Posts Tagged ‘Parasite Street’

Parasite Street

January 17, 2014
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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