With the first report of Baroness Hallett’s Covid-19 Inquiry out this week, this video is a lot more topical than Gary Stevenson may have expected.
It’s the fourth anniversary of the launch of his YouTube channel, so he took the opportunity to revisit the very first video clip he made for it, which was about – guess what? – the government’s efforts to mitigate the financial effects of the Covid-19 pandemic.
Those effects were much worse than they should have been, Baroness Hallett has said. And this means that the effects Gary described in his original clip were magnified several times.
Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!
Here’s what he had to say:
So there it is. We can see that he was absolutely right.
In a nutshell: the government paid the living expenses of a majority of people, meaning the rich business owners, who usually did that, didn’t have to – while continuing to accrue wealth from what the majority were spending on their everyday living expenses. So the rich became massively richer, the government went into serious debt (mostly to itself because it created most of the money it used), and the poor got poorer because furlough money was only 80 per cent of their normal wages.
The extra money the richest in society picked up because of Covid-19 may therefore be described as windfall cash.
Considering what the government has done to energy companies that made extraordinary profits on the back of increased gas and oil prices from 2022 onwards, one has to ask why the super-rich have not been asked to pay a windfall tax of their own.
Alternatively, what can be done to restore the balance?
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This video is a lot more topical than Gary Stevenson may have expected
With the first report of Baroness Hallett’s Covid-19 Inquiry out this week, this video is a lot more topical than Gary Stevenson may have expected.
It’s the fourth anniversary of the launch of his YouTube channel, so he took the opportunity to revisit the very first video clip he made for it, which was about – guess what? – the government’s efforts to mitigate the financial effects of the Covid-19 pandemic.
Those effects were much worse than they should have been, Baroness Hallett has said. And this means that the effects Gary described in his original clip were magnified several times.
Buy Cruel Britannia in print here. Buy the Cruel Britannia ebook here. Or just click on the image!
Here’s what he had to say:
So there it is. We can see that he was absolutely right.
In a nutshell: the government paid the living expenses of a majority of people, meaning the rich business owners, who usually did that, didn’t have to – while continuing to accrue wealth from what the majority were spending on their everyday living expenses. So the rich became massively richer, the government went into serious debt (mostly to itself because it created most of the money it used), and the poor got poorer because furlough money was only 80 per cent of their normal wages.
The extra money the richest in society picked up because of Covid-19 may therefore be described as windfall cash.
Considering what the government has done to energy companies that made extraordinary profits on the back of increased gas and oil prices from 2022 onwards, one has to ask why the super-rich have not been asked to pay a windfall tax of their own.
Alternatively, what can be done to restore the balance?
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Be among the first to know what’s going on! Here are the ways to manage it:
1) Register with us by clicking on ‘Subscribe’ (bottom right of the home page). You can then receive notifications of every new article that is posted here.
2) Follow VP on Twitter @VoxPolitical
3) Like the Facebook page at https://www.facebook.com/VoxPolitical/
Join the Vox Political Facebook page.
4) You could even make Vox Political your homepage at http://voxpoliticalonline.com
5) Join the uPopulus group at https://upopulus.com/groups/vox-political/
6) Join the MeWe page at https://mewe.com/p-front/voxpolitical
7) Feel free to comment!
And do share with your family and friends – so they don’t miss out!
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Buy Vox Political books so we can continue
fighting for the facts.
Cruel Britannia is available
in either print or eBook format here:
The Livingstone Presumption is available
in either print or eBook format here:
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
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