No more cuts! Let's tax the super-rich!

the Socialist Party of Iceland (Sósíalistaflokkur Íslands)expresses great disappointment with the government's priorities in this winter's fiscal plan. The harsh austerity measures announced are an attack on earned labor and pension rights and public services, and increased fees and taxation on the public in various ways is an unacceptable policy at a time when a cost of living crisis has raged for years, already eroding the quality of life for the majority of the public.the Socialist Partycalls for a comprehensive review of this fiscal plan and the so-called demands for 'restraint' and 'efficiency,' and also calls for the use of plain Icelandic language to describe what is, of course, nothing other than cuts!However, it is clear that the government is not as concerned about the mother tongue asthe Socialists, asKristrún Frostadóttir's governmentintends to cut funding for Icelandic language education for immigrants at a time when more people of foreign origin have never lived in Ísland.Ísland has also never been a wealthier country than it is now, and the concentration of wealth in the highest echelons of society has never been as great and unequal. Banks, large corporations, and investors have made a fortune in recent years, while the public has seen their living standards steadily decline despite demonstrated sacrifice in the last wage agreements. Prices have risen uncontrollably, and the Central Bank's interest rate frenzy has punished the public but rewarded large capital owners.At the same time, the housing crisis has worsened, homelessness has increased, and entire generations see no prospect other than continued life in their parents' homes or usurious conditions in the rental market, where there is no way to save for property purchases unless one has a very strong financial background.Despite these facts of economic reality in Ísland, there is no sign of real systemic measures in housing affairs regarding the freedom of rental investors to charge exorbitant prices in the rental market and the pursuit by the same investors of ever-larger portfolios to profit from the homes of the people in the country. Homes should not be a commodity for profit.The government of Samfylkingin, Viðreisn, and Flokkur Fólksinsmakes the decision to reduce the state's deficit by burdening the public rather than those who have profited most from the greedy inflation of recent years.the Socialist Partyproposes that the government:

• Correct rental prices and impose a rent cap to curb the driving force of inflation and usurious pricing in the housing market.

• Withdraw its proposed cuts across countless sectors, including unemployment benefits, workers' pension rights, and Icelandic language education.

• Rethink plans for various increased fees on ordinary people.

• Abolish the indexation of rental prices, which creates an obvious interaction between rising rents and inflation measurements.

• Tax the excessive profits of banks due to abnormally high interest rates.

• Tax capital gains equally with earned income.

• Tax the tourism industry equally with other business operations.

• Tax the excessive asset accumulation of investors.

In other words, that the government of Ísland works in the interest of the public instead of the interests of capital. No more cuts! The state's deficit can and should be reduced by taxing the super-rich!the Socialist Party