Archive

Posts Tagged ‘Mortgages’

We ALL need bills & interest put on hold and enough money to eat and be clean. Government bullshit about Subsidies, Loans and Grants helping us now or in the long term is simply f**ktarded

March 20, 2020 10 comments

img_5347It doesn’t matter if it’s electricity, gas, water, credit card, a loan, a lease, rent, a mortgage, phone, broadband, TV streaming, contract subscriptions of any other kind, or anything else. It is the ceaseless demands of the private, profit-making interests in this Country being allowed to continue sucking money from our pockets that is the real problem that people are facing now and will then continue to do so long after Coronavirus has been put in its place.

Subsidies, Loans and Grants from the Government make great headlines when politicians are obsessed with how things look. But these hollow actions are giving legitimacy to the continuance of profiteering and endless money making on the part of commercial interests and what we have come to know as ‘the few’. All at a time when there is no longer any excuse for the people we elected to provide opportunity for the usual suspects to carry on making money at our expense, at a time when we cannot earn, and as if they are entitled to act, behave and continue doing so like gods.

By allowing the economy to unravel, pretending it can be propped up by giving people the means to pay bills that could be put on hold so that everyone is in the same position and pushing many people and businesses into what will quickly become unserviceable debt, the Government is initiating a downward spiral for this Country and what should be a robust economy.

The outcomes of their ineptitude will be far worse for real people and businesses over the long term than the outcome from the temporary hit that the Government should be taking on our behalf right now.

The pathway that the Chancellor has taken so far indicates that the Johnson Government is either incompetent and doesn’t understand the reality that people like small business owners, deliveroo riders, people on zero hours contracts and those simply laid off from jobs in cafes and bars face, or they are intentionally using a crisis to assist in shackling all of these people and many more into forms of debt and the emotional bondage that accompanies it, simply so the friends and supporters of the Government can look at the piles of cash that they already have smile as they start taking even more.

Whether deliberate or created by stupidity and ignorance on the part of politicians who should always know better, the situation that this Government is now facilitating will quickly become little more than profiteering from the misery of the many, simply to line the pockets of the few.

No matter what anyone says – whether they are an MP, so-called ‘expert’ or specialist, journalist or anyone else who has fashioned themselves as part of the ‘celebrity cause’, the solutions that the Government are now offering up do not go far enough in just about every way.

The PM, the Chancellor he appointed and the Government and Politicians around him have the power and therefore the means to do whatever is necessary to help all of us and keep the Country in the best position going forward as it is possible to do so. But that is not going to happen if they are misguided by the self-interests and biases of the people and influences around them, rather than the Public at large – which should always be their one and only cause.

Extraordinary times require extraordinary measures on the part of the people that we have elected to lead us.

That means they must step up, read the situation for what it is in reality for everyone – rather than what they think it might be or what their advisers are telling them – and adopt a much bigger, realistic and worldly view.

Economic thinking is just another set of ideas that become real simply because it is the line that people choose to believe.

Economic theory is one that is founded on the idea that money must be kept flowing at all times as if it is a blood supply that cannot ever be stopped. It works and operates on the basis that money and the systems that support its generation are the only important thing.

It isn’t.

img_5348What economists and the people who have been influenced into thinking this way are failing to consider however, is there is something far more important than money – which is the people and the communities that we live in. And beyond their thinking and the ideas that they choose to accept, there is most definitely another and very clear way to approach this crisis which is an option.

As such they are currently making a choice. One that is all about profit or all about them.

It should be people first. Money when its sensible to return to it thereafter.

To deal effectively with the Coronavirus Crisis and without long term fallout for the many, the economy as it stands can be and should be shut down and stopped from operating in its current form.

Interest accumulation should be halted and a payment or repayment holiday imposed on everything – whether it is for domestic use or for business – so that EVERYONE is being treated fairly and just the same.

The Government should temporarily renationalise all essential utilities and services – that’s the ones that were sold off and should be in the hands of non-profit making management and ownership anyway – and simply take the steps and underwrite the supply to ensure that the essential services the public need are simply provided for the duration of the Crisis without the need for anyone to worry about how they continue to pay.

For the people who have been laid off, have had to stop trading, have had their hours zeroed out or have had their incomes stopped by the Coronavirus Crisis in any way, there  should be a basic income provided to cover the costs of food and essential items so that everyone is able to function in their homes and remain clean and healthy in every other way.

To do so would ensure that the people who have been left completely vulnerable and at the mercy of circumstances that they had no part in creating, are able to standstill and most importantly survive at the very least, without anything changing. They will therefore placed in the best situation possible to pick up and return their own lives to normality alongside those of everyone when the Coronavirus Crisis is accepted as being over and what will then become life as usual is once again ready to begin.

For the businesses and the workers who are able to continue working throughout the Crisis, the payment holiday that they will then all inadvertently receive will itself be a bonus and for many of them thanks enough.

Yes, the Government could and should now be doing this.

MPs, Politicians, Government Officers and Advisors must start thinking outside of their very tunnelled and out-of-tune Westminster box.

Just to begin with, these are preventative steps the Government should now take:

  • Ditch the £Multi-Billion plan for Grants, Subsidies and underwriting Loans
  • Stop Interest payments and accumulation of any kind
  • Stop Loan Repayments 
  • Stop Mortgage Repayments
  • Stop Rent Payments
  • Stop Leasing Payments
  • Stop Utility Bill Payments
  • Stop Phone Payments
  • Stop Broadband Payments
  • Stop TV Streaming Payments
  • Stop Insurance Payments without penalty for any function not in use whilst maintaining ongoing cover for capital value without charge
  • Stop any other form of contract subscription which is non essential in any form

And a here are some proactive steps that the Government should also begin by taking:

  • Provide a Basic Income to cover the cost of food and essential items for everyone, their dependents and the people they care for, who has lost their income as a result of the Crisis 
  • Provide a top-up for anyone, their dependents and the people they care for who’s income has been reduced to a level below that which matches that above
  • Take all former public services that were privatised back into temporary Government control
  • Provide gas, electricity and water to every household for the duration of the crisis without charge
  • Create legislation that outlaws profiteering or price gauging of any kind, with companies, their directors or the individuals fined heavily or jailed when charged
  • Create legislation that prevents any commercial or private interest seeking compensation or interest of any kind from anyone or any business who has not paid them for the duration of the crisis, in the future at any time.

Setting any of us up to fail in the long term as a result of implementing policies during a time of crisis that have not been through through will not be in the best interests of anyone. Least of all the Politicians who are failing us by coming up with such stupidity or  lack of foresight in the first place.

Fundamentally, the approach currently being taken is morally as well as practically wrong.

This National Crisis and the future of this Country of ours simply demands thinking from them that is new.

 

images thanks to unknown

 

%d bloggers like this: