NEOLIBERALISM IN A NUTSHELL
As everything is privatised and outsourced, the vast majority of the population is impoverished as masses of people are made redundant and then have to work for less money for the cheapskate contractors who put in the lowest bids to do the work they were once directly employed to do, while a handful of whiz-kid executives and financiers earn multi-million pound remuneration packages. The latter make a string of winning bets in the financial markets. There appears to be a miracle. It is no longer necessary to produce anything as the whiz-kids of high finance seem able to conjure money out of thin air. There is no need to sustain a manufacturing industry, with its pesky, well organised labour. As long as enough money can be channeled into the housing market to keep a speculative bubble going, people who have got onto the housing ladder feel good and can keep up their former standard of living, and as for those who can no longer afford housing - well, ***them, the votes of home owners are enough to give the system the electoral support it needs. All of a sudden, the whiz kids make a losing bet, the bubble bursts and the whole thing turns out to have been an illusion.
Guess who gets the pay the bill? The ordinary people, like in this proposed tax.
Watch out for the paradigm change in economics coming very soon.