Bob Jones on Brexit

“My life is ruined,” cried a marcher to the television interviewer. It could have been worse. She might have had the terrible misfortune to be born in Canada, the US, Australia, Japan or New Zealand and endured the grinding poverty borne by those non-EU nations’ inhabitants.In the subsequent furore a NZ Herald correspondent proposed that older folk should not have been allowed to vote on a decision that largely affects the young, because their lives are almost over. On face value that’s a logical argument but why stop at Brexit? The same reasoning applies equally to our elections, except that a few problems arise.

First, throughout the western world since the turn of the century, the young (and the economic under-class, inaccurately blamed for Brexit) no longer vote in general elections. For example, unsurprisingly, the lowest Brexit turn-out in age sectors, specifically 36%, came from the 18-24 year olds, now griping about the outcome.

In my view that recent years non-voting by the young and the underclass is an excellent development as both groups share two behavioural traits, being laziness and ignorance. Far better they carry on with their primary concerns, respectively Facebook and the pub. And if you think that’s harsh on the working class, then consider one hard fact. That is that the main distinguishing point work-wise, between the so-called working class and the prosperous middle class folk  is that the latter work much longer hours, a key factor in their relative prosperity.

I won’t bore you by re-litigating the Brexit issues other than to say there were four principal considerations, each with emphatic, albeit opposing, sensible Leave or Remain outcomes. I was in Britain a week before the vote and concluded that if I were a Brit, I’d vote for Brexit.

Remain campaigners were either self serving or driven by the fear of no longer being at the biggest trough in town.  

The fear-mongering by the Remain camp was frequently insultingly dishonest, descending to a hysterical level with David Cameron’s third world war warning should Britain leave. So too Chancellor George Osborne with his ‘Vote Brexit and I’ll have to immediately lift taxes’ threat. They did and a week later he announced he was going to lower corporate taxes to 15%, drawing cries from the Continent of creating a tax haven. And it was that never discussed tax factor, that was my ultimate reason for siding with Brexit.

In the pursuit of competition governments come down hard on monopolistic activity and its price-fixing offspring, with heavy penalties for offenders. But they don’t apply this worthy objective to themselves. Indeed, a week before the Brexit vote, Cameron attended a multi-nation conference aimed at combatting tax havens. Bogus nominal headquarters on a tropical island is one thing but multi-government de facto conspiracies to establish uniform punitive tax regimes, an inevitable evolution with the EU’s historic undemocratic, imperialistic trending, is quite another. Indeed we’re currently seeing the value of tax competition in our neck of the woods.

[…] So too the nonsense about post-Brexit Britain no longer having any say in rule-making pertaining to its exports into the EU nations. For God’s sake, Britain exports to at least 150 nations outside the EU and is subject to rules it has no say in. It exports to New Zealand and must comply with our various product safety, quality, content, labelling, health standards, and other dictates, all sensible, doubtless similar to their own and presenting no difficulties.My view is that after an initial untidy post-Brexit period, Britain will boom. And if that leads to an independent Scotland, as I doubt but would like, then both new countries will thrive apart.

I especially like Scotland’s prospects as an independent nation for reasons irrelevant to this article. Furthermore, I’ve put my money where my mouth is, we having opened the first of our two planned offices in Glasgow and Edinburgh, and bought our first office building there. We’ll lose one tenant, namely the Bank of England, if Scotland breaks away but that’s neither here nor there in what I foresee as a golden age ahead. And a golden age for my company as we exploit the inevitable Funds and Institutional panic and relieve them of their buildings at give-away prices.

When people put their own money in it, you can trust their views more than all the talking heads on TV and the small brained politicians selling snake oil.

 

– Bob Jones, via NBR

 


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