Corona Government Has No Right to Tax You
Nobody in Britain should be paying income tax any more. Not you, not me, none of us. The Corona-Government has forfeited any right to tax your hard-earned wages. They don't give a toss for your wealth or health and they're not even pretending it's a________________
Thank you Ian, another brilliant and entertaining piece.
ReplyDeleteCheers Gib -this piece was from the heart as well as the head!
DeleteWell, so far as I can see, this has been going on in the UK ever since 1918.
ReplyDeleteThe insane decision by a Liberal government to poke our noses into a dynastic struggle between the three European Empires in 1914, followed soon after by the equally lunatic decision to create from scratch one of the largest armies the world has ever seen while at the same time paying for the biggest navy on the planet, on top of the everyday cost of the war, completely bankrupted what in 1914 was still one of the world’s wealthiest nations, in a scant four years. The total cost of the war to Britain, I read, was £3.251bn; the equivalent in today’s money, one hundred sixty-one billion one hundred twenty-eight million quid. Yet every November we still think ‘We Won’.
Nobody, at the time, dared to admit that we were flat broke. But everything since has merely been smoke and mirrors, largely ‘paid for’ by a United States which demands in return that the UK participates in all the meaningless global punch-ups on which it’s been spending eye-watering amounts of its own cash ever since WW2.
But despite spending $4 Trillion on WW2, the US still came out of it by far the most prosperous nation on the planet, so....?
It seems that somehow, as long as a State is deemed ‘Credit-Worthy’, which is something that the amount of debt that it’s in seems to have little bearing on, then financial institutions will lend it unlimited amounts of money, and only require it back in comparatively small instalments. And my reading of history shows that this has been the case from the eighteenth century, since modern banking was invented. It would take a much smarter guy than yours truly to figure out how it works, but work it appears to do.
Yep, that's a reasonable summary. As regards how it works, it doesn't look that complex to me. At all times there is a tiny, heavily-protected group of individuals who, after intensive training, are temporarily permitted to imagine money into existence, by well-established vested interests at the heart of the worlds "economies". These carefully chosen individuals are, of course, very well-rewarded for their spell in the money-printing hot-seat. I confess, however, I'm more interested by the who than the how. We can see that -on some level- the system works. But who exactly is it working for?
DeleteAs far as 'Who' is concerned, the career of the current head of the European Central Bank (and former head of the International Monetary Fund) Christine Lagarde makes fascinating reading.
Delete