Dear Mr Cameron, It is a rule of thumb throughout history, its low pay for the masses and the accumulation of wealth for those who live off them. The most remarkable thing about the miners strike is that for all the fabulous wealth that mining produced, when miners asked for an increase in wages they were persecuted and, indeed, broken by Margaret Thatcher. Lets be clear about such wealth production, the cost of production including wages is not a profit to the people who do the work or to the business owners. Workers are not in profit until such time as they earn enough to have a surplus to their needs, just as owners are not in profit until such time as they have a surplus to production costs, including labour. Where it has always gone pear shaped throughout history is that owners, by and large, do not share profits with workers. Wages do not come out of profits, they come out of costs before profits can even be considered. People like Gina Rinehart, one of the worlds richest woman, called for a lowering of the minimum wage and also suggested that workers cut down on drinking, smoking and socialising. This is a typical message - that she wants production costs, including wages, kept to a minimum and wants exclusive rights to all the profits. Rinehart, worth $17 billion, clearly has issues about profit sharing and clearly considers the idea of people being paid wages surplus to their needs (profit sharing) as repugnant. Lord Freud (of whom one reviewer wrote - will be remembered in the City as one of the key players in several of the most embarrassing and badly managed deals in investment banking history) believes, people who are poorer should be prepared to take the biggest risks as they have the least to lose. The poor have always taken the greatest risks, often paying with their lives. Kevin OLeary, worth around $300 Million, when asked how he felt about the combined wealth of the worlds richest 85 people having as much as the worlds 3.5 billion poorest (half the worlds population) said, Its fantastic, because everybody gets the motivation to look up to the 1% and say, I wanna become one of those people, and went on to say, dont tell me you wanna redistribute wealth again, thats never gonna happen, ok. Land, resources and ordinary people are the wealth of nations, but youd never know it by looking at them. Poverty is violence perpetrated by the wealth grabbers over the wealth makers. The issue isnt about redistribution of wealth, its about distribution.
Posted on: Sun, 14 Sep 2014 21:11:20 +0000
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