IMF proposes Taxes and Controls on Banking!

The IMF has proposed taxing the bonuses paid by banks, and limiting the size of the banks. Sounds like a good idea but why do I think it’s a long way off!

In the U.K. we have an election going on, which party of any strength – ha-ha - will play hard ball with the banks, and thereby not exactly have their support once in power in Westminster. I nearly said back in power for a further five years. Still you never know, pigs do fly, even if it’s in planes, when they can fly (ASH). It’s a topsy turvy world to be sure.

But is it the banks that are the problem, of course these high bonuses are ridiculous, but the pay for their jobs should be open to close scrutiny, and if excessive, then adjustments should take place, and quickly. It always seems proposals are for the future not for now. Hit the miscreants now, check the figures now. So they have contracts. Well it’s quite simple change the tax thresholds so that the excessive payments and bonuses are hit. But that I think is what the IMF is proposing and a fat lot of good proposals are.

One thing doesn’t seem to occur to the leaders of the so-called developed countries; there is only so much available in the cake, you can bake a slightly bigger cake if you have the ingredients. That means produce more from the manufacturing section, (that’s what is meant by ingredients), but we seem to employ more and more people in the service industries and they just eat cake.

So we need to get to the heart of the problem, we need to produce, and that means hard work. Not something we are used to. We have had the underdeveloped countries to produce for us with cheap labour, but now the greedy so and so’s want some of the cake. Our cake! being eaten by the underdeveloped countries, just because they are doing the production work, blooming cheek. Think about it.

Sorry folks, if we are to survive we have to start working in manufacturing and selling our goods to the world. We have to stop kidding ourselves that the unemployed are working just because they are in higher education, in the over staffed civil service pushing pens, in the health service as highly paid managers. They are equally as big a drain on our countries as the unemployed, and I don’t mean those that are unfortunately out of work for a short period because the company they worked for is losing work. I mean families that haven’t worked for two or three generations.

I hope whoever gets in at the Elections about to take place in the U.K addresses the production of goods to be sold for cash – we need cash – it doesn’t grow on trees.

Education is wonderful – benefits are often needed – tax breaks for the needy are fair – helping marriage is a good thing – better weapons for our armed forces – a replacement for Trident is a wonderful thing! well possibly. But can we afford them. Not one of those items produce hard cash for the kitty. Oh! but education is needed for the future, and more people are being educated – they even can get qualifications for knowing about the soaps on television, that should bring in the cash!

Oh well maybe I should be better employed working rather than writing, but in your seventies you tend to slow down. And I was in export selling chemicals all over the world for cash to come to the U.K.