Major Rise In Net Migration To UK

I'd be absolutely astounded if the government aren't giving you money Jonno

 

That's not entirely true - on the Libertarian right we're all for deposing the resident poor with foreigners who can do a better job for cheaper

 

The £500 would lose most of it's value through instant inflation.

 

Yes it would - this is basic economics Toby, monetary value vs the price of goods only holds while there is a certain amount of money in the system. There would be a million problems with just taking assets off someone and turning it into cash to give someone else. To liquidate the huge assets of the Rothschilds there would be instant value reduction since someone would have to buy the assets -and trying to liquidate a lot of assets at once usually requires you to accept a lower valuation -I've knocked £2m off the market cap of a company trying to sell £13k worth of shares at one time (and I only got about £10k for them at the lower rate), if someone had of tried to sell £1m in shares at once the market cap of that company would have collapsed. Net worth is not easily transferable into cash (as we seen by the government bodging it by getting about £1 billion too little for Royal Mail - imagine it was trying to liquidate £3 trillion instead of £3 billion).

If we somehow successfully got £3 trillion of cash (which I don't believe the Rothschilds have in assets) and handed it out it would instantly lose it's relative value to goods - China has $3 trillion of US cash reserves (holdings and securities) which it is finding extremely difficult to get rid of without just about doubling the value of its own currency, its trying to diversify it's foreign exchange holdings to other currencies and slowly leak money back into the system so it doesn't kill its export economy by pushing internal prices up. Dumping about $4.5 trillion of cash into people's hands will cause a huge shock to the system (for comparison there is only about $1.2 trillion of liquid cash in the US).

I said before the super rich are a problem - but it's not a simple problem to fix (you can't just Robert Mugabee it and give all the white owned farms to black people who have never farmed in their lives - causing a collapse in production and a huge famine).

 

I just explained that they don't have all that cash, only assets, like the white farmers in Zimbabwe owned a lot of assets before Mugabee had the same (maybe even noble) idea as you. Anyway I see what you are getting at and agree with what you are trying to achieve - it's just not very simple to achieve. We have to be very very careful that we don't violate property rights - something like 80% of job creation in the UK is coming from entrepreneurial start ups rather than existing companies and entrepreneurism completely dies inside states with extractive governments who don't respect property rights - for instance no investor will touch Zimbabwe now because property rights have been violated by the government - next door in Botswana the economy is growing massively because the government is protecting property rights and fairly distributing the wealth that is being dug out of the ground (more important than anything else there is low levels of state corruption - bad governments are the single biggest reason why the bottom billion in the world are stagnating and poor, not the hoardings of the super rich - you can find an excellent book on the subject here http://www.amazon.co.uk/The-Bottom-Billion-Poorest-Countries/dp/0195374630).


I wrote a huge post before on how wealth is not zero-sum, how it can be created from scratch and it's very important that we don't break the creation cycle in trying to redistribute the wealth that has already been created.