This tweet has links to an article by me for Bylines:
The Bylines Network special feature article this month comes from @RichardJMurphy, who explains how the government has been looking for waste in the wrong place.
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— East Anglia Bylines (@BylinesEast) December 18, 2022
I was asked by Bylibnes to write about waste. I wrote about the biggest waste of all in the government sector, which is the tax that goes uncollected each year, with the greatest advantage to the wealthy and cheats. Government indifference to this is one of the biggest, unseen and unnoticed scandals of your time,m denying most people the opportunities they need, including paying less tax and so address inequality.
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I subscribe to Byline myself and can heartily recommend it.
Some may have missed the report by the Equality Trust that the number of billionaires in the UK rose from 147 in 2020 to 177 now. It said ” interventions by the government and banks during the pandemic allowed for an “explosion of billionaire wealth” after interest rates plummeted causing asset prices to rise.
“This sudden explosion in extreme wealth was in large part due to measures aimed at lessening the impact of Covid-19 on the economy, as central banks pumped trillions of dollars into financial markets, leading to a stock market boom which effectively lined the pockets of shareholders,” said Ms Wittams. ( not quite clear how this happens )
It went on “While Covid-19 saw billionaire wealth rise to levels never seen before, the construction of the economic infrastructure that has enabled this mass accumulation stretches back over the last four decades.”
They recommended taxing capital gains as we do income, scraping non-dom allowances and a wealth tax.
Your book ‘Money for Nothing and my tweets for free’
gives the answer. page 74 ‘much simply went into speculation. Stock Markets have sky rocketed.The city has won more than anyone else from QE. No one sought that.”
I don’t want to sign up for emails!
How do i get in to read it?
Thanks.
Sorry – that is the way….
“That is the way”
It feels like a long shot, but have you been watching The Mandalorian by any chance?
No….
Difficult reading it in that format. I prefer the way you unroll your tweets on this blog. However, if more people read what you write that way, then good luck. It’s not possible to share it, is it? I share lots of your blogs on Facebook.
Sorry, I have to respect those I wrote for, even when I do it for free as in this case
Yes, I realise that. I’ve followed Byline Times and North East Bylines for ages. I’ve never actually seen anything in that format before. Pleased that you put the link on here for us to see, but it’s not going to want me to pay for content. Can’t afford that and my energy bills, anyway.
Sorry
However, I have been sent a free copy of the Bylines Gazette 2022 Annual, and it contains your article on Freeports. That’s brilliant, too.
Thanks
https://eastangliabylines.co.uk/freeports-are-a-threat-to-democracy-in-the-hands-of-sunak-and-truss/