BREAKING: 25 dead, 35 injured in explosion inside Coptic Cathedral in Cairo    Turkey declares national day of mourning following Istanbul attack    Libyan MP: Turkey &Qatar conspire to inflame Arab conflict    Australia designates Egyptian ISIS 'Wilayat Sinai' as terrorist group    Court's death sentence on Habara angers MB    Islamic law is opulent & resilient, Grand Imam of al-Azhar    Al-Sisi inaugurates first regular monthly youth conference    Egypt calls Face-book &Twitter to suspend 'Hasm' terrorist group's accounts    Cassation Court revokes Safwat El-Sherif's jail sentence in illicit gains case    KarmSolar announces 3 major agreements at first annual forum    Kashima Antlers advance to second round of FIFA 2016 Club Word Cup    RiseUp Summit 2016 kicks off on Friday    Cooperation protocol between Banque du Caire, 10th of Ramadan Investors Association to finance SMEs    Paris hosts foreign ministers for diplomatic meeting on Syria conflict    Ministry of Endowments forms committee to review religious discourse, sermons plans    Three students journey, from Al-Azhar to terrorism (3-3): Ali Saad from school to Syria    Shukri: Arab security depends on understanding between KSA & Egypt    Second bombing in Egypt kills 1 civilian, injures 3 security personnel    New fund for heritage    Iranian ambition vs Arab division    Second pardons planned    The best is yet to come    El Clasico empties Egypt's streets    Give and take    Pound stabilising on the expense of stagflation    Digest    Judges given final say on protests    CINEMA    Getting ready for President Trump    THEATRE    A historic agreement    Infections in injections?    Sisi: God is on our side against terrorism    Human rights lawyer Azza Soliman released on EGP 20,000 bail    Immigrant lives at mercy of German bureaucracy, knows very well he has no asylum rights    Historical Intercontinental Hotel will not be demolished: Mohammed Abu Saada    Egypt hands all (Regeni's) documents requested by Italy    Cairo Art Fair: the city's largest showroom for contemporary art    Bibliotheca Alexandrina hosts Youth Science Film Festival for 2nd year    Egypt signs 3 agreements worth EGP 2.5 Billion with Kuwait    Regeni Egypt investigators in a two-day visit to Rome    China signs '$2.62 billion' currency swap deal with Egypt    Egypt's women champions continue victories in the world of squash    Tunisian cinema critic: Culture is the way to defeat extremism    Egypt comes out on top at 2016 Women's World Team Squash Championship    US & Egypt stress on protecting human antiquities against 'treachery'    Brazil football team Chapecoense in Colombia plane crash    Egypt organises American football league, first time in the Middle East    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Editorial: Ensuring social justice
Published in The Egyptian Gazette on 07 - 10 - 2011

CAIRO - Instead of always complaining about the economic hardships, the sharp budget deficit and lack of financial resources, the Government should resort to the law to get very rich business people to hand over the fortunes they made illegally under Mubarak's corrupt regime.
It could start with the property tycoons who violated their land reclamation contracts, making billions out of the luxurious housing compounds they built on land they purchased for peanuts.
According to the contracts, they were only meant to build on just 2 per cent of this land and cultivate the rest.
“If the tycoons built on more than 2 per cent, they were supposed to be fined,” says Ali Ismail, the new executive director of the Agricultural Development Authority.
Most of the desert roads now have housing compounds built beside them, on land that was meant to be reclaimed.
The violators were meant to pay almost LE1.5 million per feddan; if they had done so, the Treasury would have made about LE40 billion, greatly reducing the Government's huge budget deficit.
This money could also have funded the pay rise proposed for civil servants, putting an end to the constant strikes.
Most importantly, this money would be the first step in ensuring social justice, retrieving some of the fortunes illegally made by certain tycoons under the previous regime, thereby benefiting the national economy and helping to stabilise the country.
It would also save the Government having to slap extra taxes on the rich, something some parties believe would discourage investments.


Clic here to read the story from its source.