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What's going to happen after Coronavirus?

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What's going to happen after Coronavirus

Where are we going when Coronavirus fades away and the government has run its course in keeping us at home.The sheer economic disaster coming and affecting everyone is already being discussed by some MPs. One remedy is to impose a one off wealth tax. The idea is that everyone – households and businesses, rich and poor – has to pay a sum equivalent to a chunk of their net assets. This would reverse taxation regimes across the world which tax income far more than the taxation of wealth.

Ed Conway, the economics editor at Sky News, writing in the Times, roughly calculates that a one-off 10 percent levy on all household net wealth in the UK would generate over £1 trillion ($1.24 trillion) of revenues. That would be enough to pay off all the costs of Covid-19. It would provide for the NHS for generations and reduce the national debt from wartime levels to something more like normality. 

The government reduction plans for local authority council funding on the basis that the shortfall can be made up with councils keeping the collection of business rates now looks a dead duck.

The desire to give us all an identity card accompanied with a vaccination certificate looks pretty certain. Get ready for all citizens to be given a free smartphone and be fined if not carried on one's person at all times to enable tracking at all times.

This quote says it all:

“The telephone was not his favorite object, and more than once he had considered getting rid of his. What he disliked most of all was its tyranny. Not only did it have the power to interrupt him against his will, but inevitably he would give in to its command.”
― Paul Auster, City of Glass

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This has been the worst economic issue in my lifetime, I think it will take years to get over this to be honest.

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Interesting interview with Dr David Starkey, a man who is normally looking back at history, but here giving his views on the present state of affairs.

 

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Yes he is talking sense but the trouble is Ragwert most people whose attention span is a nano-second wont give it a second glance. There too busy waiting for the next cat video. Maybe Vernon should consider having a feline on his lap as click bait.

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