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May 04, 2006


Tahir Iqbal

Here's an idea that will end poverty forever and unite the world in peace. It originates from the CIA, and has been worked on for years in conjunction with myself.

The idea is simple. Asset price growth is the source of most of the last century's economic growth. A 0.5% tax on foreign exchange transactions is proposed. This would raise £1.25 trillion per year. This money is then used to build houses in less developed countries which are then given to poor people. Say it costs £10,000 to build a house then there is a budget for 100 million houses per year. There are 1 billion very poor people (income less than $1 a day) in the world who could be employed to build these houses. The initial effect would be a massive input of income into poor economies, stimulating business and job-creation. Over time house prices rise. The poor people would then become rich having a house as an asset.

The idea originates from looking at post war growth in the UK. The Labour governments built council houses for the poor. These were later sold off to them by the Conservative government. There was a house price boom and now the UK housing assets are worth £2.3 trillion. This has had a major impact on the economy allowing people to create businesses that create jobs. The problem for rich countries like the UK is that house prices have reached a peak. It is already too expensive for many people to buy a house. Where does future growth come from? The answer is to support this project to build houses in developing countries and give them to the poor which would make these countries rich. The developed nations can then find new growth by selling products to the less developed countries. There are many other processes and effects involved. To find out more, please see

Please get involved. Tell your friends. Email everyone in your address book. Write to left wing groups and tell them about this idea. Contribute your own ideas on this by writing to [email protected]

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November 2008

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  • Debating climate change in the Security Council
    Education lies at the heart of the UNA's work. On 25th November branch members took part in a long-planned Model UN Security Council event with Year 12 students at Broomfield School in Enfield. In role as national delegations, NGOs, UN agencies and corporate interests, the students debated emergency climate change issues, including carbon emissions and refugee policy. We hope they learned something about the UN, something about climate change and something about negotiating. We certainly did!