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Wealth, aristocracy, vs Nursing in a hospice who owns the better life? by Nigel Saywell-Lee





Wealth, aristocracy, vs Nursing in a hospice who owns the better life? by
Article Posted: 09/18/2012
Article Views: 312
Articles Written: 39
Word Count: 1272
Article Votes: 15
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Wealth, aristocracy, vs Nursing in a hospice who owns the better life?


 
Business,Motivation,Tax
I have jumbled together my thoughts in order to publish this article. I have a nagging concern emanating from within my very bones causing me great consternation.

I am increasingly worried, even alarmed as to the well being of the developing communities. For some time now the so called 3rd world has enjoyed a period of catch up in their living standards, standards that we take for granted and often abuse in the west. However, these countries that are behind the curve have a long way further to go to achieve a welfare state such that say the UK or France enjoy, although some would argue as to how much long those two countries can afford the systems that they have in place, but that’s another story.

My concerns are simple; in order for the global economic circle to be complete then money has to be recycled, otherwise we all grind to a halt at which time we return to the caves and the tree’s from whence we came. Can that be a bad thing, in all honesty we would then experience a sense of belonging, a community would form where camaraderie would become the currency of the moment. However, we are far from such a place, but in my opinion we are dangerously close to a form of anarchy unless an economic paradigm shift does not soon come our way.

The questions that I ask myself are simple:

1) How long can the world, better still countries of the world be able to govern their citizens if wealthy individuals are able to rob the tax coffers of the incumbent treasuries? In a prestigious corner of London there is an area known as Knightsbridge, a glitzy place, which is home to the famous store Harrods. I am told, as a point of reference that the plush apartment building, recently built by the Candy Brothers, which overlooks Hyde Park in the heart of Knightsbridge London, with each apartment retailing at a mere GPB38M / $60M. The UK treasury levies a stamp duty tax on all purchases of UK property. This Stamp Duty tax can range between 2.5% - 4% depending on the value of the property. However, due to a legal loop hole each of the wealthy purchasers were able to avoid said “Stamp duty” tax which at an average 2.5% this is a significant loss to the public coffers causing a hole in the UK finances which means that us mere mortals are expected to cover the void.

2) I have recently heard that Greece has been encouraged to forfeit Saturdays as a holiday day making the working week a 6 day week. Such a move appears to have sparked a debate in other countries of the EU with the suggestion that these other countries should follow suit and make Saturday a working day. Here the debate becomes interesting; captains of industry, entrepreneurs alike are rubbing their hands in glee at such a prospect, to make Saturday a working day would hand the employer a productivity bonus. So simply put; the same people who use aggressive tax avoidance schemes will be handed on a plate another 10 hours of productivity totally free of cost. Sorry, it is inconceivable to look at this forfeit as a solution without first addressing some of the core issues.

3) Perhaps the most distressing concern of all; given that we all know that the US has driven the world economy by ensuring that their hard earning dollars are spent, thus making the economic miracle a reality for all of us, but they have done this by becoming seriously in debt! They cannot continue to prop up the world economy without a similar model to theirs emerging in another corner of the globe.

However, with one caveat, what is so alarming is this; 50% of the world’s wealth sits with 2% of the population. I don’t know what that says but it sure as hell cannot be healthy to have so few people squirreling money away at such an alarming rate, such that they have a hard time spending the interest generated from such wealth.

4) We all have heard such stories like; we mustn’t tax the rich as they will take their business elsewhere, thus exporting jobs. Sorry I really don’t buy this, we are a global economy with a population that is all born equal, money is not a tool in which to lord it over us and to contain us as slaves to the rich. Governments have a duty to ensure that individuals are responsible with money and now ensure that it continues to circulate, governments step up to the plate and ensure that funds flow around to all.

A person’s ability to understand facts and figures or that they are born into families with wealth or aristocracy does not mean that the bread that they eat should be better than the bread of others. As an example some individuals are high achievers in the financial houses others are high achievers in cancer nursing. What entitles an east end barrow boy whose has made good on the dealing floors of Morgan Stanley, to have a better life than say a nurse offering respite in a hospice?

5) Perhaps the most poignant of all, who ever invented money, they surely must never have envisaged that money would hold greater sway over government and government’s policy than the electorate that they are there to serve.

I have rambled on here but I am in need of a wakeup call, I must be missing the point, for me I am one of Maggie’s children and have been a beneficiary of the capitalist world and practices, but I now believe that Capitalism has had its day and we must surely find a way to bring us all back into balance. Otherwise who will care for the rich in their dying days – silly question as they can pay for care so who will care for us the other 98%.

Politicians get real you are abdicating power, our lively hoods, our ability to enjoy life’s rich tapestry to a few attendees of the Davos elite. If capitalism has a future then put some of the 50% held by the 2% back into circulation.

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