The Revolution
The French called “To arms, citizens!” and then stormed the bastille.
The Americans threw our tea in the sea and then declared their independence.
Yes we can!
We can do anything!!
When the people organise: there’s no force in the world that can stop them!
Adam Smith
Adam Smith favoured competition and non oligarchal free markets which promote the incentive to work, innovate and invest. He favoured the voluntary exchange of goods, services and labour.
He was a philanthropist who wanted to improve the condition of the working poor: “No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.”
He was against our wealth being concentrated at the top. He was a vocal critic of the rich and powerful who manipulate laws for their own gain at the expense of the public…
‘Trickle Down’ Economics
Supply-side ‘trickle-down’ economics is not an Adam Smith idea. It is a 20th century idea perpetuated by megacorporatons to justify their wealth hoarding. It does not generate more money. It decreases the amount tax money paid to HMRC. For example…
Starbucks
Starbucks has hollowed out the coffee shop market and reduced competition. The demand is generated by the people who drink coffee in the UK. Starbucks dominating the market does make people drink more coffee. As Starbucks’s market share got bigger, the demand stayed the same. The workers in the coffee shops still get the same minimum wage.
Tax avoidance strategies used by megacorporations and wealthy individuals costs the UK an estimated £25bn annually. These strategies include: intellectual (IP) property royalty tax avoidance, tax loopholes, tax havens, base erosion and profit shifting (BEPS).
Adam Smith Progressive Taxation
“It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion." This is Adam Smith Progressive Taxation.
Adam Smith Progressive Taxation Table |
|||||||
| Coffee Shops
Farms Rental Property |
% Tax | Coffee Shops
Farms Rental Property |
% Tax | Coffee Shops
Farms Rental Property |
% Tax | Coffee Shops
Farms Rental Property |
% Tax |
| 1 | 20 | 6 | 40 | 11 | 60 | 16 | 80 |
| 2 | 24 | 7 | 44 | 12 | 64 | 17 | 84 |
| 3 | 28 | 8 | 48 | 13 | 68 | 18 | 88 |
| 4 | 32 | 9 | 52 | 14 | 72 | 19 | 92 |
| 5 | 36 | 10 | 56 | 15 | 76 | 20 | 96 |
Coffee Shops
According to the above table, Starbucks will have to close all but about 10 of their 1,400 shops to remain profitable in the UK. The demand for coffee stays the same, so the same shops will be re-opened by the former Starbucks employees with a new sign on the front. These minimum wage workers will now be elevated to business owners and take their slice of the market. These new business owners will then have more money in their pockets to spend on goods and services. This will generate more tax money for HMRC.
Farms
Adam Smith Progressive Taxation will apply to UK farms, so owning more than about 10 farms will become unprofitable. The owners of these farms will therefore sell them off. Everyone selling farms will drive down the price of these farms which will be good for the tenant farmers who will now buy them. The tenant farmers will now be elevated to farm owners. They will now have their share in the market and therefore have more money in their pockets. This money will be spent on more goods and services, causing growth for the UK industries and generating more tax money for HMRC.
Rental Property
The same will happen for owners of residential properties being used for renting. Owners of more than about 10 properties will find it unprofitable due to Adam Smith Progressive Taxation. They will therefore sell off these unprofitable properties. Everyone wanting to sell will make it a buyer’s market and house prices will come down. People will be able to buy cheaper houses and therefore have more money in their pockets to drive the UK economy.
All Other Industries
Adam Smith Progressive Taxation Tables will be tailor made to suit all other industries. They will be implemented one industry at a time to allow the UK economy and supply chains to adjust. The wealth will now pool at the bottom. Tesco stores will be closing down and bakeries, butchers and greengrocer shops will be springing up in our towns and cities. B&Q stores will also be closing down and DIY shops will be opening up everywhere.
Consumer Choice
Ironically, another reason that wealth pools at the top is you! For example, you go on Amazon to buy your fridge magnates instead of buying from the man who sells them from his garage. Adam Smith Progressive Taxation will mean that fridge magnates will be too expensive on Amazon. You will therefore look further down the page on your browser and find the man who sells them from his garage. Amazon will get smaller and the fridge magnate man will get bigger.
A Nation of Business Owners
Adam Smith Progressive Taxation will turn a nation of shelf stackers into a nation of business owners. This now affluent population will spend their extra money in the UK economy, the UK economy will grow and more tax money will be generated. This tax money will be used to pay off the national debt and then fill the National Grain Store…
The National Grain Store
The Egyptians had a National Grain Store to get them through their hard times. When the hard times of Covid came, our government had to borrow over £400bn to keep our economy going. This is an example of the human race having learned something and then having forgotten it.
As well as the National Grain Store, the remainder of each household’s income will go into their own Grain Store. Like the Egyptians, this will enable each household and the government to survive the next hard time.
Political Party
The difference with the Restitution Party is that we are a political party, not a pressure group. You will register it, administer it and you will be the candidates for the MPs. The best person amongst us will be voted to be the party leader. We will implement Adam Smith Progressive Taxation when we win the next general election.
Conclusion
Now that you’ve finished reading this mandate for The Revolution: what you gonna to do about it? Eh?? Are you going to keep on carrying that rich man on your back, or vote for the Restitution Party and repossess your wealth?
Instagram Groups
You can follow these groups to connect to The Revolution and sign up to their newsletters:
38 Degrees UK , Share the Wealth , The Equality Trust , Tax Justice Network , Everyone Hates Elon , Tesla Takedown , Andy Burnham , Green Party , Zack Polansky , People’s Chancellor , Make them Pay , New Economics Foundation , World Inequality Lab
Books
Kate Pickett: The Spirit Level , The Good Society
99% book explains that during the last few years even though the economy has grown (measured by GDP), most people have become poorer (mass impoverishment)
News
The media are in the same sphere as the megacorporations, so you can find your news about The Revolution here: The Nerve , Byline Times , Bylines Network
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