I've tried to write this article several times, but there is just so much that is wrong in the UK right now economically, that I just can't write it. I end up spearing off in different directions, trying to right the many wrongs in the UK economy. But a bit of advice for Rachael: increasing tax on workers is not the answer.
It's not just taxation that is wrong-headed. It's also regulation, legislation, government policy, foreign policy, the whole shebang.
The decades-long experiment supporting global corporations and the globalist elites has failed. It's failed on several levels, not least it has failed to improve the living standards of the population of the UK. It has failed to provide the stability and security that allows a country to thrive.
Instead global corporations have pitted us against the slums of Mumbai in the race for the cheapest labour source.
Global corporations cynically use our open borders to employ illegal immigrants on below minimum wage pay to provide services and maximise profit inside the UK.
This is not capitalism, the is corporatism, in hand with government. It's essentially the definition of Fascism.
The West is essentially a huge Fascist state. We tried to detach ourselves from it in 2016, but the Fascists in our own government keep trying to drag us back.
In Europe now, we are seeing laws that make it illegal to criticise politicians. People are being arrested for calling politicians fat. That's a whole other level of censorship and authoritarian control, above criticising the importation of murdering, rapist immigrants.
There needs to be a massive divorce from Europe. We were a bastion against Fascism in the 40s. We need to be a bastion against fascism again.
Instead of printing money that devalues the pound within our borders, we need to stop it. It only inflates the value of assets like houses, that are so inflated right now, no-one can afford them.
We need to stimulate small-medium size investment inside the UK. It won't happen if the Bank of England keep printing money and keep devaluing the pound inside our borders. It won't happen if Government policy makes starting up a business hideously expensive. It just won't happen.
We need to discourage foreign investment in areas that are detrimental to society, especially foreign investment in UK housing stock. We need to severely penalise corporate landlords that own non-commercial properties..
We need a government that works for the interests of the UK.
Foreign Aid? It should only be used if there is some strategic benefit in applying it. We should be selfish when spending it as other countries are. What do we get back for our money? If it's just a salved conscience, then it's a waste of money. We want; no, we should demand influence and power for our money. We shouldn't be investing billions for nothing more than virtue.
But really the economy needs a fundamental reset. We have lost the mega industry that employed thousands and that paid billions in corporation tax. The high street, the local retailers that served the community are a dying breed.
The current model, based on old-world economics, only allows the collection of that lost tax revenue from what is left after the collapse of large industrial companies. I.e. the middle and working class. Taxation has not developed to cope with the on-line world. Revenue raised by transactions with UK citizens should be subject to taxation within the UK. Companies already pay VAT. Maybe raise VAT for online transactions, raise VAT for imported luxury goods. Or maybe raise a new tax for online transactions with companies outside the UK.
That's the sticks. But what about carrots? Let's give tax breaks for companies that train UK citizens rather than import foreign labour. Let's scrap the IR35 tax rules, so the jump from PAYE to self-employed is easier.
Lets give tax breaks for start-ups. Lets reward those that take risks and/or invest in the future of the UK.
Let's start aspiring, and stop just existing.
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