HIGH ENERGY COSTS NOT THE FAULT OF THE OIL BUSINESSES

IN RESPONSE to calls for a windfall tax on the profits of oil companies, it is not the fault of private companies that we are saddled with extortionate energy costs.

If we traded freely with all oil producing countries our energy costs would be much lower as would inflation.

The root cause of high energy costs and inflation eroding people’s income and savings is an incompetent Socialist government like Johnson’s Tories. Get rid of the many guises of Socialism and the economy will boom.

A windfall tax on the profits of companies would boost the government coffers, to be frittered away on yet another Tory vanity project providing zero benefit for the hardworking British taxpayer.

In fact, a windfall tax on the oil companies would take money from the pockets of hard-working people struggling to cope with Johnson’s Socialist government’s self-inflicted poverty plan.

This is because working class people, whom Labour allegedly represent, contribute to workplace pension plans which inevitably invest in oil conglomerates like Shell and BP.

So, everyone of us who works for a living has a stake in the oil companies. We lend them our money, via savings schemes, for them to make us more money in the form of capital gains and regular dividend payments. Share ownership provides Labour and Tory voters with an independent income stream and self-reliance.

People providing for themselves without government intervention doesn’t bode well with the Tories or Labour. They both want people totally reliant on government, hence Johnson’s plan for high energy costs, high inflation and irresponsible public borrowing.

It is time we all realize this fact and stop voting for either of them.

Robert Parker