Owen Jones once commented,
"socialism is for the rich and capitalism is for everyone else"
When the big banks collapsed back in 2008 they became the biggest benefit recipient that Britain’s ever seen. It was us, the state that bailed them out.
Whilst the working man can apply for tax credits, its the wealthy bosses who are being subsidised for paying their workers low wages. That puts state benefit directly into the pocket of the profiteer and we, the tax payer pay for that.
It’s the same with landlords. Landlords can rocket their rentals on **** holes because the government will subsidise their tenants. Instead of building more social housing with fare rents, the government are happy to subsidise the landlords income. Its the working man in the street who pays for those over inflated rents with our taxes.
Our privatized public sector is probably the worst. A public sector that is state funded and practices the same socialist models whilst streaming government funds for profit. Whilst I’m happy to pay my taxes for a service I don’t get to use, I'm not happy that my taxes go into the pockets of those profiteers. I'm not happy that the top 1% of earners in this country have been allowed to cherry pick what part of the social system they wanted to own and that the majority of these corporate giants get away with paying little or no corporation tax.
The privatization of the Royal Mail
http://www.theguardian.com/uk-news/2...stimates-value ensured that the state kept the pension liabilities – nationalizing the debt, privatizing the profit.
'Private profiteers benefit greatly from government handouts because welfare for large corporations and wealthy individuals is doled out like never before'.
Owen Jones