You know who:
The world\’s press and financial markets have gone into spasm because some people with wealth are to be charged 10% of it for the privilege of having the balance protected by the state in Cyprus.
The bedroom tax will impose a charge of about £700 a year on more than 600,000 people in the UK who have no choice but pay as there is nowhere for them to move to, even if it was reasonable to do so. In many cases this will be 10% of income and in all cases well over 10% of disposable income.
The bedroom tax is considered fair by the financial markets even though it destroys the chance to live any form of sustainable life of dignity within a community. A levy on wealth is not considered fair, even though it protects those who have it.
Isn\’t that a lovely misreading? The world\’s press is actually entirely happy with the 10% confiscation above €100,000. In fact, most of it, myself included, is calling for that levy, that confiscation, to be higher.
It\’s the 6.75% on the balances under €100,000 which has us all up in arms. Because, you know, it\’s the Courageous State breaking it\’s word and acting contrary to the rule of law.
And the comparison with the bedroom \”tax\” is somewhat odd. A reduction in State Benefits paid to a certain section of the population is really not the same thing as a confiscation of some portion of the wealth of another section. The clue being in the \”reduction in benefits\” and \”confiscation\” bits.