Austerity Is Not Working: Tax The Rich, Invest In Jobs
Next weeks budget will see further drastic cuts in the living standards of workers, the unemployed and the poor. Since the onset of the crisis in 2008 government policy has focused on bailing out banks and speculators and making the working class pick up the bill.
Hardly a cent has been taken from those who have the real wealth in society. The effect of this policy has been lengthening dole queues and impoverishment with rising inequality in a society that was already deeply unequal. The wealth of the super-rich has increased throughout the crises. Despite promising otherwise the Labour party in government is continuing with the programme of austerity at
the behest of the EU, the IMF and the ECB. While govelling to the super-rich tax-exiles, by inviting them to the Farmleigh Conference, Labour Ministers are imposing hardship on pensioners and the poor by removing heating units and cutting benefits. Labour has caved in to the demands of the markets.
The only way out of the current crises is to generate real economic activity and create jobs. The policy of austerity has been a disaster for ordinary people and has been a total failure.
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