A Tax On Oxygen & Campaign Launch

05/03/2009 by Steve Tierney.

A Tax On Oxygen
I’m sitting here reading the news that the Bank Of England has, today, begun its ‘Quantitative Easing’ (Printing Money.) We’ve all known it was coming. I’ve personally dreaded it because its a short-sighted and exceptionally dangerous thing to do. Trying to explain to people who aren’t interested in economics why money-printing is bad news is difficult because its easy to get bogged down in ‘clever’ terminology and mathematics. But everybody instinctively understands that you can’t conjure money from thin air. Not without serious consequences, anyway.  If you could, we all would.

The real truth about Quantitative Easing, as I’ve said before, is that it is a stealth tax. Every pound ‘printed’ devalues every other pound in the world. The more you print, the less the existing pounds are worth. So every time the government ‘invents’ another lot of cash, they are stealing directly from your pockets and from your bank accounts and from your future earnings. If you have UK Pounds stirling there is no way to avoid this stealth tax and since the Bank Of England has expressed their intention to continue printing each month this is an ongoing cumulative tax on us all. No specific one activity is being taxed, you can’t escape it and it’s not targeted at a specific industry or goods. Consequently, the best way to view it is as a tax on the air we breathe. That too would be inescapable and ongoing in the same way. I wonder if the government would get away with it if people made that comparison more often?

Campaign Launch
I’m presently working on the wording and photographs for my forthcoming campaign as County Councillor for the Roman Bank And Peckover Ward.  I’m standing (as you might guess) as a candidate for the Conservatives.  If anybody who reads this blog is interested in volunteering to help with the campaign; deliver leaflets, canvassing and other assistance, I’d gratefully welcome your help!  Give me a call on 07831 616127, or email me on me@stevetierney.org
The areas my ward includes are Wisbech North, Leverington, Gorefield, Newton and Tydd St. Giles, all in Cambridgeshire.

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