Julius Malema, the leader of the Economic Freedom Fighters (EFF) party, is the problem solver of the South African dilemmas. Malema dictates the impossible dream to the followers of his political party with promises of land restitution, jobs and wealth. Any opportunity to use the political platform Malema rants on about the EFF ability to change the country into a place for the working class to live an abundant life.
French economist Thomas Piketty bestseller ‘Capital in the Twenty-First Century” influences wealth and redistribution issues would undoubtedly grip Malema to favor the inequality subject. Piketty raises the idea that the global tax on land is included in all assets. Piketty does not agree with the saying “the rich get richer, and the poor get poorer” and sees the return on capital to exceed the rate of economic growth as part of capitalism meaning the poor never advance to riches.
The book favors expropriation and high taxes on big wealth and details the growth of inequality. Piketty believes governments should provide more services for all its citizens by taxing the rich. It is a re-distribution of wealth and not about creating wealth for the poor; it is about stabilizing the economy.
Malema stands as an advocate of the rights and interests of ordinary people to promote their grievance and poverty by expressing the claim of redistribution. The Piketty book will indeed raise the impossible for Malema to achieve and utter more disdain criticism from his opponents. The Piketty ideas will certainly entertain Malema on new schemes to achieve for the members of his EFF party. Malema should implement clear requirements for his followers to understand.
Confident Malema would be wise to tell the people the truth, especially the poor followers who latch onto every word he utters. Malema could educate the poor, with simple instructions of obtaining a decent education, family planning and long-term commitment. These three elements would have the power to take the poor out of the poorest and move them into the direction of creating a richer life. Three basic building blocks that would not cost any government a great deal would raise living standards.
While Malema would indeed favor the Piketty fundamentals, the incorporation of all strategic assets of all South African people would need to be considered to make the plan effective. Including the vast amounts of land owned by cultural kings and tribal leaders would raise considerable taxes for the government to distribute in forms of service deliveries. All land must be regarded as a resource of production and if not then a direct tax for ownership should be realized.
The problem of inequality, poverty and unemployment are difficult to deal with for Malema, and most South Africans agree the increasing inequality remains a massive problem. The persistent strikes and Union leaders defending their high salaries and privately owned assets coupled with strict labor laws do not contribute to a solution.
Malema along with most political party leaders emphasized the importance of creating jobs during election campaigns, and while this is a partial solution, it is not the only answer. During the past twenty years, the government has allocated billions to expand the opportunities of the underprivileged. The injection of funds enriched politicians including Malema raised the living standards of influential black businessperson, and increased black people opportunities, yet failed to produce jobs.
The Piketty formula might provide an answer for Malema yet would fail to achieve the required results desired. Malema wants the land, the mines and banks, redistribution from white to black is the focus and would generate to the inequality problem. The formula to impose heavy taxes on whites to finance the poor blacks of the country is ultimately the Malema desire.
Julius Malema is the problem solver for South Africans and is a determined politician embracing change for the black majority who are renowned worldwide for their sufferings during apartheid. Malema stimulates the inequality between racial groups with his problem solving resolutions and ignoring the harm of reducing South Africa into another undeveloped country.
Opinion by Laura Oneale