Swings and roundabouts?

SIR - MPs are demanding that the Government repay charities the money they lost in the Great Icelandic swindle". That's right, charities lost �120 million worth of pennies that they rolled down a slide, hoping to win a fantastic prize put up by the Icela

SIR - MPs are demanding that the Government repay charities the money they lost in the Great Icelandic "swindle".That's right, charities lost �120 million worth of pennies that they rolled down a slide, hoping to win a fantastic prize put up by the Icelandic bankers. Of course, as with all fairground attractions, it was an illusion.Never mind, it wasn't their money in the first place - it was yours and mine and, anyway, if the Government just gives them back the money they lost, they can go and gamble it away again. Who knows? Maybe they'll get lucky next time.It's like something out of the Beano. I give my money to the little old lady on the street corner, she gives it to the charity, it gives it to the banker, he loses the money, the Government gives it back, it taxes me, I give it the money I gave to the little old lady who gave it to the banker, who lost, who got it back from the Government who taxed me for giving it to her in the first place.Well, I don't know about you, but I'm lost. I never did understand these fairground tricks. I've got a better idea. Why don't we abolish charities, raise a five per cent tax on those who can afford it and give it to the worthy cause today instead of sometime never.No one would ever come to my fair, would they?T P Gidman, Barnstaple.


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