Human Revenue Stream � LRB blog
First, the denigration of the existing service, as if a universally accepted truth is being voiced: the schools/hospitals/roads are crumbling/failing/ second-class. Then, the rejection of government responsibility: we’ve no money/bureaucrats are incompetent. Finally, the solution: private investment.
And that investment does come, and things get shinier. Surely if the private sector weren’t replacing our old sewers, and won’t replace our old motorways and power stations, we’d need to pay higher taxes instead? The truth is that we already do pay higher taxes. They just aren’t called taxes. Our water supply system is being upgraded because of a huge water tax increase. But it isn’t called that. It’s called ‘the water bill’.
As Chris Giles explained yesterday in the FT, water bills have gone up by nearly twice as much as inflation since privatisation. We pay a rail tax: it’s called ‘fare increases’. We pay an energy tax in the form of higher electricity bills, and so on.