Dear Editor
For too long the working population has been told that decision-making on investment is the province of the wealthy and very well off, and it is they who create the nation’s wealth. The arrogance and stupidity of such a claim shows the value they place on the working population’s contribution to that wealth.
Listed below are a few respective contributions:
Investors: It takes minimum effort and little time of one day to move money around through financial markets seeking a higher rate of profit.
Workers: If employed full-time, spend the best part of one whole day working and getting to and from work.
Investors: Their investment is usually short-term, then switching to maximise profit.
Workers: Their investment is life-long commitment to work.
Investors: Having the power of decision-making to hire and fire and even closing down places of work, showing no responsibility for workers or country.
Workers: Have lifetime commitment to home and provision for the family in all respects.
Investors: Employ tax lawyers to seek ways of reducing amounts due; alternatively hide their money in offshore tax havens avoiding tax altogether.
Workers: Income tax is taken from their wage packets, VAT on products and services.
Further, the political representatives of the wealthy have continued to starve local councils of funds to maintain community life, forcing savage cuts to all services. They now have the audacity to tell local councils to sell public assets of all kinds, buildings and land. This is where investors will step in to make a killing out of the people who created and paid for their public services, buildings and land, maintenance of parks, gardens, sports areas and open spaces.
Can all this be justified? The answer can only be NO, the way things are done must change, because if not there will be no end to the endless cycle of unemployment, hardship and unhappiness.
A. Delahoy, Silverknowes Gardens
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