Posts Tagged ‘‘Take the Rich Off Welfare’’

Yay! Denmark Rules Tax-Haven Companies Ineligible for their State Aid

April 20, 2020

Bravo to our friends across the North Sea! Mike posted a piece last night reporting that the Danish government had passed legislation preventing companies registered in tax havens, or which issued dividends or bought back shares from receiving the state assistance given to companies struggling under the Coronavirus lockdown.

This is great, because it shows the Danes are determined to make sure the money goes where it’s needed – to businesses and people who are really in trouble, and who actually pay their fair share of tax. It isn’t going to be used as a scam to make their already obscenely rich even richer.

However, as the peeps Mike quotes on Twitter point out, there is absolutely no possibility of Britain following suit. Why? Easy! The Tories only listen to their donors, and their donors are extremely rich people with their money squirreled away in tax havens. It’s also been suggested that the party is actually only being kept afloat financially by American hedge fund managers resident in London.

This is quite apart from the fact that the Tories are like the American Republicans, absolutely committed to corporatism. This is the domination of government by private, big business interests. It’s the military-industrial complex Truman warned Americans against. It’s been described as ‘socialism for the rich’. In this form of capitalism, state aid in the form of tax relief and subsidies is given to the rich, while welfare spending for the poor is reduced or abolished. It’s been attacked in America by the book Take the Rich Off Welfare, published by Feral House. But any move actually to do this is immediately attacked as an evil leftie plot to penalise success. It’s thus died in with Republican and Tory Social Darwinism which sees the rich as biologically superior, who deserve their wealth and privilege, and the poor as biologically inferior and so undeserving of state aid.

The Danes have shown that they’re willing and able to challenge the corporatism dominating Britain and the US. It’s too bad for us that our elites won’t follow. But perhaps that might change if the rest of Europe follows their example.

See: https://voxpoliticalonline.com/2020/04/19/coronavirus-this-tax-haven-exclusion-is-just-one-way-the-uk-is-missing-the-chance-to-change/

Meme on the Amount of Personal Tax Spent on Welfare and Subsidies for the Rich and Corporations in America

February 10, 2016

This is another meme I found over at the Tumblr site, 1000 Natural Shocks (over 18s only). It breaks down just how much the tax paid by an American citizens making $50,000 a year is spent on welfare and subsidies for the rich and the big corporations.

As you can see, the amount spent on welfare is trivial. Far more is spent subsidizing the corporate rich. And the biggest amount is the tax burden caused by the rich using tax loopholes not to pay their fair share of the tax burden.

American Tax Welfare Corporate

Mike and the Angry Yorkshireman have also put up memes on their sites, Vox Political and Another Angry Voice, also showing how the tax burden over here has been shifted onto the poor as successive Tory administrations since Thatcher have cut taxes for the rich. And under David Cameron, the tax burden on the poor for the benefit of the rich has increased massively, while welfare has been cut right, left and centre.

There’s been a whole book written about this subject: Take the Rich Off Welfare. And what adds insult to injury is that these are the same people, who stand up and declare themselves superior to everyone else, because they’ve made it by their own efforts in the free market. They haven’t. They’re just scroungers and hypocrites, taking money from those who really need money and welfare support. It’s time for them and their paid servants in politics, to be kicked off state support for good.

The Relative Sizes of the American Welfare Budget Compared to State Support of the Corporate Rich

October 2, 2015

One of the American radical, underground presses published a book back in the ’90s called Take the Rich off Welfare. The book’s argument was that if America had any spending problems, it wasn’t due to welfare payments to the poor, but to the rich, who obviously don’t need them. As you can see, the American corporate rich get trillions through government subsidies, tax cuts and so on. The rich, however, in their turn spend millions, if not billions annual subsidizing politicians and promoting the message that government spending on the poor is somehow a threat to the economy. It isn’t, but is only a threat to their power to treat the poor and lower middle class with complete contempt, and exploit them.

I found this diagram of the relative sizes of the American welfare budget, and the largesse doled out to the rich and their corporations, like Donald Trump.

Corporate Welfare versus People's Welfare

As you can see, that’s a massive difference. It’s even bigger if you take into account that most Western welfare expenditure goes on pensions. The actual amount spent on the poor, on unemployment payments, becomes trivial.

This is America Reagan helped to create, and the Britain Maggie and her followers, including Bliar and Cameron, are creating.

There’s an old quote, ‘A Conservative is someone who believes in a fairer deal for the rich’. That’s exactly true: of Reagan, of Maggie, of Blair, and particularly Cameron, IDS and their party of corporate jackals. And it means poverty for everyone else.