Parasite Street

Parasite Street

Parasite Street

We have all heard of Benefit Street, where everyone in the street is on some from of Social Benefits, the people who the evil ConDem Government wish to screw.

We hear far less of Parasite Street, the people who are parasites on the rest of society, the tax-dodgers, the bankers, the buy-to-let landlords.

Subsidies to Parasite Street cost 54x that of Benefit Fraud.

– Profiteering by buy-to-let landlords
– Subsidies to too-big-to-fail banks
– Poverty pay by rich corporations
– Tax-dodging by the super-rich

– Total £65 billion

– Benefit fraud

– Total £1.2 billion

What is Benefit Fraud? Some is genuine fraud, rare, so rare, that the gutter press go to town when it is found.

Most Benefit Fraud, is people out of desperation trying to eke out a living, the single mother putting in a couple of hours to help out at the local pub.

Only a fraction of the resources used to root out Benefit Fraud is deployed against Tax Dodgers.

Quantitative Easing, has been a subsidy to the Rich. It has also pushed down Interest Rates to Savers, Banks have no need of money from Savers when they are getting Cheap Money from the Government.

I thought I was hearing things, when I heard George Osborne arguing for a big hike in the Minimum Wage. But he is correct, as it injects money into the Local Economy, as does Benefit Payments keeping place with Inflation. Currently, we are subsidising Bad Employers through Welfare Payments to the Working Poor. If Employers cannot pay their Workers a Living Wage, then they do not have a viable business and should not be in business.

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5 Responses to “Parasite Street”

  1. Kevin R Carter Says:

    Huge amount of benefit payments go to people who already work, but get paid a low amount. These low wages are paid buy huge companies that make billions of pounds of profit each year.

  2. keithpp Says:

    We should not be subsidising Bad Employers, either by making up salaries with Welfare Payments or by forcing people on Benefits to work for Bad Employers for nothing.

  3. keithpp Says:

    I set up Parasite Street to balance the benefits debate
    http://www.independent.co.uk/voices/comment/i-set-up-parasite-street-to-balance-the-benefits-debate-9067202.html

    Who Are the People on Benefits?
    http://www.huffingtonpost.co.uk/anastasia-richardson/benefits-families-statistics_b_3060094.html

    UK banks benefited from £38bn ‘too big to fail’ state subsidy
    http://www.theguardian.com/business/2013/dec/17/uk-banks-benefit-from-massive-state-subsidies

    Great Tory housing shame: Third of ex-council homes now owned by rich landlords
    http://www.mirror.co.uk/news/uk-news/right-to-buy-housing-shame-third-ex-council-1743338

    Buy-to-let landlord defends ‘no housing benefits’ decision
    http://www.theguardian.com/money/2014/jan/07/buy-to-let-landlord-defends-no-housing-benefits

    Benefits Street: A healthy media would stand up to the powerful and wealthy. Ours targets the poor and voiceless – Owen Jones
    http://www.independent.co.uk/voices/comment/benefits-street-a-healthy-media-would-stand-up-to-the-powerful-and-wealthy-ours-targets-the-poor-and-voiceless-9046773.html

  4. keithpp Says:

  5. keithpp Says:

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