Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

The End of Great Britain as We Know It?

September 11, 2019 By Richard C. Young

By grafvision @ Shutterstock.com

Are Britons ready for “the nationalization of rail, water, mail, and electricity distribution; various big tax increases on corporations and the rich; powerful new rights for tenants in any disputes with landlords; legislation to increase the power of labor unions; and pay caps for corporate executives”? This stream of bad economic policies is awaiting them in any potential Labour government led by Jeremy Corbyn, explains Robert W. Merry in The American Conservative. Corbyn is bent on policies that will be the end of Great Britain as we know it. Merry writes (abridged):

“A Corbyn government promises a genuine revolution in the British economy,” write Pickard and Shrimsley. “Labour’s leadership intends to pursue not only a fundamental change in ownership and tax but a systemic effort to embed reform in a way that future parties will struggle to unpick.”

They quote a Corbyn ally, Jon Lansman, as saying, ”We have to take decisive steps to both achieve a significant redistribution and create a constituency of an awful lot of people with an obvious stake in a continuing Labour government.” In other words, the aim is to buy votes with other people’s money.

Among other initiatives, Labour would force all companies with 250 employees or more to transfer 10 percent of their shares to employees. The FT, working with a prominent London law firm, calculated that this would amount to a transfer of £300 billion. Workers would manage the shares and receive dividends of up to £500 a year. Any income beyond that level would be redistributed to the government treasury—”representing,” as the authors write, “a stealth tax by the state.

The Labour plan also includes the nationalization of rail, water, mail, and electricity distribution; various big tax increases on corporations and the rich; powerful new rights for tenants in any disputes with landlords; legislation to increase the power of labor unions; and pay caps for corporate executives.

Under study are such “radical ideas,” as the FT labels them, as a four-day work week, a universal basic income, and government actions “to control the flow of capital.” And Labour officials have made clear that if the party ever is in position to nationalize various industries, there would be no effort to hit any market price for those companies.

Thus the nationalization as conceived of by Labour would offer another wide avenue of redistribution.

In Britain, it’s true that Jeremy Corbyn isn’t particularly popular these days. But the Brexit issue has driven a wedge through the Conservative Party and raised questions among many British about its commitment to economic stability.

And Labour remains the party best positioned to benefit from the Conservatives’ travails. Thus, it is highly significant that it is lurching so far to the left, just as it is significant that in our country the Democrats are showing similar tendencies.

Read more here.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Will Britain Depart the EU?
  • Remembering the Great Lowell George
  • Remembering the Great King Curtis
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • SEN. KENNEDY: This Is How to Fix Biden’s Border Disaster - February 1, 2023
  • Can Ukraine Be Solved the Way Kennedy Solved the Cuban Missile Crisis? - February 1, 2023
  • What If Russia Does Fall Apart? - February 1, 2023

Dick Young’s Must Reads

  • A NEW CONTRACT WITH AMERICA: Rick Scott Finally Gives the GOP Something to Run On
  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • America’s Colleges Have Become Progressive Liberal Rat Holes
  • You Want the Limo, Not the Public Bus
  • Hillsdale College: What College Is Meant to Be
  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen
  • Progressive Liberalism Has Dragged America near Ruination
  • Sen. Hawley Makes the Case Against U.S.-China Relationship
  • The Swiss Way
  • The Three Best Retirement Decisions I Ever Made

Our Most Popular Posts

  • Will Western Tanks Be a Game Changer in Ukraine?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Europe Should Protect Itself
  • “I Will Veto Everything They Send Me”
  • How to Fight Wokism Idiocy
  • US Debt Now Exceeds Annual GDP?
  • The Neocon Russia-Hoaxers of Hamilton 68 Must Be Held Accountable
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Pfizer CEO Terrified of Real Questions About His Vaccines

Disclosure

RSS Youngresearch.com

  • Reagan’s America Remembered by Your Survival Guy and More
  • What Happens if the “Fed Put” Is Over for Good?
  • Tom Brady Retires, Again. Should You?
  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many

RSS Yoursurvivalguy.com

  • Survive and Thrive February 2023: 4 Life Changing Words: “You Should Try This”
  • Tom Brady Retires, Again. Should You?
  • Reagan’s America Remembered by Your Survival Guy and More
  • America’s Unprecedented Debt Problem
  • Iran’s Ballistic Missiles Could Give Russia the Edge in Ukraine
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Tactical Laser Weapon Achieves “First Light”
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Your Investment Focus Is the Foundation for Success

SEN. KENNEDY: This Is How to Fix Biden’s Border Disaster

Oh Yes! It Can Get Worse

Reagan’s America Remembered by Your Survival Guy and More

Can Ukraine Be Solved the Way Kennedy Solved the Cuban Missile Crisis?

What If Russia Does Fall Apart?

Don’t Expect Much from the GOP House

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives