It is Obvious

Chris Rick has got altogether too much to say

Pile ’em high. Sell ’em cheap.

Posted by chrisrick13 on July 28, 2014

It is obvious: I don’t know what I’m doing

Some councils are proposing a ‘Tesco Tax’.  The reasoning behind this tax is: large supermarkets only leave 5% of their income in the local community while small shops leave over 50%.  It is not right that these large corporations suck money out of the local population to line the pockets of…shareholders.

Quite right.  Why should people who invest in businesses, and thereby create them, get any reward for the risks they have taken.

So with the Tesco Tax the local council will get hundreds of millions of pounds that…what?  This is where it falls apart.

Faced with this tax what will Tesco do?  Either it will go somewhere else or it will put its prices up.  Either way in the local stores or in the newly priced Tesco the consumer will pay more to live.

So what does this tax effectively do?  It takes money from every person and gives it to the local council to spend.

Thankyou very much but I’d rather spend my money than let a bunch of incompetents in the council spend it for me.  I can see a lot of the money being spent on soup-kitchens for the borderline people who find they can no longer feed themselves because food prices have gone up.

It is painful for a lot of people to accept that life is not equal and some people will make a lot of money doing things like starting Tesco.  The result is that a lot of people get low-priced food.  Particularly as the big supermarkets do compete on price.

What I do know is that in general things run better when smart people do it and elected officials do not.

It is obvious: I don’t know what I’m doing but I’d still rather make my own mistakes


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