Does the state really create no wealth?
And how big should it be?
Why the Left is going nowhere
These thoughts are prompted by an article by George Monbiot in today’s Guardian.
Bank regulation is not enough
Calls for regulation of the banks are back on the agenda. It will not work. Regulation does not deal with the underlying problem: is the abuse of credit through its use for land purchase. The land is usually inside some kind of package which makes it difficult to understand that it is actually land: assets, homes, equities or other securities.
The fundamental purpose of credit is to finance the...
Carry on with the pills and ointment.
“What seems to be the trouble Mr Britain? I really thought we had got you back on your feet.”
“I was feeling a bit better last week with the Jubilee and that, but now it is over I am feeling pretty groggy again. The QE treatment just doesn’t seem to be working. I have no energy, I lack drive and I’m getting more and more into debt. My output has dropped through the...
Tax break for “granny flats”
Ministers are expected to abolish council tax for “annexes” to encourage pensioners to move in with relations. The Government will also consider overhauling planning rules to make it easier to adapt garages, etc. The Communities Secretary, Eric Pickles, said it was “fundamentally unfair” for households to be charged twice by paying council tax on their homes as well as the...
Happy Jubilee
The Campaign, of course, has no view on the Monarchy, so this is a personal one. Monarchy and land are, however, intimately connected so there is every justification for discussing the subject here.
Cornish Patsy tax row smoulders on
I am enjoying this row. It shows how idiotic the tax system has become.
How the US sold Africa to multinationals
The G8 scheme does nothing to address the problems that are at the core of hunger and malnutrition but will serve only to further poverty and inequality. Read more here.
A recent debate at the RSA on tax
Guess what was not discussed. Here Even the valiant knight of the anti-tax-avoidance campaign, Richard Murphy, breathed not one word about how the tax havens could be cut out of the loop altogether.. And he knows, too!
Taxpayers’ Alliance report
The Taxpayers’ Alliance describes itself as a grassroots organisation, which we somehow doubt. It is pushing the sort of views which we would expect from an outfit funded by a millionaire. We are looking at its recent 2020 Tax Commission report and will be producing a critique shortly. It builds its argument on a body of feeling that is widespread. Our first inclination is to agree with quite...