Friday, February 7, 2014
"Subsidies to the rich cost us much more than benefit fraud." "We have to talk about too-big-to-fail banks that continued to be subsidised by the state to the tune of Ã‚Â£38bn per year. About tax avoidance by corporations and rich individuals that costs us Ã‚Â£25bn per year year. About the scandal of landlords renting former council homes back to councils at an average premium of Ã‚Â£3,000 per year. And we have to talk about poverty pay by rich companies that leaves millions dependent on in-work benefits and tax credits at a cost of at least Ã‚Â£1bn per year." "Parasite Street is an indication that people would be angrier about subsidies to the rich, if only they knew."