is where I get to express and hopefully justify why I am a Green.
This isn't necessarily Green policy, it is just my simple take on the
world of economics. It is a rant and therefore quite negative but
unfortunately there are significant minority of very greedy people who
have stitched up the system to ensure they win ...
Shares / market exploitation
selling is nothing short of gambling with a stacked hand. Those "in the
know" sell now at X before a dip, then buy back shortly afterwards at
X-1. The time period between the transactions is short, often the
selling takes place before the buying!
Futures are gambling on the future price of commodities, agree to buy
now at price X in the hope that it can be sold at X+1. The process has
a significant effect on reducing stability by yo-yoing prices or
keeping them artificially high. It is again open to exploitation by the
biggest players. If a major player can buy enough of a commodity then
the price will rise due to shortages, the increased price is passed on
to the innocent end user while the trader keeps the excess.
All of these and many other financial market tricks are highly
destructive on genuine business. We want to encourage proper long term
investment in wealth creating industries ...
creation of wealth involves doing work. This might be growing a crop
(farming), processing some material in order to make a product
(industry). We have positive wealth facilitators too, such as
education, training and health. The health service keeps us available
to do work and from an economic view be useful.
A bank might be seen as a wealth facilitator, but not the way they are
working today. In fact they are wealth destroyers, as they move money
around they cream-off a percentage.
Results in inflation - no ifs or buts.
Money is a representation of the value of work. Quantitative easing is
the creation of money out of thin air without doing any work. Since
money represents wealth, if there is more money for the same amount of
wealth each unit of money is worth less and that is inflation.
August 2010 ... the Bank-of-England Monetary Policy Committee is
reportedly "surprised" that inflation is remaining so high
RPI inflation has been at ~5% for some time, whereas bank base rate has
been at 0.5% for 18-months and pay is frozen for public sector workers.
This means those with modest savings are dramatically loosing value
(circa 4% per year), those at the lower pay levels are being
disproportionately effected by the difference between RPI and pay
As is usually the case those with larger cash savings can invest in other areas like rental property and make bigger returns.
historically unfair with the richest able to avoid paying, this is
especially true of multi-national companies who exploit tax havens to
usurp their social responsibilities. An analysis of who pays what
corporation tax shows how easy it is for big companies to gain an
advantage and compete unfairly with local smaller companies who don't
use tax avoidance techniques. If you want to do some digging check
Google and Amazon.
principle a tax on consumption is good and to a limited extent VAT
fulfills this role. However, there are some major shortcomings:
VAT disproportionately affects those with low income, to overcome this
we need a ensure that essentials are removed from the tax, or that the
flattening the disposable income spread making the difference between
rich and poor smaller.
As the name suggests business only pays VAT on the "added value" which
means there is a complicated system of assessing this difference.
Complicated systems are open to fraud and VAT fraud is a very big loss.
Also the overall cost of administrating the scheme is high, but a lot
of the work falls to companies rather then the government (HMRC).
pays? Investment now ... big profits for 25 years, decommissioning will
be handled by a separate company which will eventually run out of
money, we then pick up the pieces. There is no way a business can be
kept going for the tens of thousands of years needed to monitor the
high-level waste, even if annual cost is low there is no income stream
without government support. The long term liability is extreme and
impossible for a business to support.
Would the business get any investors if the rules were changed to make investors fully liable for ever?
Q:Which is cheapest overall? A:Gas
Q:Which is cheapest renewable? A:Wind - and a lot cheaper than nuclear