THE loony Left is back with a vengeance.
The acrid stench of class war hangs in the sea air over Brighton, where Labour is holding its annual conference.
With dogmatic contempt for freedom, enterprise and ambition, the activists in Jeremy Corbyn’s party are now plotting a massive Soviet-style takeover of British life by the state.
Nothing better illustrates this mood of revolutionary zeal than the conference’s decision to demand the abolition of independent schools, forcing them all into the bureaucratic grip of the public sector.
It is an outrageous, dictatorial move, straight out of the Politburo playbook.
Labour tries to justify the decision with the fashionable language of social justice, but in reality the policy is driven by malicious envy and hatred of success.
It not only represents a brazen attack on opportunity but also shows Labour’s arrogant disdain for that most basic of human impulses — the desire to do what is best for your family and children.
What Labour has launched in Brighton is a campaign against aspiration.
Tony Blair was an election-winning leader because he understood that decent, hard-working people want to take pride in their achievements.
He knew that there is nothing wrong with wanting a higher salary, a bigger home, a better car or improved schooling for the kids.
But Corbyn’s socialist hardliners treat such dreams with contempt.
WHIFF OF HYPOCRISY
On every front, their plan for a ban on private schools is a disaster.
Financially, it would cost taxpayers around £7billion a year through the extra burden on the state system, as well as the loss of tax revenues from the independent sector.
Legally, it is probably unworkable because it infringes basic human rights to liberty, conscience and family life.
Educationally, it will lower standards for all because of the absence of any private competition. That is made even more likely because of Labour’s scheme to ditch Ofsted, the schools inspectorate.
Over recent decades, Ofsted has played a vital role in improving standards and providing information for parents.
But Labour is more interested in appeasing the big left-wing teaching unions — which loathe Ofsted because of its insistence on rigour — than in fulfilling the real interests of families.
Yet there is a nasty whiff of hypocrisy about Labour’s rhetoric on equality and fairness, since several of the key figures in Corbyn’s circle sent their own children to private schools.
So Shami Chakrabarti, the Shadow Attorney General, put her son through £21,246-a-year Dulwich College, while Valerie Vaz, the Shadow Leader of the Commons, paid for her daughter to go to £20,835-a-year Latymer Upper.
When it was revealed that Diane Abbott, now the Shadow Home Secretary, sent her son to the City of London School, where fees are currently £18,939 a year, she shamelessly tried to close down any debate on the subject by playing the race card.
“West Indian mums will go to the wall for their children,” she declared, as if other parents do not feel the same way. The double standards are breathtaking.
Diane Abbott sent her son to the £18,939 a year City of London School[/caption]
Shami Chakrabarti’s son went to Dulwich College where fees are £21,246 a year[/caption]
Valerie Vaz paid for her daughter to go to £20,835-a-year Latymer Upper[/caption]
Abbott and her ilk want to deny to others the advantages they enjoyed themselves.
It is a classic example of the left-wing mentality, “Do as I say, not as I do.”
That is exactly what used to happen in the former Soviet Union, where the ruling elite wallowed in privilege while demanding ever greater sacrifices from the masses oppressed by communism.
Labour’s proposal for the abolition of private schools is just part of the hard Left’s strategy for Britain to become a socialist regime.
Under a Corbyn government — with the sinister John McDonnell at the Treasury — wealth creation will be replaced by wealth confiscation.
The 45 per cent income tax rate will be imposed on all salaries above £80,000, and a new 50 per cent rate will be introduced for those earning more than £123,000.
Capital gains tax will be hiked, as in all likelihood will inheritance duties, particularly through the reduction of the tax-free threshold to just £125,000.
Businesses are the lifeblood of the economy, yet they will be hammered by Labour.
Corporation tax, set to fall in 2020 to 17 per cent, will be raised to 26 per cent over a three-year period if Labour gains office.
Even more drastically, a Labour government would grab £300billion of shares in 7,000 large companies, handing them over to their workers in what has been described as “one of the biggest state raids on the private sector to take place in a Western democracy.”
Just like the abolition of private schools, the establishment of these so-called “inclusive ownership funds” is dressed up as a progressive measure, but it is state larceny on an epic scale.
RUIN OUR PROSPERITY
Pensions are also under threat from the abolition of higher rate tax relief on contributions, just as many pension funds will be hit if a Corbyn government takes back the assets of firms running Public Finance Initiative (PFI) contracts without compensation.
Imposed by the Blair government, PFI was always a bad idea because it piled up debt on the state. But it would be wrong to use its failings as another ideological vehicle to attack private investors.
Nowhere is safe from Labour’s tentacles.
A Corbyn government will savage the City with a financial transactions tax, second home owners with a special levy and private landlords with a new right for tenants to buy the property they inhabit — yet another form of socialist expropriation. Mrs Thatcher sought to transfer wealth from the State to the individual.
Labour will move in precisely the opposite direction.
By destroying the incentives to entrepreneurship and hard work, a Corbyn government will ultimately ruin our prosperity. That is the lesson of history.
When the Labour government of the 1970s imposed an effective top tax rate of 98 per cent, Britain became the sick man of Europe.
The negative impact of a Corbyn government would be all the more dramatic today, because a globalised, interconnected world means that talent and wealth can move where they are rewarded rather than punished.
When the last socialist French government introduced a wealth tax, the result was a vast exodus of the affluent.
The French economy has never recovered.
MOST READ IN OPINION
That is why it is so absurd for some supposed economic experts — like those on the Financial Times — to pretend that a Corbyn regime would be preferable to a No Deal Tory government.
Corbyn and his mob are not “caring capitalists” as the FT deludedly claims.
They are dangerous fanatics who want to overthrow capitalism — as events in Brighton this week have made clear.
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