No it isn’t it’s state interference in private enterprise which is classic socialist dogma - it’s also an expensive process
Socialism is by its essence state over enterprise
Look at some if the other gems. Giving of shares (10%?) back to the workers. In a free market global economy this is a disaster. It will have an immediate fear factor in the FTSE as shares will be sold these companies devalued
How terrible. Wanting workers to have some ownership of the companies they work hard for and so getting more reward for it. Doesn't this encourage hard work, efficiency and professionalism from the workers because they've got a financial stake in how the company does? Resulting in improved company performance and long term increases in the share price and therefore FTSE?
As opposed to those current shareholders whose whole effort for the company involves a call to their broker to buy the shares.
Companies like John Lewis/Waitrose are co-ops. And FYI by far the biggest reason of poor performance and lost value/failure of companies is at board/CEO level with poor decision making and investment. The same people who are paid the most and are given the highest pay rises, decided by the shareholders.
Last week McDonnell was spluttering on about making a right to buy from landlords. Excellent way to depress the house market and create negative equity on existing properties as well as robbing private enterprise - it’s similar to the farm robbing of the Marxist Mugawbe - ended really well
Depress the housing market, or set it at a sensible level enabling people to have security of the shelter over their heads? Not artificially inflated by landlords whose sole aim is to profit and massively overcharge rent so they make money off the deal. Or do you think a return to fuedalism would be a good thing, because that is the ultimate destination of that model - a handful of people owning everything while everyone else is a peasant paying to work someone elses land.
Have you ever bought a car on finance? That's got negative equity the second you sign the contract. Besides if all properties are now devalued your new home would cost you less anyway, so it's swings and roundabouts.
Plus it's nothing like farm robbing. 'Right to buy' is hardly storming the house and killing the current owner (which is actually far more a far-right, market-driven, dog-eat-dog thing to do) - it's BUYING it from the owner. It's no different to the law on shares that once you buy 30% of a company you have to make an offer for the remaining shares.
Increasing corporation tax - yep that’s going to encourage more foreign investment
I thought we wanted to take back control?
Higher taxation in the top 5% - state intervention in free market forces.
All these policies are regression policies of state above free market forces. They will only have negative impacts on growth and investment
The highest earners tend to have much lower effective tax rates than most, even if their actual contributions are higher because so much is tied up in trusts, offshore etc. Of course we could remove the state intervention. Why don't we just all steal stuff from each other or take a rich person hostage and force them to sign over all their money and possessions? Because the STATE says we can't and the STATE will punish you if you do. It's state intervention that allows the market running the way it does - take it away and you've got anarchy and a free-for-all.
