Capitalism is broken.
I didn’t vote for a government that would attack the most vulnerable in society, but grovel and smarm towards businesses.
I didn’t vote previously for a government that would pretend to look after people, but also besmirch caring parents and attempt to remove our rights to educate our children as we see fit.
I do not understand a system that has allowed businesses to go on paying insufficient wages, backing up the process with tax credits, and then starts to remove that safety net from people who rely on it through no fault of their own.
What would happen if businesses actually paid people a living wage? For starters, presumably we’d all need to pay less taxes as the benefit bill would drop hugely. So while businesses would have to pay out more, the tax burden on individuals and businesses would go down slightly?
I can kind of see all this in my head, but I can’t see what the numbers need to be. I’m not an economist. But I can see how it is all linked.
You see, the problem is that businesses aren’t controlled for the benefit of individuals. They are controlled, theoretically, by shareholders – their duty is to provide the best return on investment for shareholders. Except that shareholders are either the board of directors, who do stuff all quite frankly, or pension funds, who again have little interest in actual people. And the people relying on the pension funds have no say in the matter either – it’s the very rich, the politicians and that class who have developed a system that looks after them, and stuff the rest of us.
I think it’s time we deconstructed this. It’s time businesses actually looked after the people who do the work. I know the wail that if we raised the minimum wage we’d make small businesses uncompetitive, and big businesses would up and leave but I don’t think I believe it. Is there anyone out there who can do the facts and figures and show us what would happen if you dropped the tax bill because people were actually getting paid for the hours they put in? Maybe some of the people in the very top layers would have to take a smaller cut of the cake as well, but I bet they wouldn’t suffer all that much.
And if you put money into the paychecks and pockets of the people at the bottom and middle of the businesses, do you know what they’d do? They’d spend it. And the economy would suddenly have lots more money floating around it. Unlike when you give it to the banks and they sit on it.
Please will someone explain to me where I’m going wrong with this idea?