Soros, in pursuit of his open society, uses the refugees to the EU to destroy their old order. Plus, means to make the EU increase taxes to pay for their own destruction. He really believes the world will be better off after his machinations. But, then, history is littered with such megalomaniacs.
"In his essay, Soros said the number of refugees Europe can absorb each year should be between 300,000 and 500,000.
He wrote this sweet-spot number can be accommodated by European countries but will also assure those genuinely seeking asylum that they won't be turned away.
And the financier estimated at least $34 billion (€30 billion) a year will be needed for the EU to carry his plan.
"Thirty billion might sound like an enormous sum, but it is not when viewed in proper perspective. First, we must recognize that a failure to provide the necessary funds would cost the EU even more. There is a real threat that the refugee crisis could cause the collapse of Europe's Schengen system of open internal borders among twenty-six European states," he said.
For ongoing funding, Soros suggested the European Commission's Multiannual Financial Framework, Europe's long term spending plan, should be amended to increase VAT contributions.
But he argued a separate 'surge' funding is needed more urgently to stem the unfolding crisis and claimed existing mechanisms are in place.
Soros said the European Financial Stabilization Mechanism (EFSF) and the Balance of Payments Assistance Facility currently contain $68 billion (€60 billion) of unused funding that Europe should disperse.
The billionaire said these vehicles can be used to leverage Europe's easy credit terms.
"Throughout history, governments have issued bonds in response to national emergencies. That is the case in Europe today. When should the triple-A credit of the EU be mobilized if not at a moment when the European Union is in mortal danger?" Soros said."
