Freethinkeruk’s Weblog

UK Political weblog

Archive for the month “May, 2014”

UK Housing Prices & Inheritance

The Governor of The Bank of England has again warned of the risk to our faltering small recovery and of the need to build more houses or the increasing likely hood of raising interest rates to dampen down house price inflation. Also in the news is the widening gap between the rich and the relatively poor.

Political attention is likely to focus on the house price boom because for politicians this is the easy option but this is allied to increasing inequality of not just wealth but also inequality of opportunity. The main cause of inequality is inheritance and if this were tackled the housing inflation problem would largely solve itself. Many of the last generation bought homes at more or less sensible prices and have seen their value increase many times over the general inflation rates, an increase that is not earned. When they perhaps down size or die they can pass on to their children large sums which their offspring can use to buy their own homes; homes that without this unearned windfall they could not otherwise contemplate. This of course helps to both maintain and fan the fires of house inflation.

In addition to passing on their inflated homes, the wealthy also can afford to give their children the best start in life with all the advantages that money can bring and bequeath their accumulated funds that enable the offspring to acquire even more and so the cycle continues. Apart from a few exceptional individuals the poor will remain poor and indeed, become even more deprived as wealth becomes more concentrated in the hands of a small minority. The result of this imbalance is that the nation as a whole will lose out on ideas, businesses and social benefits due to the suppression of the less well off who cannot make or even recognise the best use of their talents or from lack of capital to advance their ideas.

What we need, but is at present anyway, unlikely to be done, is a strong inheritance tax which some may say is even punitive. If someone builds up huge wealth there is no reason that he/she should not enjoy a rich lifestyle for as long as they live but equally there is no reason why their children should continue to enjoy that lifestyle simply by being born into that family. Money raised from this taxation could then be used to improve the conditions of the many and provide start up funding for brilliant new ideas and enterprises.

There would be many arguments against a firm inheritance tax and it’s implementation would be difficult but not impossible. How it could be done is what we pay politicians for.

 

 

WARNING UK

WARNING! Never mind that over a million people are on zero hours contracts so don’t show up as unemployed or that thousands have their benefit suspended for spurious reasons and they too don’t show as unemployed. The official unemployment figures now show 6.8% so remember, the Governor of The Bank of England said ‘when unemployment falls below 7% he will consider raising interest rates.

You should know by now, I’ve told you often enough, that those who are really in control want you in debt, lots of debt, so watch out as your mortgages will soon rise and your credit charges go up.

Halal

I am absolutely furious, what the hell is happening in this country? Have we lost all moral fibre, are we content to be walked over by immigrants following a 7th Century practice?

Granted I don’t eat meat but that’s irrelevant, there is now NO supermarket where most of the meat you buy is not Halal. Laws we’ve had for generations to ensure humane killing of animals just swept aside to please some Jews and Muslims. They and even our Government will try to convince you Halal causes no suffering, THIS IS A COMPLETE LIE!

To avoid any misunderstanding I am not anti immigration, Jews or Muslims but if you are welcomed here then accept our ways. If you find that difficult then don’t eat meat, you wont starve and in fact will probably be healthier.

If you have the stomach for it watch the truth. If you do buy meat I suggest you at least make the effort to go to your local butcher and check the animal died in the old British humane way.

Knife Crime in UK

Knife Crime! Government and not just this one, are frequently banging on about knife crime, the latest being anyone caught for a second time carrying a knife will be imprisoned for six months, where of course they can learn to use them more effectively.

I have been to a France a few times and there they have shops that specialise in selling knives. The following is from global knife statistics: “France has seen no equivalent of the wave of fatal stabbings in Britain, and newspaper reports on the so-called “culture du poignard” (knife culture) reigning in London and other big cities are read with universal horror.”

It follows then that knives are not the problem so there must be some other underlying cause; would it not therefore be better to research this rather than banging up more people in crime academies?

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