Those in fuel poverty will not gain much from any tax cut; the poorest never do.
What this country needs is a massive redistribution of wealth so that everyone has a chance to thrive within it. If the country is in trouble – and it is – it is because we systematically deny that opportunity to millions, as this data shows.
That is why the £146 billion that I now suggest that the Taxing Wealth Report might raise – or some part of it – must not be used to pay for the transition that our economy needs to sustainability or to provide better public services but to simply redistribute income and wealth in this country so that all have a chance of flourishing within it.
I will never understand those who might disagree. Why do they hate those without the means to meet basic needs so much?
Why not reduce the cost of energy by not having so many renewables?
To be fair to him, that would indeed be the effect of no longer spending the Taxing Wealth Report money on “the transition … to sustainability”.
“Why not reduce the cost of energy by not having so many renewables?”
Because that would mean admitting they’ve been lying to us for years…
“I will never understand those who might disagree. Why do they hate those without the means to meet basic needs so much?”
Is this really a grown man stating this?
What this country needs is a massive redistribution of wealth so that everyone has a chance to thrive within it. If the country is in trouble – and it is – it is because we systematically deny that opportunity to millions, as this data shows.
Who is everyone in this bizarre formulation? The millions who have come in illegally and are now sitting pretty in temporary accommodation? Those already receiving a huge subsidy sat in Social housing? Who is this ‘everyone’?
Also has he given any thought to why there are so many in trouble? Has he forgotten through his advocacy of the following:
– COVID lockdowns and other associated measures
– MMT
– Net Zero
– Unlimited immigration
He bears direct responsibility for the current crisis?
That is why the £146 billion that I now suggest that the Taxing Wealth Report might raise – or some part of it – must not be used to pay for the transition that our economy needs to sustainability or to provide better public services but to simply redistribute income and wealth in this country so that all have a chance of flourishing within it.
Leaving aside the fact it won’t raise anywhere near that, – is he simply saying that this wealth is simply transferred from those he perceives as ‘wealthy’ to those he perceives as ‘poor’ – how much theft can he countenance? He already wants to steal ISAs and pensions as well as much Corporate Wealth, in addition to advocating unlimited money creation? Does he have a clue about even basic economics or accounting?
I will never understand those who might disagree. Why do they hate those without the means to meet basic needs so much?
I will never understand those who advocate providing funding to people heedless of conduct or desert – it’s overt encouragement of psychopathic behaviour, and usually it’s advocated by people who aren’t on the hook for it – and are usually in receipt of pensions (potentially) which cannot be obtained in the Private Sector. Why do they hate hard working people who conduct themselves in a law abiding fashion and try and ensure they aren’t a burden on the state so much?
“I will never understand those who might disagree.”
“That is why the £146 billion that I now suggest that the Taxing Wealth Report might raise”
“The Taxing Wealth Report 2024 has been written by Prof Richard Murphy on behalf of Finance for the Future LLP and Sheffield University Management School…”.
I will always disagree with any proposal, whatever I think of it, that is authored by one man and relates to the proposed redistribution of £146bn. In fact, that is probably also true for £146,000.
tl;dr: ” I am good; very good. Anyone who disagrees with me is bad; very bad.”
“… the transition that our economy needs to sustainability …”
There’s no such thing, at least while retaining a functional economy. It simply can’t be done to meet the grandstanding targets the muppets have signed up to. The true cost of Nut Zero is trillions. Even if he wasn’t lying about how much he can steal from people it’s a drop in the bucket.
Well, Sabalto, yes, one with the attitude of any other thief. I’m sure he has something that I don’t, so maybe I should seek to ‘redistribute’ it.
He can’t object, surely?
How many times has this moron spent the totally speculative wealth tax on whatever mad cap idea he has on any particular day. He seems to have spent it more times than he’s had covid. As he’s boasted that he’s had long covid at least once (no doubt an underestimate) I note that one of the symptoms is problems with your memory and concentration (‘brain fog’). On that basis he’s probably the first person in the world to actually suffer from long covid, probably going back to the 1980s.
I don’t believe he’s ever grasped that incentives matter. If the steals wealth too much it incentives not saving in pensions, ISA’s or investing in anything. Instead it incentivises people to blow their money (thus creating inflation) and expect handouts. It’s just another take on the Laffer curve: what’s the point in working and accumulating wealth if the state is going to steal it all.
“The Taxing Wealth Report 2024 has been written by Prof Richard Murphy on behalf of Finance for the Future LLP and Sheffield University Management School. It largely consists of the cutting and pasting of things Prof Murphy has written before and was written in order to blag a grant from a gullible charitable trust”.
It’s all a question of perverse incentives. We want to get rid of the problem of poverty, yet we give money to the poor and equally perversely punish the rich by taxation. So we get the results we see. Just for grins we import some more poor people, so evidently somebody thinks we just don’t have enough.
Most countries treat the problem of poverty the same way, and it NEVER works. Time to try something different.
Most POLITICIANS treat the problem of poverty the same way, usually by robbing Peter to pay Paul.
The sooner that we can disabuse the ruling classes that our tax money is not theirs to piss up the wall on whatever the cause du jour, the better.
@ BlokeInBrum
The hard bit about creating a policy of robbing Peter to pay Paul is to trick Peters into believing they are Pauls. The next hard bit is stopping the rush of Peters making themselves Paul’s. The really hard bit is what you do after everyone has become a Paul.
I think Murphy’s birthday is quite soon.
Anyone know if Dignitas do gift vouchers that could be sent as a present?
Moquifen @ 12.19, long Covid or long vaccine? The problem is caused ( allegedly) by the spike protein and can affect people who have never had Covid. But have had the jab.
Evidence seems to suggest that long Covid is only contracted by public & third sector workers, professionals & those in clerical & administrative work. Thus the most effective vaccine against it is getting a proper job.
He’s trying to argue with ‘Claire Brand’ that reducing (higher) tax relief on pensions doesn’t adversely impact private sector workers compared to public sector even though he’s also proposing that public sector worker’s contributions (and benefits) are unaffected through an increase taxpayer subsidy!
Apparently the employer should just make up the difference 🙂
Not many Western politicians seem to understand how China was transformed in about thirty years from massive poverty to wealth by following the words of Deng Xiaoping………..”To get rich is glorious.”
Sermon on the Mount: When the poor inherit the earth, it’ll take seven days for them to fritter it away and the rich to get it back again.
@Michael
Exactly. 99%+ of people start out poor. Yes, there are those for whom Daddy bought a flat in Mayfair for their 18th birthday, but they are the tip of the tip. For everyone else you start out with basically nothing. The big difference is what you do about it.
If you’re poor and over 30, it really is time to assess what _your_ problem is and not whinge that the taxpayer is being insufficiently flogged to subsidise your “lifestyle”.
Oh, and it’s the meek who will inherit the earth. The poor in spirit get the kingdom of heaven. The poor in cash aren’t blessèd with anything…