If you can access X or Twitter, as most of us still think of it, then this is worth watching.
Green Party peer Jenny Jones takes apart this government's track record and useless recent budget in a quietly passionate speech that contrasts with the normal hyperbole that we have to endure.
I don't quite agree with her on wealth taxes, as should be known by now. I would instead tax income from wealth and gains more. But this is a point of detail. It is being said that other options are available. And that is vital.
Jenny Jones from the Green Party knocking the top off the rice pudding here. Whatever your political views are she just nailed the state of this country and what's wrong with it in 5 minutes. pic.twitter.com/vY77RTbx5Y
— • ᴅᴀᴠɪᴅ ᴇʟʟɪs • (@fullback03) March 20, 2024
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I have been following your blog for about a year now and find your taxing wealth report enlightening. I understand how taxing income from wealth can generate funds to invest in public services and a Green economy which can address the needs of the people, particularly the poor.
Wealth inequality has been increasing steadily as has been well documented on this blog. I am interested in your thoughts of how or whether it is necessary for wealth distribution to be made more equal. If we tax unearned income from assets at 40 to 45% generating much needed funds to meet our needs that still means the wealth of the super rich and big corporations is continuing to grow and the wealth divide continues to increase. As noted in this blog there are limits to continual growth in a finite world and some sort on circular economy is required to be sustainable. How will this affect the current inequality of wealth?
Might you look at these recommendations?
https://taxingwealth.uk/2023/09/13/the-taxing-wealth-report-2024-recommendations-to-date-and-their-suggested-value/
And this summary https://taxingwealth.uk/2024/03/20/the-introduction-to-the-taxing-wealth-report-2024/
And this note. https://taxingwealth.uk/2024/01/27/the-political-economy-of-money-and-tax/
Thanks
Good for the Greens, saying what needs to be said about the failure of privatisation (except for the management and shareholders who take the rewards for providing a vital public service very badly), the wasted opportunity of North Sea Oil, the appalling inequality we now have, the corruption in awarding public sector contracts brought in by the tories, the need for wealth to be more taxed, and so on.
And for pointing out that labour sings from the same hymn sheet as the tories.
Jenny Jones was wonderful. What needs to be said, but isn’t being said. A good example of how The Lords can truly make a difference. The Lords does need reform, but if the members were all elected, would people of the calibre of Jenny Jones stand? If she did would she stand much chance of being elected?
Probably no to both
OK, I’ll try this again…………
Last week when this post came out, on my email inbox came invoices that I have to pay for my own service area but other areas of the public sector operation I work for.
I saw invoices being paid for employers pension contributions to the Council than runs the pension fund; contributions to the two unions recognised by my employer; bills for utilities such as water and electricity and invoices for private suppliers of goods and services.
If the penny does not drop about ‘other options’ amongst our self serving party politicians who are busy meeting the requirements of their wealthy funders, then it strikes me that all the invoices I saw that morning will no longer be able to be paid.
Which means:-
No pensions.
No services.
No contracts with the private sector.
No union or workplace representation.
No jobs.
We can kiss all of this good bye.
Can anyone explain to me how that benefits anyone?