Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/991/27206

From The Socialist newspaper, 18 April 2018

Billions for the bosses, benefit cuts for us

We are the 99% - Take the wealth off the 1% - Socialist Party placard, photo Paul Mattsson

We are the 99% - Take the wealth off the 1% - Socialist Party placard, photo Paul Mattsson   (Click to enlarge)

Simon Carter, East London Socialist Party

Capitalist wealth distribution is now at its most unequal and set to widen further.

As of March, there were 2,208 billionaires in the world, according to Forbes. Their total worth is $9.1 trillion, an increase of nearly a fifth on 2017 - average wealth, $4.1 billion.

And Amazon founder Jeff Bezos has become the planet's first hundred-billionaire, with a $106 billion personal fortune. He pipped Bill Gates to first place by adding a staggering $39 billion to his wealth in just a year.

Shortly afterwards, the Tory government's latest cuts in 'universal credit' benefits came into effect.

Even before the most recent changes, families had to wait many weeks for payment, leading to rent arrears and evictions. And food banks report a big uptake from families in areas where universal credit has been rolled out.

Now, according to the Resolution Foundation, 3.2 million working families in the UK are expected to be worse off, with an average loss of 48 a week. About 600,000 of those, mainly couples with children, will no longer be entitled to any help at all.

True, 2.2 million working families will gain an average increase of 41 a week. But the maths shows that overall, one million families will lose out.

But what about the government's commitment to reign in the tax-dodging mega-rich? "When it comes to opportunity, we won't entrench the advantages of the fortunate few," pledged Theresa May.

Yet parliament's Public Accounts Committee has found that the HM Revenue and Customs tax take from 'high net worth individuals' fell by 1 billion since the Tories set up a special unit for them. Income tax paid by all other taxpayers has risen by 23 billion over the same period.

For the Tories, it's business as usual - robbing Peter to pay for super-rich Paul. Four years ago, a PCS union-commissioned report found that 119 billion in tax was being dodged in the UK, mainly by big companies and wealthy individuals.

Compare that figure to government spending on education, 90 billion, transport, 20 billion, and health, 148 billion in 2016-17, according to Institute for Government analysis.

Let's kick out this government of the multibillionaires and fight for a socialist programme to reverse austerity and make the super-rich and their giant corporations pay to increase the living standards of the 99% through nationalisation and progressive taxation.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 18 April 2018:


What we think

No to the bombing of Syria!


Labour Party

For a fighting, democratic Labour Party


Socialist Party reports and campaigns

Give us your change (and more) to fight for system change!

Building fund: 150,000 milestone smashed!

The Socialist - a fighting, campaigning, workers' paper

Hull says no to war, no to austerity

Victorious Fearnville Fields campaigners thank the Socialist


Socialist Party news and analysis

Young people need homes

1,400 beds empty as patients lay in corridors: health unions must act now

Catalonia: 1m marchers demand self-determination

Billions for the bosses, benefit cuts for us

Them & Us


Local elections 2018

Labour councillors could stop unsafe 'driver-only operation' tomorrow

Grimsby local paper reveals Labour candidate 'tried to defect to the Tories'

TUSC campaigners challenge youth club cuts

Huddersfield TUSC takes on the Blairites

Butterfields tenants join TUSC campaign

Haringey TUSC fights Blairite cuts


Socialist history

Enoch Powell's racist 'Rivers of Blood' rant 50 years on


Workplace news and analysis

Usdaw conference 2018: time for new era of fighting trade unionism

UCU members vote to end pensions dispute

Bromley libraries - indefinite strike action continues

PCS rejects Acas offer - further strikes announced

Vote for a left, fighting PCS leadership

Avenue School strikers and parents win judicial review

Workers' victory over anti-union Scottish council


Opinion

Vital depiction of fight for Aids prevention and treatment

The Socialist inbox


 

Home   |   The Socialist 18 April 2018   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Super-rich:

triangleThem & Us

triangle10 years since the financial crash - the socialist answer to capitalist crisis

triangleThem & Us

triangleCampaigning in Southampton for school and college walkouts when Trump visits Britain on 13th July

triangleRichest worth 724bn... as 100,000 kids fall into poverty

Rich:

triangleBosses' pay up a fifth while workers' pay falls ...

triangleRich, raw tale of financial crisis's impact on rural Ireland

triangleRoyal wedding opulence... during longest pay squeeze in 200 years

triangleMajority of kids poor in some areas

Wealth:

triangleSocialist nationalisation: what it is and why we need it

triangleTax Amazon movement wins in Seattle

triangleCapitalists fear for their system at Davos

News and socialist analysis

News and socialist analysis

19/9/18

Labour Party

Blairites must go

19/9/18

Student

Mobilise mass student fightback

19/9/18

Housing

250,000 families in "non-decent" homes

19/9/18

EU

The fog of Brexit

19/9/18

What we saw

What we saw

19/9/18

Rail

Rail rip-off reversal

19/9/18

Momentum

Momentum's 'The World Transformed' blocks discussion on Liverpool council struggle

19/9/18

Labour Party

The struggle to transform Labour

18/9/18

Drug companies

Big drugs companies dodge 3 billion pounds in tax

13/9/18

PCS

PCS: the real issues at stake - a reply to Socialist View

12/9/18

Labour Party

Corbyn must lead in fight against the Blairites

12/9/18

Capitalism

Fearful bosses call for 'fairer capitalism'...

12/9/18

Food

4m children in homes that can't afford fruit and veg

12/9/18

Them & Us

Them & Us

12/9/18

Academies

School students in solitary: for full funding, not exclusion!

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999