Tuesday, 24 December 2013

Money needs to be rationed

Zoe Williams`s reminder of the advantages of food rationing, and how one of the reasons for it during the Second World War was to prevent people hoarding, was timely, especially as she admits that the scarcity today is "not of food but of money". (Why rationing could hold the key to today`s food crisis,24/12/13) As this scarcity has "been wilfully created by the government", it can be easily remedied by the same institution, although sadly not by its present incumbents, and the solution is hardly rocket science. Instead of having a tax system which leads to wealth being hoarded, often squirrelled away in tax havens, a progressive tax structure, coupled with stringent laws banning tax evasion, would see the re-appearance of this money, its return to the Treasury, and its expenditure on the people and services which need it the most.
     This is the sort of rationing a Labour party in opposition should be promising, limiting the amount of money and profits individuals and companies can make, to ensure there is sufficient for all; if it means the income tax rates have to rise to 70% or 80% for the richest, or taxes on bonuses to 90% or more, so be it. How many voters really think those earning over £200,000 a year are paying their fair share? If Labour politicians became MPs so that they could continue needless Tory policies of enforcing poverty, they need to join up with the Lib Dems. They certainly found doing it easy enough!

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