Tuesday, September 18, 2012

Spoof Tory and the poor rich

Clearly the Standard has got funnier since it became a freesheet. Today it publishes an article by an obviously invented Tory MP with a silly name whose photo looks a lot like Alan B'Stard (http://www.standard.co.uk/comment/comment/we-cant-afford-to-drive-our-wealth-creators-abroad-8152311.html).



The clearly imaginary Mr "Raab" argues (with a straight - if unappealing - face) that we mustn't tax the rich too heavily as otherwise these "wealth creators" will flee abroad (to create wealth elsewhere rather than here).



Like crime in multi-storey car parks this argument is wrong on so many different levels. For a start, wealthy people don't create wealth - they consume it. Wealth (value) is created through labour (something pretty much unknown to most millionaires).



The illusion that the rich (or "entrepreneurs") create wealth is created by the fact that they have capital which can be invested in productive activity seemingly enabling this production (though the actual production is done by workers who in fact create such value as is created through their labour).



Furthermore, wherever wealthy capitalists may live, they invest their capital where it will secure them the best return with no regard for nation or geography, and they employ clever accountants to transfer their tax liabilities to whichever jurisdiction will minimise them.



Value (and therefore wealth) is the product of the labour of working people. We can't and won't in general move abroad out of dissatisfaction with this or that policy. We're stuck living here and stuck with PAYE. We need a movement which will speak for us as "Mr Raab" speaks for the rentier parasites who fund the political party he represents.



So, if the apologists for ignorant wealth make you angry, join UNISON (http://www.unison.org.uk/membership/) and join the march on 20 October.

Sent using BlackBerry® from Orange

No comments: