"I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money."- Thomas Sowell, American economis.
A week after taking over from the clueless Conservative government, the first policy moves we saw from Keir Statmer's Labour administration were a move to restore planning targets, a policy the Conservatives abandoned in 2021, and the creation of a National Wealth Fund that has so little money it will make no difference to anything. By contrast, the last four finance minister to take office after a long spell in opposition made big, bold reforms in their first few days.
The blunt truth is that now, a hundred days into their tenure, and despite years of preparation, Prime MinisterKeir Starmer, Chancellor Rachel Reeves and the rest of the government clearly haven't a clue. its obvious they don't even understand what Britain's problems are let alone how to go about solving them.
When a party just been elected with a landslide majority, a new government has the opprtunity, during its honeymoon period, to seize the moment, and announce major changes in policy that will make a reshape the economy and bring about social change. We were told, perhaps slightly too often, that Starmer would deliver 'the change' Britain needed and Reeves would be an ambitious, hyperactive finance minister, assembling the most expert minds in the country to deliver growth, create new partnerships with industry and draw major global investors into a “stable” country, all driven by something called “securonomics”, whatever the heck that might mean.
When politicians resort to talking about delivering change without being specific on what change they intend to deliver, it is always a bad sign.
So how’s that delivering change thing going? Not so well apparently. A few days ahead of her first budget, Reeves' plans have been thrown into disarray. Having already had to water down plans to tax the wealthy, and increase Capital Gains Tax, only to find the rich people she hoped to fund 'change' from were leaving the country in droves while the 'eperts she had surrounded herself with had miscalculated the cost of state pensions increases by £100 million.
By the end of the week, we had the launch of the National Wealth Fund which, despite the presence of that financial titan Mark Carney, seemed to add up to £7bn of subsidised investments, a sum so tiny in relation to a £3 trillion economy as to make no difference to anything. And that was the entire package.
Like all socialist movements, Labour is utterly clueless when it comes to encouraging innovation and new business and both are vital to a healthy economy. Yet they bang on about the wealthy or even the super rich as some dastardly boil that must be lanced. Labour's political DNA is tax and spend. They will never acheive their idealistic goals with this mentality or by prioritising 'human rights' over economic efficiency. Compared with the two countries I referred to the UK isn´ t even in the race
It's not really a hatred of the rich. Billionaires, multi-millionaires, wealthy virtue signalling actors and business owners get a total free pass and actually get feted. It's people in the low to middle categories who want to better themselves and put in extra effort to make some progress who get slapped down by socialist politics of envy.
Enlightenment era philosopher Jean Jaques Rousseau said. "Man is born free, and everywhere he is in chains", In the late 17th C the enchained were the populace governed by tiny, unelected and self serving aristocracy - in France at least. Nowadays, it seems, people are "born free" but are STILL enchained - despite the enlightenment - this time by socialism [ a dogma often fulled by envy] and its dubious notions of, equality, diversity and inclusivity which together add up to the authoritarian goal of making everybody the same. Personal liberty and individual sovereignty have been eroded , community replaced by social division and equality is impoverishing all of us except the financial and political oligarchs who control a system which more closely resembled George Orwell's Big Brother regime than any socialist utopia dreamed of by the founders of the Labour and Trade Union movement.
Labour's equality laws are pernicious as are its tax polices to re distribute wealth & discourage work .
People haven never been born equal - they have different talents , motivations and skills and these differences need to be reflected in outcomes - although they do have obligations to their neighbours and equal opportunity fostered. When the early socialistds and lraders of the classical liberal movement talked of equality they meant equality of oportunity and equality before the law, not having equal outcomes forced on us by an all powerful, paternalistic state.
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