Why not cap dividends, profits and wealth?

THIS summer and winter are being labelled as the summer and winter of discontent due to workers asking for a pay rise that reflects and rewards them and enables them to live adequately without choosing between heating or eating.

It is not wrong or greedy for workers to ask for double-digit pay rises. A Resolution Foundation has produced results that show UK families are, on average, £9,000 worse off than those across Europe. Wages are down five per cent from 2008 and inflation is up at 12 per cent with predictions saying it will rise to 18 per cent. The combined wealth of the UK’s billionaires has risen by nine poer cent. Shareholders’ dividends have risen by a huge 20 per cent and profit margins for the UK’s biggest companies have risen a massive 73 per cent compared to pre-COVID levels.

The lies that we are being given by this Tory Government saying pay rises will drive up inflation is simply not true, rather it is the rich who are the ones who are pushing it up. Give workers higher pay and they will spend it, give the rich more money, by bringing in tax cuts, and they will bank it or invest it to raise more money for themselves.

Why not cap dividends? Why not cap profits? Why not cap wealth?

Bring the Energy Companies back into public ownership, this time employ the CEOs and their teams who are enabling these huge profits only put this back into the company to enable bills to be lower. All the dividend payments could be kept in the company and this will also help keep bills lower.