Locusts, Leeches and Vultures

Financial Services companies are locusts in society, and if anyone is still in any doubt about the level of greed/immorality of bankers then they need look no further than the latest news about HSBC mis-selling bonds which systematically stripped vulnerable old people of their hard-earned money/nest eggs ...

At the same time, ambulance chasing lawyers are like vultures, chasing any opportunity to profit from someone else's misery and pushing people to make fictitious claims (e.g. whiplash injuries). It is almost ironic that lawyers are trying to feed off the locusts now too, following the widespread mis-selling of insurance (PPI) by banks ... 

Oh what a corrupt, rotten, immoral world we live ... and whilst we are on this topic let's not forget the immoral behaviour of Insurance companies, the leeches, who have recently been exposed for profiting heavily from passing on the details of accident victims to ambulance chasing lawyers (and in the process pushing up car insurance premiums).

These leeches promise the world to get their hands on your money, but when there is a risk of paying any money back they'll use any trick in the book to wriggle out of it.  For instance it has recently been revealed how the vast majority of insurance companies aren't checking prior accidents/claims before providing car insurance (despite it costing pennies and being really easy to do) because they prefer to take a huge chunk of people's money knowing that they'll never have to pay any of it back (nb they carry out these cheap/simple checks as soon as you try to claim, and then use this to relinquish themselves of any liability).

The current state of the economy is due to successive inept and corrupt Governments choosing to believe financial services (e.g. casino banking, counterfeiting banking and insurance companies) to be the key to the future prosperity in the UK ... when in reality, just as locusts, these groups systematically destroy value, not add value, to an economy!

Unless these people are stopped and made to pay for their actions, they will bleed the country dry and the vultures will feed off any remains. The bankers and insurance executives will then try to push themselves onto other emerging economies to feed/leech off them (but places like China have already seen right through them - and anyone found trying to destroy their economy like the bankers have here would be tried for economic sabotage and hanged).

A nation ... held back by vested interests?

Here's just one fundamental reason for introducing land value tax ... "In a world of internationally mobile capital and people it is counterproductive to tax personal income and corporate profit to uncompetitive levels ... but a progressive alternative is to shift the tax base to property and land which cannot run away and represent, in Britain, an extreme concentration of wealth" (Vince Cable, Business Secretary, 22nd September 2010).

But there is one fundamental reason why they will not do it ... and that's the self-interest/greed of a very small minority, who own the vast majority of land, and wealth, in the UK.  Over 69 per cent of the UK is owned by 0.6 per cent of the population, or more pertinently 

• 158,000 families own 41 million acres of land, whilst
• 24 million families live on the four million acres of the urban plot. 

No other country in Europe, apart from Spain, has such an unequal concentration of land ownership. The single wealthiest landowner is the Duke of Westminster, who owns hundreds of acres of prime real estate and land in Belgravia and Mayfair ... and the "cousinhood", a secretive network of 6,000 aristocratic families and their relatives who, through intermarriage, continue to own much of the land of the British Isles, still exert influence and control through the political parties, the House of Lords, Oxford and Cambridge, the Crown and the armed forces.

And, contrary to popular belief, there is no shortage of available and uncultivated land in Britain - the landowners' estates are vast and, in areas such as the Cotswolds and parts of Scotland, say, omnipresent. What Britain suffers from, especially in the south-east of England, is a shortage of land on which houses are allowed to be built (e.g. the "green belt" around London massively inflates the prices of property in London ... which the Duke of Westminster has profited very well from). 

As a result, the urban plot becomes ever more congested, land values and property prices continue to grow - because scarcity of land attracts a premium value - and our young people, many of them debt-burdened from their university years or struggling to find work in a recession, cannot afford to buy a flat, let alone a house. This forces them into the twilight world of short-term rents and disreputable landlords.

Given that there is a direct correlation between land scarcity and high house prices, why isn't land reform more urgently debated today? Why are our political and media elites so reluctant to investigate new ways of taxing unearned income, especially at this time of extreme austerity, when Britain already has the fourth-highest marginal tax rates?

Because those same people, who sit in the shadows (but quietly wield their power) also exert   influence and control over most politicians and those in mainstream media too ... n.b. it is also massively inflated house prices that allow bankers to profiteer from driving young people and families heavily into debt, whilst allowing 'speculation' to continue (at taxpayers expense) from money 'created' out of thin air too (resulting in the 'growth' of 'financial services' using 'fractional reserve banking') ... so not so hard to answer really ... however, they do not control the internet (although they a trying to do so)!