The Best is No Longer Yet to Be

All over the western world the rich are getting richer and the less rich are getting less rich. A person who has invested in education is less able to become a reasonable wealthy person than at any time in the last hundred years. It is harder than ever to earn enough money to be able to buy a house, live as well as your parents or even live as well as your parents lived. Of course there are exceptions but generally people are getting poorer while corporations are getting wealthier. After many generations when most people lived better lives than their parents (give or take the occasional world war) most expect succeeding generations on the Western democracies to live less prosperous more hard working lives with considerably less hope than  the lives their parents lived. Continue reading

Odd Things – Tax Paid by Giant Corporations

Starbucks, Google, Facebook, Vodaphone, Barclays and other multinationals pay no or very little corporation tax on the profits of their enterprises in the United Kingdom. This is because they do not make profits in the United Kingdom, for corporation tax is paid on the profits of corporations. Nevertheless they turnover billions of pounds in the United Kingdom but make technical losses here and therefore have no corporation tax liabilities. Continue reading