Opinion – How the US fracked OPEC: Oil enters new era – Sydney Morning Herald – John Gelmini

English: Keep Calm and Carry On UK government ...

English: Keep Calm and Carry On UK government poster (Photo credit: Wikipedia)

Let  me try to address Dr Alf’s question namely:

Who is to blame for motorists not getting the full benefit of lower oil wholesale prices? Is it the oil majors or governments with inflated taxation?

It is the owners of the major oil companies, the owners of products made from oil and the governments which they control.
This means in effect the Rockefellers and Duponts.

The NHS in the UK is funded out of Petroleum Revenue Tax and the “good causes” portion of National Lottery tickets.
The NI fund went into insolvency in 2000 and now because of hidden unemployment and so-called self-employment income tax receipts are down.

This is why the UK Government does not want petrol and diesel prices to fall any further and why it is secretly keen for legal and illegal immigration to go on rising. These extra people will do the jobs that the indigenous population refuse to do and will pay tax which the Government plans to use to fund the black hole in the Nation’s finances.

John Gelmini

Spend your old age caring for the even older generation – Telegraph

This is a must-read article from the Telegraph. Check it out!

via Spend your old age caring for the even older generation – Telegraph.

This story highlights the crisis in caring for the aged in the UK. Where, until recently, there was support from local government, now the responsibility falls on the children of the aged – often these children are approaching retirement.

Of course, the other aspect of the crisis is that whilst people are caring for aged parents, they are unable to work, so there’s a double financial burden:

  1. Loss of public healthcare; and
  2. Opportunity cost of lost earnings, whilst caring for parents

With George Osborne about to announce his latest Budget to the UK parliament this week, once again, I worry deeply about about the abuse of austerity. Osborne has used the bacon-slicer which has cut public services but has been slow to effect genuine reforms that would genuinely reduce costs whilst maintaining public services.

Let me ask an open question:

In your view, are there more effective policy options for old age care in the UK?