Saturday, 5 September 2020

Tax Money.

       Covid19 might be a stressful period for most ordinary people, but to the government and large companies it’s an opportunity to shift taxpayers money into the corporate coffers. March this year our financial wizard, Chancellor Rishi Sunak, came up with, Covid Corporate Financial Facility, CCFF for short, a scheme to help what he considered large companies that were important to the UK economy, small companies were not included, just the big rich mob. This handout was given with minimum conditions. 
 
       While receiving billions from the taxpayers, through the CCFF scheme, these rich companies saw fit to pay out approximately £11.5 billion to shareholders and investors, and in gratitude for this taxpayers handout, they paid off thousands of employees. It is reckoned that of 26 companies involved in this CCFF taxpayers gift to big rich companies, have paid of approximately 43,000 workers.
       While this money plundering was going on the NHS was desperately crying out for PPE, struggling with staff shortages and lack of equipment. Care home residents and the staff were being denied testing facilities and left to suffer and die. This is capitalism, the economy is sacred, the corporate is valued above the well-being of the people. Every penny of the billions spent by the government in handouts to big business will have to be paid back to the financial mafia by you and I, the taxpayer. We will pay for it with unemployment, severe cuts to social services and the selling of public assets.
 
         No doubt, bumbling Boris and his rich coterie will be shouting about investing in massive infrastructure projects, to get the economy growing, what this translates as, is handing more billions of taxpayers money to large corporate very rich companies to build a host of showpiece entities that will be of little or no use to the ordinary people. HS2 springs to mind. 
 
      Surely if people look at how the system works they must draw the conclusion that this has to stop, this insane economic system of greed that feeds a small clique of parasites to the detriment of the many, has to be destroyed.
Visit ann arky's home at https://radicalglasgow.me.uk 

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