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Letter to: Rt Hon Vincent Cable MP. The House of Commons London

4 May 2006

Overtaxed

Dear Mr Cable

I am greatly honoured by the trouble you take to read and respond to my knowledge in the field of economics.

But I must impress upon you that I am not addressing the manner in which we tax ourselves, but in the extravagant manner in which we accept the need to be taxed.

We are grossly overtaxed and suffer unnecessary grief by failing to see that some 80 per cent of taxation is unnecessary.

That appears to be a very novel idea and seems to be dismissed as nonsense.

Likewise, the problem of mounting personal debt. We have devised a monetary system which demands individuals and businesses, to carry a burden of debt in order to function. Without debt we should now plunge into the deepest depression that has ever been known.

It can be stated in very simple terms. If we used existing money to pay our debts, there would be no money, no trade, but only starvation and death, in the midst of plenty. No one can deny that such a state of affairs is insane.

Add to these debts, exorbitant taxation and we have such frenzied and frantic attempts to survive, that we create global-warming and ultimately a failure of life on planet Earth.

Urging the Chancellor to reduce the cost of being in debt, whilst he is piling on the agony of debt, is crazy. The Chancellor allows the banks to counterfeit new money by issuing new money as credit or debt as it should be called. This is an enormously profitable fraud, sanctified by law.

It is so absurd, that it blinds everybody with it its dazzle. It is not too difficult to realise, that when we restore an honest, sane and effective monetary system, taxation will be reduced by 80 per cent.

Both Labour and Conservative parties are run by individuals who profit hugely out of this scam.

As far as I know, the Lib Dems are free of that taint. Make sure you understand this letter and grant the Lib-Dems the joy they deserve.

Doctor Edward C Hamlyn MBChB