Profits should benefit all
This sort of solution is often derided by the political establishment, but only because they all accept the dogma of free-market economics. This year has seen a number of big companies declare their largest profits ever, at a time when the stock market has been in the doldrums and workers have seen attacks on their pensions, low pay rises and record levels of debt (one source of the bankers’ wealth).
The main parties compete with each other to keep company taxation as low as possible. Why? Only the Scottish Socialist Party wants to tax wealthy companies to provide the funds for essential public services.
The figures of big company profits show how easy it would be to put a fraction of that cash to work for the common good instead of private greed.
JOE HARTNEY
Wester Broom Gardens
Edinburgh