As we all look forward to socialism with an iPad let us just have a look at the information that John McDonnell is using to plan it.
At present companies are sitting on a £400bn cash pile. So we will also look to change the corporate tax system and work constructively with companies to give them incentives to invest wisely.
That’s in a piece published in 19 November 2015. Note the use of “at present”.
The figure comes from here. That’s his own link to it. and that is information as at 30 November 2010.
Socialism with an iPad is going to try to plan the future on the basis of five year old information.
Aren’t we the lucky ones?
It’s also European companies, not UK, and of course McDonnell has no power at all over those that aren’t here but that’s another matter.