| Topic: | Re:Re: Not propaganda - just fact! | |
| Posted by: | Kathleen Healy | |
| Date/Time: | 04/05/26 10:27:00 |
| A large part of household benefits, over 23 billion, is housing benefit payments. Some of that will be paid to pensioners and that cost will increase as more people retire not having ben able to buy property. Hard to reduce the bill without evicting people. The money isn't going to claimants it's going to private landlords. This will include housing benefit paid on ex Council houses now privately owned.There are also yo yo properties, these are former council properties bought back by by Local Authorities at far greater cost than they were sold for. The increase in the wealth gap, the difference between what a small proportion of people own and what is left for everyone else, is not disputed. You can Google it, "what has happened to the wealth gap since 2010." As capital accumulates in fewer hands, everyone else, in effect, pays rent to those who own the capital. Housing benefits paid from taxation is an example of that. With fewer people able to buy property, the proportion of property owned by a few people will increase and those people will collect rent from everyone else. Public assets, Council houses were sold into private ownership now public funds are used to rent them back to house people in need of social housing. With rents so high that is a lot of people incl. working people and a big bill. We have arrived where we are through political choice, not by accident. |