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Letter to: Jason Groves. The Press Gallery. The House of Commons. London

21st May, 2006

The Impact Tax

Dear Mr Groves

Just as it is a mistake to throw money at a problem in an attempt to solve it, so is it a mistake to throw a tax or an Act of Parliament at a problem. We have too much legislation and too much tax already without an Impact Tax. A problem always, but always, has a cause. Find the cause, the real cause and you have the answer. This is a fundamental truth that is either not known or is disregarded .

The problem which the Impact Tax seeks to solve, is a lack of affordable housing. Once we use the discipline of finding the cause of that problem, the real cause, the problem is as good as gone. No one in their right mind would permit the cause to persist.

A lack of affordable housing is in reality a lack of money and a surfeit of debt. An Impact Tax will increase the shortage and the debts. Useless!! We have a shortage of money, for the exceedingly simple reason, that new money is constantly needed by a healthy economy, to service economic growth. We allow the banks to issue new money as credit. Hence the shortage of money and the surfeit of debt. Once seen, the insanity of that Monetary System is obvious. Restore to Government the sole right to create and issue new money and instruct the Government how to do that correctly and hey presto, no problem.

Doctor Edward C Hamlyn MBChB