Monday, 29 June 2015

Capping and degressivity - or giving even more money to the rich!!! Thanks George Osborne again!!

http://www.theguardian.com/commentisfree/2013/jul/01/farm-subsidies-blatant-transfer-of-cash-to-rich There were two proposals for limiting handouts to the super-rich, known as capping and degressivity. Capping means that no one should receive more than a certain amount: the proposed limit was €300,000 (£250,000) a year. Degressivity means that beyond a certain point the rate received per hectare begins to fall. This was supposed to have kicked in at €150,000. The UK's environment secretary, Owen Paterson, knocked both proposals down. Party of 'the working people' - I don't think so, do you?

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