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Making the punishment fit the crime for Tory donors

We have always known that this was a government of the rich, by the rich, for the rich.   But a striking confirmation of this has come from research by the GMB drawing on data from the Electoral Commission and the Register of Members’ Interests.   It shows that a quarter of the 1,000 ultra-rich persons in Britain are Tory donors who have donated a total of £83.7 millions to the Tory party.

These 248 Tory donors have wealth totalling £114bn, including many in banking and finance.  Since the bankers caused the crash and since the ultra-rich have been wholly exempted by the Tory government from making any contribution to dealing with the mess they caused, it rather perfectly kills two birds with one stone by making them, not their victims, pay up.  Since the richest 1,000 persons, according to the Sunday Times Rich List, made gains of £155bn in the last three years of austerity for everyone else, why not charge them capital gains tax at the current rate of 28% which would yield £43bn, more than enough to fund the public investment to create 1.5 million jobs within the next 2 years?   That would at last be putting Tory bankers to some good use.

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