As a follow up to my last letter
["Speaking from experience,"
Letters, TBT #569, Aug. 16 - 22] I
would like to make some suggestions
for consideration and
debate.
To cure runaway inflation
some of the following would help.
Firstly, put a credit squeeze in
place 's this would bring a lot of
consumer spending under control.
Secondly, put a freeze on
prices, and at the same time
freeze wage rises.
Now what else could one do?
Well, one could make public land
available to the construction
industry on condition that, as
well as building expensive properties
that few can really afford,
they would have to also include
affordable housing in their plans
at the start, not as an add-on or
afterthought. This works in
London, why not here?
And let's not forget interest
rates. These should be raised by
income so the high earners who
can afford them should be made
to pay more instead of getting tax
experts to work out the angles for
them.
Then not last, people in government
should be held accountable
if they are not up to the job.
Sack them and get people that do
know what they are doing. There
must be many people in this
country who could do a far better
job then the ones in office at present.
And newspapers bear some
responsibility also. They seem
unable to scream headlines when
people who should not be in certain
positions are, and no one
seems to care what they do. Or am
I wrong? I do hope so!
As an ex-businessman who
had his own investment company
I always put my clients' trust in
me first and safeguarded their
interests above all else.
Will the
government ministers do the
same for [their] people? I strongly
doubt it.
...My last message to them
would be, "If you can't stand the
heat, stay out of the kitchen."
P.S. I guess I should add I am
lucky to be one of the 5 percent
who can afford to sit things out.
