Wednesday, 7 December 2011

Back to basics

It's finally sinking in that when times are tough, the tough get going. In Greece, sacked diversity coordinators are heading back to their parents farms and learning how to milk goats again. No more inflated public sector sector salaries financed by State borrowing, no more retiring at 50 and no more Mercedes bought on cheap credit. Twenty years of being told they are as productive and worthy as the Germans has finally collapsed and a cold new dawn of reality is being served up to the melon farmers. Likewise, the Portuguese, Spanish, Irish and Italians are also putting down their iPads and picking up ploughs and shovels and getting on with the job of living within their means. Nothing to be frightened of guys, your parents managed it until they were seduced by the promise of "free" money by Politicians.

Will it happen here? I certainly hope so. My Blottr post this week dealt with the absence of a peasant class in the UK (and I mean peasant in the sense of actually producing something). As you know, I'll be headed off to sunnier climes to do the same shortly and I'm not expecting anyone else to pay my bills for me. I've made sure I won't be relying on a state pension or welfare handouts and in return, I'll be rewarded by minimal State and taxes and the chance to live my life as I see fit, taking responsibility for my own actions.

As luck would have it, more and more citizens are beginning to feel the same.The National Centre for Social Research's 28th annual British Social Attitudes report shows  that people are sick to death of handing over an ever greater amount of what they earn with their own labour to those who will not. The majority now believe the State hammock, designed to keep the feckless voting Labour, has to go. No more taxes, no more handouts.

Now I don't believe this will have any immediate effect as the State is still desperate to grab as much of your wealth as it can lay it's greedy little hands on, but eventually, when the cuts have really taken place, the entitlement classes told to do one, the welfare state once again reduced to something that you fall back on, not into, then those who actually earn the money are going to start asking why they are still paying eye watering amounts of taxes. And when they do, the next cuts they demand will be in a reduction of the State.

People are paying off their mortgages, debts, saving for a rainy day, shunning the shops and rightly bolting down the hatches. When this is over, millions will wonder why they ever paid so much to Politicians in the first place, why they allowed the State to grab so much and inflict itself upon them so totally.

Bring it on. Those who are forced to feed the beast are slowly realising it serves no useful purpose with its gargantuan appetite and grasping tentacles. It can't be long now until they work out how to starve it to death.

Meanwhile, a little story to amuse you:

It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.

The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note. The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town. 

No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with a lot more optimism. And that, Ladies and Gentlemen, is how the bailout package works

Hat tip to Elsa

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