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 we the people organise: there’s no force in the world that can stop us!
Adam Smith
Adam Smith was in favour of competition and non oligarchal free markets which promote the incentive to work, innovate and invest. He was also in favour of 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 the laws for their own gain...
‘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 which goes hand in hand his non oligarchal free market.
Adam Smith Progressive Taxation Table |
|||||||
| Coffee Shops | % Tax | Coffee Shops | % Tax | Coffee Shops | % Tax | Coffee Shops | % 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.
Amazon
Ironically, the main reason that megacorporations continue to exist 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. Another Adam Smith Progressive Taxation Table will be introduced so that products will become 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 shrink and the fridge magnate man will grow.
All Other Industries
Other Adam Smith Progressive Taxation Tables have been tailor made to suit all of the other industries. They will be implemented one industry at a time to allow the UK economy and supply chains time 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.
The 'Invisible Hand'
Adam Smith Progressive Taxation will turn a nation of shelf stackers into a nation of business owners. The 'invisible hand' of personal ambition will drive the UK economy. The now affluent population will invest their capital in growing their businesses and also buy more goods and services in the UK. This will cause growth for the UK industries and generate more tax money for HMRC.
Starbucks, Amazon and other megacorporatons only invest in the UK so they can then take their profit overseas. We generate the demand for our goods and services and small UK companies will supply this demand.
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 £313bn to keep the UK going. This is an example of the human race having learned something and then having forgotten it.
The extra tax money gained from an affluent population will be used to eventually pay off the national debt and then fill our National Grain Store. As well as the National Grain Store, part of each household’s income will go into their own Grain Store. Like the Egyptians, this will enable the government and each household 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 on Instagram 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 , 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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