The latest threat to U.S. sovereignty is the United Nations’ Law of the Sea Treaty (LOST) that is being pushed by the Obama administration. LOST rises from the dead every few years. For more than thirty years, the United States has refused to become a party to LOST for good reasons. But this could be the year that the United States surrenders its sovereignty over the seas to an international body if Obama gets his way.
Under this treaty, the U.N. would have control over 71 percent of the Earth’s surface. This would be a huge step towards global governance. The Senate may vote to ratify the sea treaty as early as next week. President Ronald Reagan rejected LOST back in 1982, stating it would grant the U.N. the power to tax U.S. companies and redistribute wealth from developed to undeveloped nations.
For the first time in history, the U.N. would have the authority to collect taxes from U.S. citizens. The thought of global taxation should send goose bumps down the spine of every American.
Any form of global taxation would be a direct violation of the U.S. Constitution. American citizens are already overtaxed and overregulated. The last thing we need is an unelected, unconstitutional international body imposing even more harmful taxes and regulations on us. LOST could end up costing trillions of dollars and the American people would have no say on how the money is spent.
If the U.S. ratifies LOST, U.S. energy companies would be forced to pay a part of their royalties to the International Seabed Authority in Kingston, Jamaica. This supra-national governing body would be tasked with the mission of distributing revenue to “developing states” such as Somalia, Zimbabwe, and Burma. Like all forms of foreign “aid”, it’s likely that a big chunk of this money will end up in the hands of corrupt dictators thus propping up authoritarian regimes.
The U.N. would be granted the power to regulate deep-sea exploration in U.S. waters. LOST would do irreparable harm to U.S. companies by forcing them to comply with global environmental rules. The treaty would create a new international tribunal known as the International Tribunal of LOST (ITLOS) to adjudicate a number of different issues.
Julie Borowski is a Policy Analyst at FreedomWorks, an organization dedicated to lower taxes, less government, and more freedom. Her writings on economic policy have appeared in numerous newspapers and online outlets. She is on the Board of Advisors for the Coalition to Reduce Spending and she launched an independent YouTube channel called TokenLibertarianGirl in June 2011.
She was previously selected to be a Charles G. Koch Summer Fellow with the Institute for Humane Studies where she worked at the Center for Competitive Politics. Most recently, she was a government affairs associate at Americans for Tax Reform.
Julie has volunteered for political candidates in Kentucky and in her home state of Maryland. She graduated Magna Cum Laude from Frostburg State University in May 2010 where she studied political science, economics and international studies. She is now located in Washington, D.C.