Government Legalised Theft
Yesterday, the Government announced that unclaimed money from ‘abandoned’ British bank accounts will be used to fund the building of ‘a youth centre in every town’.
The Government’s reasoning is that if they create a large number of very expensive youth centres, teenage thugs and ruffians will just suddenly stop causing trouble and enjoy using the new facilities instead.
Apparently many youths go out and cause ‘trouble’ (government speak for getting drunk, beating up other people, causing criminal damage to property, etc) because they have nothing to do. It’s not their fault you see. The fact that there are many other children who have ‘nothing’ to do and yet do not go around breaching the law does not seem to register as applicable to a government and a Labour party that just loves to waste your money on pointless and ineffective schemes.
But that is not really what this post is about. This post is about how the Government are attempting to legalise the theft of private money so that they can waste it on further unnecessary state projects, and unfortunately, this plan has been on the cards for sometime. With most British pension plans already pillaged and with government borrowing and taxation at unprecedented levels, Gordon Brown has been forced to pursue new ways of raising money for yet more unnecessary and wasteful government spending.
Currently the plan is to allow the Government to claim any money in any UK bank account, so long as it has remained dormant for fifteen years. Apparently there is £15bn of such money is stashed away in UK bank accounts. However, what individuals do with their own money is up to them. If they wish to keep money in an account for fifteen years or more, then that is their right. The Government should not be able to take an individual’s money whether they wish to make use of it or not. In the event that a person dies and leaves money in an account, then the bank should make efforts to trace the relatives of that person’s family and they should receive the money.
The government has plenty of other nasty ways of taking money which they have no right to – inheritance tax being a perfect example. Legalised theft from private accounts should not be another way.
