Writing yesterday on his Tax Research site – see Starmer makes me despair – accountant, tax specialist and modern monetary theorist Richard Murphy has this to say:
Keir Starmer was interviewed by the ever-affable Justin Webb on the
Tory Today programme on BBC Radio 4 this morning. Paul Waugh, chief political correspondent of the Independent, summarised one exchange as follows:
Starmer was actually asked about taxes on wealth. He rejected the idea.
What is Starmer saying as a result? There are at least three obvious things.
The first is that inequality does not matter, when it very clearly does.
The second is that he does not think redistributing wealth, from those who only save their excess income to those who might spend it in the economy, can have an impact on the economy as a whole. This reveals a staggering level of incomprehension of the impact of multiplier effects.
Third, he really does not believe in the ability of government to meet need. If he thinks high tax delivers low growth he is clearly saying low tax, which is associated with small government, does deliver growth. In other words, he is suggesting that the private sector is to be preferred as a delivery mechanism to the state.
I could dig deeper but I am not sure I need to. This is neoliberal thinking of the most basic, dogmatic, mantra-driven and unchallenging type. The message could not be clearer. Everything Labour once stood for will not be embraced by him, his team or any government he leads. We will instead get austerity, shrinking services, growing inequality and kow-towing to the markets, bankers, and the supposed entrepreneurs in big business whose sole objective is to gouge out their companies for their own private gain.
I can say with a very clear conscience that I will not be voting Labour this week.
Me neither. I’ll leave you – and Richard – with two thoughts. One is that Caitlin Johnstone’s observations on America’s oligarchy thinly disguised as democracy …
The US doesn’t have political parties, it has narrative control ops disguised as political parties. One of them overtly promotes capitalism and imperialism by appealing to Americans’ worst impulses, the other covertly diverts healthy impulses back into capitalism and imperialism.
An elephant and a donkey fight in a puppet show and the crowd cheers for one or the other while thieves pick their pockets. And when people start to notice their wallets are missing, they’re told they can stop the pickpocketing by cheering louder for their favorite puppet.
People ask why the Democrats never codified Roe vs Wade into law, and the answer is, because that’s not their job. Their job is not to enact the policies you elected them to enact. Their job is not even to win elections. Their job is to keep you staring at the puppet show while the empire has its way with the world.
….are equally applicable to Britain.
The second, which should be obvious after the ousting of Corbyn and his replacement by a safer pair of hands for the said oligarchs, was voiced a while ago on this site in a comment by bevin:
The natural political division in the UK right now is between Blairism and Socialism. The Tory ‘brand’ is no longer fit for purpose – Blairism serves the ruling class far better. And when it is opposed by Toryism it is unbeatable because the only alternative is a clumsier version of itself.
I’m holidaying in Cromarty. Here’s a picture from yesterday. It’s no award winner but is my first of a wild dolphin. Between May and September, Atlantic Salmon enter the Moray Firth – which stabs its southwesterly dagger into the Scottish Highlands all the way to Inverness – and from there run up the Beauly and Ness rivers to spawn in fresh water.
Southwest of Cromarty, close to Fortrose, the firth narrows . At low tide only a few hundred metres separate Chanonry Point on the west shore from Fort George on the east. Here the fish must navigate the deep water channel a few metres off the point, here they face the greatest danger of ambush by waiting bottlenose dolphins, and here I and a dozen others arrived an hour or so after low tide. For the first hour, zilch. Then the action began. My kit was adequate. My reflexes were not. I’ll be back.
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