It is puzzling. Even before Bush's tax cuts, tax rises on the very rich would have had a negligible impact on them. And ther's no way the rest of the country will be able to provide the wherewithal.
Brown's raising of income tax on the "£150,000 plus" earners frm 40% to 45% in the UK shows he stll doesn't realise that super rich foreginers who exploit the congenital cheapness of our leaders and consequently the country, are no friends of our economy. Though they might be of help in various ways to their own "low-rent", short-term interests.
Thing is, an awful lot of liquidity funds has been stock-piled by all 5% of them (Polly Toynbee gives intesting figures in her article in todays' Guardian), just waiting to be trickled down on the rest of us, but nobody's wanted to take the initiative. The last act in the turnkey construction of this major dam still awaits some worthy in our government, who will cut the ribbon and actually open the dam's well... let's not say "floodgates"; "appreciable aperture", perhaps.
Though she didn't put it quite like this, I think Polly Toynbeee is right to stress that our managerial class don't seem to understand how they have been well and truly done. They literally don't know any better. That is, for us, a major and tragic, difference between UK and US politics.
http://www.guardian.co.uk/commentisfree/2008/nov/24/pre... http://www.guardian.co.uk/commentisfree/2008/nov/25/pre... It's ironic that NuLab(c) has taken the worst of Old Labour, the creeping secularism and galloping anomie, and abandoned its original priority - as envisaged by its founder, Keir Hardie - of economic justice.
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