We all accept that the debt has to be dealt with but why should the general public carry the can when they neither desired nor engineered the financial debacle.
There are alternative solutions which our representatives never mention.
According to figures released by the Office for National Statistics, our annual output is measured at £1.4 trillion, which almost equates to the £1.3 trillion of public cash which the last Government made available to the banking sector, and total wealth in the UK amounts to an incredible £9.1 trillion!
The ONS also states that the richest 10% of the population owns and controls 44% of this bonanza which equates to £4 trillion!
If this super-rich strata of society had their wealth taxed at a very reasonable rate of 5% - leaving them with 95% - instead of the incredulous 0.5% which they actually pay, the exchequer would raise £200 billion, which is more than enough to draw down the deficit and fund actual improvements to our public services.
But then, why stop at 5%? Is this what the billionaires tremble at and does this explain the deafening silence from the establishment on this issue?
Such a solution would satisfy the public and should also calm fevered, mystical markets, which let us admit it, are simply driven by greedy, panicky individuals who can and should be controlled.
The recommendations of credit rating agencies such as Standard & Poors and Moodys should also be challenged as these are the very agencies which gave AAA ratings to collateralised debt obligations, the toxic assets which brought the whole house of cards crashing down.
These agencies are not some independent, refereeing, inspectorate operating in the stratosphere, but are in fact executing their clients' instructions and picking off countries one by one in order to force them to sell off public services to grasping, irresponsible privateers!
