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The PalArse of Westminster

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Exposing the hypocrisy, greed and incompetence of our "respected" elected political "elite".

Wednesday 4 April 2012

Big Society Capital Theft



Question: When is theft not theft?

Answer: When the government is the thief!

David Cameron, desperate to prove that the "Big Society" isn't merely a spin master's coke addled dream, has today launched the Big Society Capital.

This is a bank that will lend money to charities and community groups. It is funded with £400M stolen by the government from dormant bank accounts, and by £200M funded by other banks.

This makes "good" Cameron's promise in 2010 that he would launch such a bank. However, as I noted at the time:
"- The cash being used to fund the "Big Society" is not the "elite's", the raid on dormant accounts is in fact a form of taxation.

- The Big Society Bank will of course be controlled by the politicians, or their chosen appointees.

I wonder if the government will be able to keep their sticky little fingers off the millions that will be hoovered up by the Big Society Bank?
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Just remember folks when the government steals your money it isn't theft, it's redistribution for The Big Society!

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