Monday 12 June 2017

Not just the self interest of the wealthy

Subject: Not just the self interest of the wealthy.


One of the questions asked of Jeremy Corbyn is "how will you afford your dream of socialism". How can we pay for hospitals and schools and affordable housing.
Who is to pay for it all ?
It's a question which in the distant past was never asked, it was assumed to be a matter for general taxation.
In the days before Margaret Thatcher, in the days of Jim Callahan and before him Harold Wilson and even before him Clement Attlee the question was never asked. Even as the ruins of the second world war lay around us and the equal devastation of our national finances were revealed, it was never asked, it was assumed it just had to be done !!
Mrs Thatcher changed all that and its one of the reasons why she is so beloved of a certain class of people and so hated by everyone else.  She deliberately disconnected the responsibility which government had towards society and created  in its place a 'winner, and loser society'.
If you won, you pocketed your winnings if you lost hard luck since in a winners society there was no place for the loser.
In 1990, the ratios of 20 to 1 for the winners, upper echelon salaries earners, compared to the normal employee in their firms. They were ahead but still in sight.
In the present day its risen to 200 to 1 and disappearing out of sight each year. There is never any suggestion of equity or fairness, we were sold the story of the "inevitable" gulf between us, that it was a law of nature for such a gap to exist,  that if we didn't maintain the gap the winners would take their bat home, move away overseas and leave us all behind to suffer in our squalor.

We are told that the rich pay more than we do in tax and therefore by implication we should be grateful for their contribution. The fact that 1% of the population earn 25% of the remunerable wealth, (salaries and stock options), a state of affairs which does nothing to reveal inherited wealth and the wealth tied up in the huge estates in this country. It's a situation which has been allowed to prosper since Mrs Thatcher and it's made worse by the fact that much of this wealth is held in tax havens overseas, many of them run as British Financial Protectorates, connected as Crown Territories but laying outside the jurisdiction   of HMRC. 
Nothing can be done, it's a universal law laid down by Milton Friedman and supported by Banks such as Goldman Sachs. Why can't we understand that immutable laws are just that, immutable, why don't we read and understand what the financial papers say about Globalisation and the inevitability of cross boarder deals and financial arrangements regarding the artificiality of the domicilium of a head office and it's tax arrangement. Don't we understand that the laws which apply to you and I don't apply to the winners.
Jeremy Corbyn has challenged all that. He has put a spoke in the wheel of what had become conventional wisdom. He reminded us of what a balance fair society should look like, when government, unlike in the USA which has minimal leverage over the lives of its citizens, when governance reflects the voting public not just the self interest of the wealthy.
remuneration

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