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Austerity is a Sham and CAN AND MUST BE CHANGED

Updated on May 12, 2015

Clear National Debt & Deficit in UK

Austerity is a sham that can be stopped by a 0.5% tax on UK FX and Financial Transactions that total £1 trillion per day and are at record levels.

This would raise £6.5 trillion over 5 years and the cost would be spread out amongst all Trader clients and Bank clients as it would be passed on on individual transactions as well as absorbed on bulk transactions by the Traders & Banks.

Even if half of the Traders & Banks objected and moved their trading offshore the amount raised over 5 years would be £3.25 trillion,still more than enough to clear the National Debt and Deficit.

There would also be enough funds to build 250,000 affordable homes per annum for 5 years and this would be good for Employment and the Economy.

As a further incentive to all in the UK we could have a 10% flat rate income tax for 5years to further create a good will feeling and boost to the Economy.

Have YOU ever wondered why this sensible plan has never been discussed in main stream media or by Politicians?

Genius Charts show why AUSTERITY is a Sham

Your Views Welcome


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    • alanlsg profile image

      Alan Bowman 2 years ago from The World

      Thanks H

      Much appreciate your comment and all we can do is keep pushing.



    • profile image

      Howard Schneider 2 years ago from Parsippany, New Jersey

      Excellent Hub, Alan. We have been arguing these issues in the U.S. for awhile now and it seems the bank backed Republican party has avoided these taxes with the lower classes suffering, It is a sad state of affairs.

    • alanlsg profile image

      Alan Bowman 2 years ago from The World

      Thanks Gary for your comment and agree with it whole heartedlyand enjoy your new week.

    • bgamall profile image

      Gary Anderson 2 years ago from Las Vegas, Nevada

      Austerity is a bankster scam as they try to make the money back, and more, from loans that caused the instability in the first place!

    • alanlsg profile image

      Alan Bowman 2 years ago from The World

      Yes I am aware but this tax would only hit those who can play the FX or the Financial Markets and at 0.5% has little impact per deal but enormous impact for social good when applied to £1 trillion a day transactions

    • profile image 2 years ago

      It is being discussed in the EU and the reason we're not doing it is because it's a really bad idea. You must never forget it is always the consumer who pays tax.

      Austerity has an opposite number which is called 'less tax' or not, not stealing your money from you in the first place to be spent on things you wouldn't spend it on.