Monday, 8 February 2010
Flight From And To The State
Over on Tom Paine he is commenting on Mark Thomas' assertion that the
UK should invade Jersey, because all of the 'Pirates' that are avoiding
'rightful' Income Tax by relocating their businesses there, or
Switzerland or other non hostile business parts of the Globe. Whilst
Mark Thomas is doing this tongue in cheek, it does hightlight that business is not set up in the UK to be the Milch Cow of the State, or to be unpaid Tax gatherers. The State is not an equity partner, it takes no risks in the venture it just bleeds the Cow dry. So what incentive is there to stay ?
Of all the dividend payments that were made in 2009, 25% came from just two companies, the vast bulk of dividends came from just five companies. Nu Labour has rendered the UK to be one of the most unprofitable places to do business in the world. The productive sector is just upping sticks and voting with its feet.
The Flight to the State is from older applicants rather than going on the dole, applying to University, up twenty per cent on this time last year. This is not taking into account this is an early snapshot, as the application season is no where near over. This is a laudable alternative to sitting watching Jeremy Kyle all day, as long as there is genuine education happening, not some of the more utterly useless courses on offer.
So when Blair said Education,Education,Education did he really mean as an alternative to full time unemployment in a bombed out economy ?