On the first day of Pluto in Capricorn, the Telegraph is “pointing fingers at the plutocrats” – investment bankers, hedge fund managers, private equity partners, and performers. “These inordinately wealthy people are British, or American, or Russian in name, but they are essentially stateless, living where the taxes are lowest and where the opportunities to increase their net worth are greatest.”
The Telegraph articles which are excerpts from Robert Preston’s book, Who Runs Britain?, blames the rise of Britain’s plutocrats on former PM Tony Blair “who decided it was preferable for Labour to be financially dependent on wealthy individuals”. On a comparative basis, these plutocrats receive a far more favorable tax treatment than the average Briton. (In America, this is called “trickle down economics”. Give the wealthy tax breaks; give corporations financial incentives to set up shop in your state or locality, and this wealth will “trickle down” in new jobs and spending for the local economy.)
In the end, the new math of these financial wizards has resulted in few new jobs, a hyper-inflated property market, record consumer debt, and a credit crisis. A look at the horoscope of the United Kingdom bears this out. Venus (banking and finance), is the ruler of the UK chart. Venus in Aquarius is located in the fifth house of speculation, sport, and entertainment. This is also where the UK’s natal Pluto resides, and this is how the plutocrats make their millions. Venus squares Mars in Taurus (a sign ruled by Venus), in the eighth house of taxation, and also squares Neptune in Scorpio in the second house of banking and the economy. This reinforces the false belief that a few wealthy and powerful individuals can be depended upon to keep the economy buoyant.
The UK’s Uranus is in Libra (a sign ruled by Venus). Pluto in Capricorn squares the UK Uranus in early spring and at the end of 2008 into 2009. As both Uranus and Pluto relate to extremes, there will probably be more large financial shocks reverberating through the UK, and a demand for complete overhaul of the banking, securities, and tax code. For the plutocrats, life in merry old England may no longer be so merry after all.
United Kingdom Act of Union: Jan 1, 1801 12:00 AM GMT Westminster.