Spread na­tion’s as­sets wider

Glamorgan Gazette - - Your Views -

THE UK Tory and Brexit men­tal­ity, as fed to the na­tion by a right-wing na­tional me­dia, pre­vents most cit­i­zens reach­ing a bal­anced un­der­stand­ing of eco­nom­ics.

This is most ob­vi­ous to sen­si­ble peo­ple, in the present dis­cus­sion of a pub­lic sec­tor pay cap, as part of a govern­ment aus­ter­ity pol­icy, which hon­est economists would recog­nise as salary cuts and de­lib­er­ate im­pov­er­ish­ment over nine years.

The silly dis­cus­sion, such as it is, is lim­ited to com­par­ing dif­fer­ent wages in the coun­try.

And yet we know the “landlord class”, those who own most of the prop­erty in this econ­omy, has been en­riched by this eco­nomic pol­icy, at the ex­pense of wage-earn­ers.

Even adults with no com­pre­hen­sion of pol­i­tics, know prop­erty prices and rents have gone up, to the ex­tent that mil­lions will never own their own home, at the same time that wages now pur­chase less than they did.

There has been a huge trans­fer of wealth, from the poorer sec­tions of so­ci­ety to the richer sec­tions. I am as­ton­ished so many adults are so eas­ily mis­led, be­cause they were never taught that a healthy econ­omy ben­e­fits im­mensely from a wider spread of na­tional as­sets. Neville Wester­man Brynna

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