Wednesday, October 10, 2012

United Nations wants the US taxpayers to pay for a Global Social Security for the worlds poor

Click here to read this in full at Business Week:

Basic social protection could be provided to all the world’s poor at the cost of 2 percent of global gross domestic product, according to the United Nations’ advisers on extreme poverty and the right to food. 

Almost 80 percent of the world’s poor have no social safety net to protect them against the effects of unemployment, illness or disability, Olivier De Schutter, who reports to the UN on the right to food, and Magdalena Sepulveda, UN adviser on extreme poverty and human rights, wrote in a joint statement.

The world had 868 million hungry people in the 2010-12 period, or 12.5 percent of its population, the UN’s Food & Agriculture Organization reported today. The advisers said the fund plan should be discussed at an FAO food-security meeting in Rome next week.

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