No Laughing Matter: A Chancellor For The Millionaires Is A Disaster For The People

This isn’t a government, it is a smash and grab raid. A rotation of the elite. One blundering vessel of inadequacy has been replaced by a languid barrel of soulless idiocy in the blink of an eye.

It was said as a matter of fact that a government led by Jeremy Corbyn would cause an unprecedented run on the Pound, yet here we are, nearly three years after the general election, and the Pound has hit a 37-year low, under an economically illiterate Conservative government.


Some 1.5 million households in Britain still don’t have an internet connection, nearly 30 years after it was widely available to the public. 


Imagine trying to keep up with the DWP’s demands without being able to access the internet. 


Again, it was a matter of fact that Jeremy Corbyn would’ve seized the means of connection and nationalised broadband so every single household could access the internet - something that most of us take for granted in the year 2022. 


We could go on all day and night with these, of course, but we are where we are, which is stuck between a choice of a corrupt cabal who have had twelve long years to make an impression and an opposition that talks openly about using the private sector within the NHS, digs out the disgraced Tony Blair’s “tough on crime” soundbite for another airing in public, and finds itself mired in a fresh sabotage scandal following the release of Al Jazeera’s ‘Labour Files’. 


To me - a simple soul that firmly believes in democratic socialism being the only viable antidote to the poison of neoliberalism - this is no choice at all. 


I guess you have had long enough to digest Kamikwasi Kwarteng’s mini-budget by now? You’re looking at huge amounts or borrowing at the same time as massive tax cuts for the wealthiest, right?


You see, with enough mental gymnastics, just about any fact can be distorted to suit your own confirmation bias - particularly if you’re a Tory - but even the most committed of truth twisters will struggle with this little lot. 


There are 19,000 people in the UK that earn more than £1 million a year. They have just received a tax cut worth £55,000, thanks to the Tories. 


At the same time, the Tories handed-out a 25% tax cut to the top 600,000 earners. 


More than £130 billion of your money is going to huge energy firms - a remarkably generous bung - even by the Tories standards. UK energy firms are making a staggering £6 million profit every single hour.


If you’re on an average wage you will see an extra £25 a year - or just over £2 a month. 


Interest rates are at their highest in 14 years while the value of your savings (if you are lucky enough to have any) is dropping at its fastest rate in four decades. 


Your energy bill will go up by around £500 on Friday while millionaires get massive tax cuts. 


If you expected the Labour Party to respond to this by unequivocally ruling out tax cuts for the very richest you would’ve been very disappointed by their totally inadequate response, when Shadow Chancellor Rachel Reeves refused to commit to reversing the Tories millionaires tax cut, three times. 


What is the point of the Labour Party when they refuse to stand up for the interests of the working classes? Keir Starmer’s excess of timidity is as insulting as it is lamentable.


Be in absolutely no doubt whatsoever, Kamikwasi’s plan to "turn the vicious cycle of stagnation into a virtuous cycle of growth", is a recipe for an unmitigated disaster. 


The Tories will leave our families suffering from soaring energy prices while banks and the big oil and gas firms will rake in eye-watering profits. 


It is morally repugnant. 


Once again, the Tories are robbing the poor to ensure the rich can maintain the opulent lifestyle that they have become accustomed to. This is a cost of greed crisis, no more, no less. 


Even the President of the United States thinks trickle-down economics is a “discredited theory”, although I would go further as to say it isn’t a case of trickle-down not working, it is more a case of trickle-down not existing. 


Trickle-down economics is a complete and utter fraud and a fallacy. 


Giving ginormous tax cuts to the already-rich and fucking mahoosive corporations doesn’t create jobs, it enriches corporations. 


The government of today - essentially elected by 80,000 hard-right, swivel-eyed headbangers - has completely disowned the previous 12 shambolic years of Tory rule, apart from the bits they deem to be successful. 


But this is the same corrupt Conservative cabal that has systematically dismantled the living standards of the poor and working classes throughout the last 12 years whilst shamelessly handing out hundreds of billions of Pounds of corporate welfare. 


The only noticeable difference between the Truss government of today and the previous governments of Johnson, May, and David Cameron is the ERG now find themselves in a position of power, rather than barking out ridiculous Brexit bullshit from the sidelines.


You Tory voters may well think that I am preaching to the choir here, but I urge you to look beyond your own confirmation bias and stop voting against your own self-interests. 


Remember, the legitimacy of something is not dependent upon my ability to explain it. Stop watching GBeebies, BBC, and Sky, put down your Daily Mail, and take a look at campaign groups such as Enough is Enough and The People's Assembly. 


We cannot go on like this. 14.5 million people are living in poverty - nearly 5 million of them are children. 


Just one child being forced to go without is shameful. Nearly 5 million of them should be seen as nothing less than a national scandal. 


Kwarteng’s mini-budget didn’t even offer a shred of hope for the people that need it the most. Did we really expect it to? 


Has anyone asked the millionaires Chancellor why his ‘tax cuts’ are worth £1,600 if you live in London and the South East but just £500 if you live in the North East? I doubt it.


The crisis we face today isn’t because we don’t have enough money to help the poor, disabled people, and the low paid workers that we used to call “key workers”, because we do. 


The wealth is being hoarded away in dark places by the millionaires and the billionaires, and this Conservative government has just helped make them a little bit richer. 


This hard-right flotilla of Tory shite masquerading as a government will be defined by the decisions Liz Truss makes in the coming weeks and months, and if last week is anything to go by this government will fall at the next general election. 


This is class war on a scale we probably haven’t seen before, and of course, when the rich rage war it's the poor that die. 


Build, organise, and prepare to fight back, we cannot continue to accept a failed ideology, a broken economy, and a government that has turned to borrowing public money to line the pockets of their friends now that the Tory bastards are almost out of assets to strip. 


Until next time,


Rachael 





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