There’s been a lot of stuff flying around about Jeremy Corbyn lately, so I thought I’d take a step back and take a long hard look a the man who is apparently leading the race to be the next leader of the opposition – well, if the SNP allow it that is!
Should Corbyn be elected – and that looks pretty much likely under the ‘business as usual’ democratic policies of Unite (that’s sarcasm, incidentally) it would represent the biggest lurch to the left in Labour’s policies since the days of Michael Foot in the 1980’s. Bye bye austerity, hello new financial crisis.
He plans to renationalise the railways and utilities, support nuclear disarmament, reunify Ireland, scrap Trident, change foreign policy to support groups like Hamas, scrap tuition fees and many more off the wall impractical ideas. Like scrapping the monarchy and making Britain into a republic – presumably with himself as Supreme Leader? Or is that Len McCluskey’s job?
The immediate question is, of course, how the hell does he propose to pay for it all? Well, a 7% increase in National Insurance and a rise in Corporation Tax for a start. Then there’s a 75% top tax rate.
The point is that the sums don’t even remotely add up so all the pain suffered across the board since Brown became PM and started destroying the economy will be just pissed up the wall and we’re back to dogma over practicality, brain not engaged.
Sound unlikely? Well, no it isn’t. You have to be as old as me to remember the ‘brain drain’ – all the wealthy people leaving the country in droves and taking their money and talents with them. If Corbyn ever becomes PM then it’ll happen all over again and history will repeat itself. I remember a time when the top rate of income tax in the UK was 90% under Labour and they had a lovely little 15% tax on top of that called the ‘investment income surcharge’. This meant that if you had any investment income, it was taxed at 105%. Yes, I really did say for every £1 extra you earn, you give £1.05 to the government.
No incentive, no investment. No investment, no growth. No growth, no jobs. Redistribution of wealth – the old Labour left sacred cow – simply does not work.
Think it can’t happen again? Corbyn doesn’t. He believes it would be a distinct advantage. Just remember the old saying :
“Moses said ‘pick up thy tools, mount your asses and I will lead you to the promised land’. Labour say ‘put down your tools, sit on your asses. This is the promised land.”
Some say that Corbyn as leader would keep Labour out of power for the next two elections at least. I say don’t risk it..!