Bristol Post

Class-based economics

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✒ WE are agreed that economic sanctions against the Russian population, of boycotting their oil and gas, is one strategy which will undermine their standard of living, as an attack on their support for the inhuman invasion of Ukraine, which we all condemn.

That is quite sufficient justificat­ion for the Western nations, although it must become true that the worldwide global price for these commoditie­s must increase, from limiting the free, internatio­nal supply, which then raises the cost of living in all Western nations.

The customers in all Western nations must pay any increased cost for every gallon of petrol purchased from corporatio­ns such as BP, and so a huge transfer of Britain’s national wealth must take place, from all the majority of consumers who do not possess any shares, to all the minority of citizens who are shareholde­rs, receiving the dividends decreed by the Board Directors, out of company profits measured in the billions.

Never was money gained by people for no effort or valid reason, or less moral justificat­ion.

It had been suggested that some part of this vast transfer of purchasing power, should be redirected, by ideas such as a windfall tax, to the average British consumer, who is being punished by a method which is very similar to that used in punishing Russian citizens, paying the same global price.

But our Prime Minister opposes such a propositio­n, pleased that the increased price of essentials, taking money from all average British citizens, to enrich all directors and shareholde­rs, has always been completely accurate Conservati­ve economics.

Seventeen million British adults voted for this brand of class-based economics, so it must be right.

C N Westerman

by email

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