He's back in the news, and for all the usual reasons, spiv, tax evader, assets stripper, Philip Green, luxury yacht owner. Remember how he sucked BHS dry by huge share bonuses, paid no tax because the company was registered in his wife's name and she lives in Monaco, then left it to die with a massive multi-million pound hole in its pension fund. Well it looks like lightening does strike twice in the same place, Arcadia, another of his wives little assets that they sucked dry and now it dies, again leaving a £350 million hole in its pension fund.
This arrogant privileged pampered duo are said to be worth £930 million, their nice little nest-egg was somewhat enhanced in 2005 when Sir Philip Green paid his wife a nice little dividend payment of £1.2 billion from Arcadia. Of course no tax paid as she lives in Monaco. He doesn't invest, he asset strips, piling the ill-gotten wealth into his dear wife's account, tax free of course.
So while Sir Philip mucks about in his wee boat in Monaco, no doubt preparing for a wee holiday in the Caribbean, after the stress of milking Arcadia dry, because of his actions, thousands of ordinary people are preparing to face the dole.
We tolerate this, it is not an isolated case of wealth plundering by those arrogant wealthy parasites, it is part and parcel of this system of exploitation and greed. The world is awash with untold wealth slushing around in a labyrinth of tax havens, while millions go hungry, exist homeless and struggle to feed their kids. The question is why do we tolerate this? Every pound in their little secret boxes, was produced by you and I, we create the wealth, they plunder and stash it away for their own greed driven personal gratification. We must be insane to tolerate this continuing two fingers at us, the wealth creators, by a clique of arrogant parasites, who are laughing all the way to Monaco, the Caribbean etc..
