Polls open 07.00 tomorrow, 7th June 2015.
As a nation, we will decide who governs the UK, from 22.00 tomorrow night.
After the celebrations, effectively from June 8th.
Before you vote think on this.
The Sunday Times Rich List 2015, published just a few weeks ago shows that Britain’s 1,000 richest people increased their wealth by £155bn in the last 3 years
This would have been enough to pay off the entire the entire UK budget deficit with £30bn to spare.
So why do we hear so much twaddle about the paramount need to focus on eliminating the UK budget deficit because if discount the tax burden on ordinary people (the 57 million others) the only way to do it is by cutting the living standards of the ordinary folk?
And why, as most people suffer, do the government give tax hand-outs to these super rich, many of whom are bankers and hedge fund and private equity operators who caused the financial crash in the first place, and really should pay back their immoral gains?
But no, we are encouraged to look at the super rich as role models, and are taught that without these wealth creators, who create jobs, we wouldn’t be so well off.
Good gracious me.
Unfortunately when you look at the stats they don’t support this rhetoric.
Our economy is currently growing at 0.3%.
In other words, it’s just about stagnant.
So to give the super-rich backhanders doesn’t guarantee the growth of our economy.
Like everyone else they wear the badge WIFM (What’s In It For Me) and so the financial incentives to grow the economy result in stagnation, because these super rich decided it’s far better for them if they stuffed their kick-backs in their back pocket.
But it’s a very big back pocket!
It’s size is estimated at more than £414bn, equivalent to more than a third of Britain’s entire GDP.
Meanwhile The Sunday Times Rich List 2015 includes 77 billionaires and 23 others whose wealth exceeds £750m.
So why, despite a Tory gift of £3bn in this year’s budget did he not raise the 50p tax rate?
It alone gave 40,000 UK millionaires an extra £14,000 a week.
I ask you!
An extra £14k every 7 days.
To fund this many of those on very low incomes were deprived in the same budget of £77 a week, around a third of their income, as tax credits were withdrawn.
In summary the wealth of the richest 1,000 in 1997 amounted to £99bn.
The increase in their wealth over the last 15 years has therefore been £315bn.
If this increase in wealth had been subject to capital gains tax at the current 28% rate, it would yield £88bn, and that alone would pay off more than 70% of the total budget deficit.
Osborne seems to share view of a New Yorker, Leonora Helmsley that “taxes are only for the little people”.
Perhaps an honesty box for the rich would be better?
Or put another way if this wealth was used for the common good it would grow our spending on the NHS this year by half as much again!
Tomorrow we vote.
Meanwhile previous Tory PM John Major says: “We need to acknowledge the fact we have a pretty substantial underclass and there are parts of our country where we have people who have not worked for two generations and whose children do not expect to work.
“How can it be that in a nation that is the fifth richest nation in the world, that in the United Kingdom we have four of the poorest areas in Europe?
Sir John also admits that the “quality of education” in Britain is not good enough.
He said that “The quality of education in our cities is measurable and we cannot be proud of where we are in the education tables of quality education around the world,” .
A 2013 study by the Organisation for Economic Co-operation and Development (OECD) found British schoolchildren were lagging behind those in the Far East.
The UK was ranked just 26th for maths, 23rd for reading and 21st for science when tests were sat in 2012.
By contrast Singapore, Hong Kong, South Korea and Japan were among the top 10 countries in every academic discipline.
The former PM was asked to say what Britain would be like in 10 years’ time. In a lengthy answer, he raised concerns about the Tory plans to keep increasing the retirement age.
“Those of us who are white collar workers no doubt can work for a quite a long period of time, beyond 65 or even 70.
“But suppose you are blue collar, or a brick layer, or a labourer, or a dockworker or miner.
“You can only do that job for those extended periods because the sheer physical effort would be impossible for them. And there are complexities like that I think we have to look at,”
And he criticised his own party for failing to reach out to the black and minority ethnic community.
“We have to look, particularly at our relationship with the ethnic minorities. It is not remotely goodish.
“We have to understand that and we have to act about that. And I think we have to confront what has gone wrong in the past,” he said.
Sir John’s comments contradict Mr Cameron’s recent claim the Tory-led government had made “good progress” on education.
“What we have done as a country is we’ve improved our education system,” the PM said last month.
No David, you haven’t.