petej + taxation   106

Lorna Finlayson · Corbyn Now · LRB 27 September 2018
If the path Corbyn has started to follow is again closed off, there are two foreseeable consequences. The first is that anger and disaffection will find another outlet. While frequent reference to a racist and right-wing public opinion has been a convenient device for the protection of the status quo, there is no virtue in maintaining an opposite fiction of the British people as saints and socialists. The appetite for Corbyn’s vision of a more compassionate and co-operative society coexists with a counter-tendency that has been well nurtured in recent years: the tendency towards suspicion of strangers and neighbours, the scapegoating of the vulnerable, resentment and a desire to dominate others. This tendency was on full display during the Brexit referendum campaign, and was given a formidable boost by the result. (There is no need to choose between the interpretation of Brexit as a protest against a neoliberal political establishment or as expressive of an ill-informed, racist bigotry: it is both.) Islamophobic sentiment and related attacks are on the increase, legitimised by a media which has for years been normalising far-right rhetoric. British liberals like to believe that Americans are a different species but they didn’t think that even the Americans would elect Trump. Boris Johnson – limbering up with carefully pitched comments about women in burqas and suicide vests – is a threat not to be underestimated. And there are fates worse than Boris.

The other foreseeable consequence of the defeat of Corbynism is that what remains of the achievements of an earlier Labour Party will be undone. The combination of the economic consequences of Brexit and another few years at the mercy of the Tories or Labour ‘moderates’ will spell certain death for the NHS (even without Brexit, the health service would be doomed to an only slightly slower demise). In this context, the attacks on Corbyn’s leadership are attacks on all those whose lives depend quite literally on a break with politics as we currently know it.
UK  politics  LabourParty  CorbynJeremy  Corbynism  LRB  capitalism  Bennism  redistribution  welfareState  taxation  tuitionFees  education  reform  Blairism  centrism  anti-Semitism  IHRA  Israel  Brexit  farRight  dctagged  dc:creator=FinlaysonLaura 
september 2018 by petej
Losing Earth: The Decade We Almost Stopped Climate Change - The New York Times
These theories share a common principle: that human beings, whether in global organizations, democracies, industries, political parties or as individuals, are incapable of sacrificing present convenience to forestall a penalty imposed on future generations.
climateChange  globalWarming  politics  environment  1980s  carbonEmissions  consensus  fossilFuels  coal  gas  USA  science  PomeranceRafe  ReaganRonald  GoreAl  NASA  EPA  economics  renewables  taxation  regulation  fear  NYT  history 
august 2018 by petej
Sale of the century: the privatisation scam | Politics | The Guardian
"By moving from a system where public services are supported by progressive general taxation to a system where they are supported exclusively by the flat fees people pay to use them, they move from a system where the rich are obliged to help the poor to a system where the less well-off enable services that the rich get for what is, to them, a trifling sum. The commodity that makes water and power cables and airports valuable to an investor, foreign or otherwise, is the people who have no choice but to use them. We have no choice but to pay the price the toll-keepers charge. We are a human revenue stream; we are being made tenants in our own land, defined by the string of private fees we pay to exist here."
UK  economics  politics  Thatcherism  privatisation  marketism  ownership  utilities  energy  water  electricity  gas  taxation  housing  transport  Hayek  socialism  shares 
august 2014 by petej
Oligarchy and Democracy in America | Jeffrey Winters
"The question is not whether America is a democracy or an oligarchy. It has always been both. What changes over time is the relative influence of participation versus wealth power. And in recent decades, policy changes have given wealth power the upper hand.

Americans tolerate enormous differences in wealth. But they also believe in one person, one vote. The easy conversion of wealth power into political power corrupts this fundamental principle."
USA  politics  economics  wealth  power  inequality  exclusion  oligarchy  democracy  participation  property  taxation  class 
august 2014 by petej
Thomas Piketty's real challenge was to the FT's Rolex types | Comment is free | The Guardian
"n the end, Piketty did not claim there had been a vast increase in wealth disparities since the 1970s. Piketty's prediction is that the moderate rise in inequality under neoliberalism is set to gather pace in the 21st century, taking us back to Victorian levels by 2050. His prediction is based on simple maths: if growth is low, and the bargaining power of labour low, and the returns on capital high, then it is more logical to sit on assets and speculate rather than accumulate wealth by work, invention or entrepreneurial risk. Piketty asks the question that mainstream economics doesn't want to answer: do we want a society based on work and ingenuity or on rent? It's not an academic question. Figures from Lloyds Private Bank show UK asset wealth grew from £4.7tn to £7.8tn in the decade to 2013, with most of that generated by the rising value of financial portfolios, and all wealth growing faster than incomes and inflation. If Piketty's figures are wrong, the probable cause – beyond the odd transcription error – is a mild overestimation of a clear trend, generated in an attempt to uncover modern capitalism's guilty secret. If the FT's figures are wrong, it is because they rely on those of governments that have become – as Peter Mandelson once put it – "intensely relaxed about people becoming filthy rich". But the most important question is the future: if Piketty is right then we have to "euthanase" the rentier class all over again. Only taxes on current wealth – and an end to opaque "wealth management" trails that end up in Switzerland or Cyprus – will prevent capitalism generating levels of social inequality that destroy it."
PikettyThomas  FinancialTimes  economics  inequality  capitalism  data  wealth  poverty  rentiers  tax  taxAvoidance  taxation  dctagged  dc:creator=MasonPaul  rent  rentism 
may 2014 by petej
The illogical pricing of property
"But we don't have to do this. We can restore housing to its real purpose, which is to be homes for people to live in. We can build or renovate enough properties to ensure that supply matches demand, so that house prices are not constantly driven upwards by supply shortages. We can tax away unearned profits on unimproved land, and we can tax away profits from speculative investment in property. We can allow government debt to become the preferred savings vehicle for ordinary people, issuing as much of it as people want to buy and using the proceeds to upgrade our national infrastructure and support domestic enterprise. And we can stop draining our economy to support a bloated property market."
property  housing  economics  savings  investment  speculation  subsidies  stimulus  UK  taxation  dctagged  dc:creator=CoppolaFrances  prices 
october 2013 by petej
Nice one, Trevor Downing - honestlyreal
"Ah, Mr Sensible. Mr Selfish Shithead Sodding Sensible. You didn’t need that NHS ambulance when you tripped on your cliff-top walk with the Crown Green Bowlers, now did you? Nah, that stuff happens to other people, doesn’t it? You don’t need streetlights. Not where you live. Nor state education, nor environmental health protection (Mr S eats in nice places). Mental health services (are you crazy)? Income support? Disability benefit? Winter fuel? No. NO. NO!

That’s all for other people, isn’t it? Trevor’ll help you keep it that way, too.

You just carry on clinging on to your selfish, misanthropic, lazy sack of comforting lies: the state’s a thief, “public”=”wasted”, the less you contribute the more you win, and anyone less fortunate than you can just crawl away and die."
tax  taxation  taxAvoidance  marketing 
march 2012 by petej
A Robin Hood tax could turn the banks from villains to heroes | Bill Nighy | Comment is free | The Guardian
"If Cameron wants to show that we really are all in this together, he needs to tell the City it is time they paid their fair share, and extend Europe's plans to tax derivatives and bonds as well as shares. Bankers' bonuses replaced by billions to help the poor. Now that really would be a happy ending of which any film-maker could be proud."
EU  banks  tax  taxation  RobinHoodTax  UK  CameronDavid  recession  economics  crisis 
september 2011 by petej
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