USA in 1935 require massive taxation of working people in order to support those who are not working. In a high-tech, global marketplace, people in the upper tax brackets quickly learn to shelter their earnings from the tax collector through such expediencies as investing in offshore derivatives markets. Self-serving actions of this sort threaten the entire concept of a pay-as-you-go social safety net. As long as taxpayers can hide their assets from the government, no country can possibly collect enough taxes to provide cradle-to-grave security for its underclass. As Soros puts it, “The globalization of financial markets has rendered the welfare state that came into existence after World War II obsolete because the people who require a social safety net cannot leave the country, but the capital the welfare state used to tax can.”

The solution to this problem, according to Soros, is to turn the entire planet into a giant welfare state. In order to squeeze the necessary taxes from today’s globalized investor class, we need global institutions with the authority to track down and confiscate capital from anyone, anywhere on the planet. To this end, Soros recommends the formation of what he calls an Open Society Alliance, a global network of likeminded nations, corporations and NGOs which would operate first within the framework of the United Nations, but would later replace the UN, taking on all its current functions and more. According to Soros, this Open Society Alliance would employ various sorts of “carrots and sticks” to keep its members in line. “It would offer incentives where possible but would not shy away from enforcement where necessary,” he writes.

The Shadow Party: How George Soros, Hillary Clinton, and Sixties Radicals Seized Control of the Democratic Party

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