15 Mar 2016

Budget 2016: But could we run the economy differently..?

The thrust of state economic and social policy is increasingly pro-rich and anti-poor.

The printing of money and low interest rates have increased the (unearned and mostly untaxed) wealth holdings of the affluent; the housing dice is being loaded further against tenants and in favour of owners; the net effect of the post-2010 tax and benefit changes has been to transfer income from the poorest quarter to the top 40 per cent.

The role of government has moved from playing Robin Hood to Robin Hood in Reverse, taking us towards a society ever more divided between extreme affluence and poverty....read more on the blog