South Korea Leader Offers North Reunification Tax Incentive

August 15, 2010

(ChattahBox) – Could common sense someday prevail as reports swirl about the worsening health of North Korean leader Kim Jong-il?  Previous South Korean leaders have brought up the sensitive subject of reunification in the past but really didn’t provide much incentive to do so. But current South Korean President Lee Myung-bak  has come up with a unique approach, by proposing a special tax to cover the enormous cost of rejoining its neighbor to the north.  Bringing impoverished North Korea up to speed with South Korea’s thriving economy could cost from a few hundred billion dollars to up to $1 trillion. “Reunification will definitely come,” said Lee via the NY Times. “I believe that the time has come to start discussing realistic policies to prepare for that day, such as a reunification tax.” North Korea has yet to respond, but analysts heavily doubt that it will react with anything but anger given their track record.  The two neighbors still remain technically at war after having signed only a cease-fire at the end of the 1950-53 Korean War. “North Korea will take a unification tax as the expression of a South Korean attempt to prepare for a sudden collapse of the North Korean government,” one expert said.


2 Responses to “South Korea Leader Offers North Reunification Tax Incentive”

  1. Morely Dotes on August 15th, 2010 5:24 pm

    Well, that’s how fascism works – when the “face” behind the fascist regime dies, unless he has already turned over the reins of power to a new “face” (such as happened in Soviet Russia and Red China several times), there is a sudden collapse of the government. And honestly, there isn’t any difference between fascism and Communism, except the fake “elections” held by the Communists.

  2. Mohammed AL-Saedi on October 15th, 2010 8:53 am

    Adherence to Principles of National Reunification Called for

    Pyongyang, October 14 (KCNA) — The three principles of national reunification set forth by the Workers’ Party of Korea– independence, peaceful reunification and great national unity–are the most just and patriotic principles, says Rodong Sinmun Thursday in a signed article.

    It is the invariable stand of the WPK to achieve the country’s reunification on the principle of national independence, the article says, and goes on:

    The June 15 joint declaration and the October 4 declaration correctly reflect the desire and demand of all Koreans for rejecting foreign forces and realizing the independent reunification by the united efforts of the nation. The adoption of these declarations, a reunification program common to the nation, and the admirable success made in the inter-Korean relations after it are a vivid demonstration of the validity and vitality of the WPK’s principle of independent reunification.

    It is the consistent principle of the WPK to reunify the country in a peaceful way.

    The WPK has waged a dynamic struggle for national reunification under the banner of peaceful reunification over the past 60 years. The proposal for founding the Democratic Federal Republic of Koryo advanced by President Kim Il Sung at the 6th Congress of the WPK is the most patriotic and just proposal which embodied the principle of peaceful reunification. Nothing is better than the federation proposal in realizing national reunification. All Koreans at home and abroad are now making a vigorous struggle to materialize the federation proposal clarified in the historic June 15 joint declaration, zealously supporting it. This goes to prove the validity of the WPK’s principle of peaceful reunification.

    It is the fundamental principle of national reunification advocated by the WPK to realize the country’s reunification by pooling efforts of all Koreans.

    The WPK regarded patriotism and the spirit of national independence as basis for national unity. The 10-point programme of great unity of the whole nation advanced by Kim Il Sung and the five-point policy for great national unity set forth by General Secretary Kim Jong Il on the sacred road for national unity have served as the banner of national reconciliation and unity and as the guidelines of action.

    “By our nation itself”, the idea of national unity, became a steadfast idea common to the nation and solidarity and alliance among the Koreans of different strata at home and abroad for national reunification have grown stronger than ever before on a nationwide scale. This is a shining fruition of the WPK’s energetic efforts for achieving the country’s reunification through the concerted efforts of the nation.

Got something to say? **Please Note** - Comments may be edited for clarity or obscenity, and all comments are published at the discretion of - Comments are the opinions of the individuals leaving them, and not of or its partners. - Please do not spam or submit comments that use copyright materials, hearsay or are based on reports where the supposed fact or quote is not a matter of public knowledge are also not permitted.