For me, the left and left of centre are doing themselves and the country a huge disservice not adequately explaining why it’s important to look after the needy, the poor, the sick and underprivileged and importantly the benefit of investing resources in the least economically active sectors of society.
We have to make comfortable, relatively prosperous people understand that by raising the living standards of the poorest, and attending to their needs they benefit too.
How do they benefit? Well improved living standards amongst the poorest boost economic activity enormously, creating more jobs and investment opportunities as economic activities increase.
Secondly there’s the opportunity to reduce costs in the future. Investment in the poorest now whilst adding to debt today saves a huge amount of costs tomorrow through reduced health and social care costs in the future.
There are many who claim that building up debt today is unfair on tomorrow’s generation who has to pay it off. Well how fair is it to build a growing sector of society whose problems will cost much more in future years not only financially but in human and social terms too? Surely it is better to address today’s problems today than leave them for another generation.
We as a nation are faced with a choice. Invest now in the poorest or face ever growing bills in the future which can only create bigger problems in years to come.
The problem is addressed by creating a capital programme designed to lift the poorest up, designed to provide opportunity where little exists today. If it is seen as a capital investment programme rather than a debit item in the country’s budget then we will see a change of attitude. It means working in partnership with large employers (typically multi-national, but British firms too) to boost economic activity in the most needed areas. It means training those who want to be entrepreneurs and providing capital and grants to start businesses.
Wealthy people should not fear investment by Government in a country’s greatest assets – its people. Nor should they fear participating in that investment programme through their taxes because investment today reduces tomorrow’s burden and provides opportunities for all.