Thursday, 29 August 2024

In 2008, Britain faced a gigantic crise and billions were 'invested' to save the financial sector

Native Americans have an expression: keeping an ear on the ground. This literally means keeping an year on the ground to hear galloping horses. Looking at the pages of The Guardian and at postings on Internet from well known Labour Party operators it is easy to see that all is not well on Planet Starmer.


No more taxes and no more Austerity? North of the border, in Scotland, the SNP has been collecting taxes by imposing taxes on property transactions. South of the border, in England, the Labour Party is planning to charge taxes on property transacttions. This means that property owners are going to get a lot less than they now get for selling their properties.

If a property is worth 1000 and property transactions are for 1000, then the selling amount minus the cost of the ititial acquisition will be taxed 40%. Sellers will have to recoup the 40% the government is planning to take away. Selling prices will rise or sales will come to a hault altogether.

If the idea is to lower the cost of housing, imposing a tax on transactions will push prices up or will stop sales thus compromising, once again, the financial sector. We know that the properties market is what keeps the British economy afloat. Paralizing the properties market will send the British economy in a downwards spiral.

If the financial sector is compromised, the state cannot rescue the financial sector and it would be meaningless to try to rescue the financial sector if the rules that promove the crise are not changed. 

So Keir Starmer stated that he is out to fight against what he calls 'far right extremists'. In fact, a gigantic financial crise will do exactly the opposite. 

Alexander Gauland, from Alternative für Deutschland wrote: Wie schlimm kann es Deutschland gehen? Wie viel können wir provozieren? Es sei demnach im Interesse der Partei, dass noch mehr Migranten nach Deutschland kommen, denn gann gehe es der AfD wesser. 

What applies to immigration in Germany, applies to financial crise in the United Kingdom. If in less than a year the Labour Party bankrupts the British economy, the malaise generated by a financial crise will motivate people to move in the opposite direction and support so called right wing policies. 

Since the act passed by David Cameron and Nick Clegg regarding fixed terms is no more, it is more than likely that Labour MPs will start moving against Keir Starmer and if Keir Starmer were to introduce rules that only allow MPs to select Prime Ministerial Candidates and prevent Labour Party members from voting then Keir Starmer will have yet another crise to contend with.

Let us remember that thanks to Jeremy Corbyn and many other MPs that either left the Labour Party or were thrown out of the Labour Party membership grew exponentially. Getting rid of voting rights for members could send Labour Party membership numbers downwards.

The situation will then be critical for both the Labour Party and the 'middle-ground Conservatives' and will be a net benefit for those to the left of the Labour Party and for those to the right of the Conservative Party. With meltdown in the middle, the extremes will gain millions of supporters.


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