Thursday, 6 August 2015

"RBS Shares sold for £1 billion pound loss over night as tories kick-off state sell off bigger than Thacher"


Just to unpack this headline: shares in a bank that was bailed out by the British taxpayer whenit nearly went bust were sold off to wealthy bankers at knock down rates.  The upshot is that those same bankers, probably some of whom nearly bust the bank in the first place, are set to make massive profits, profits that have been subsidised by the British taxpayer.  Yet again the wealthy have screwed the working people of this nation.  Once again the 1% or so (capitalist class), with most of the wealth, have syphoned off some more of the money that has been earned by the hard work of the 99% (working class). 

These stunts are happening all the time.  This is not an isolated incident.  It is a strategy that is designed to shift wealth up to those few who already have most of it in the first instance.

What can be done?  Look, understand how they swindle and cheat, and tell everyone you meet about it.  When the 99% get wise, the 1% will face what's coming to them; having to share.   


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