Oil prices slump 4% as no output deal expected for OPEC    Russian central bank criticizes the easy money policies of its peers    Amazon has been fined £65,000 for trying to fly hazardous goods    Syria conflict: Air strikes leave Aleppo 'without water'    Ted Cruz endorses former rival Trump in U.S. presidential race    North Korea defies UN, vows to strengthen nuclear capability    Supercar maker McLaren says not in talks with Apple    Actor found slain at L.A. home of Canada TV host Stroumboulopoulos    Marion Cotillard breaks her silence, respond to Pitt rumours    A century and a half of parliament    Committee shake-up    Renaissance signing    Cairo backs Libyan stance    Second Mistral docks    Voice of the voiceless in Venezuela    Through the roof    Feast in Cairo    Wins local and African    The sun in Spain    Confirmed assets freezes on NGOs    Thirty months on    Rallying in New York    Not eager for 4G?    Wheat for citrus?    CIFCET Schedule (22 - 29 September)    EXHIBITIONS    Art    Oxford ranked as world's top university: Times Higher Education    Egypt: impact studies on Ethiopian dam to be finalised in one year    Harry Potter home, with cupboard under stairs, is now on sale    EU earmarks €50 million for Egypt women rights, socio-economic projects    Sudan, Egypt, Ethiopia seal contracts on GERD Dam impact studies    Sisi: Egypt is finalising legislation to combat 'illegal immigration'    Egypt water minister in Sudan to sign Ethiopian dam impact studies contracts    Sherif Osman Secures Egypt's First Gold Medal at Rio Paralympic Games    Egyptian Sprinter Mostafa Fathalla hunts Silver at Rio Paralympics    تغريدة - هكذا كانت تهنئة نجوم وفرق العالم للمسلمين بعيد الأضحى    صورة- ذا روك يعلن عن بطلة فيلمه الجديد Jumanji 2    Court sentences Geneina to 1 year in prison    Egypt will always remain an oasis of security: Sisi    Egyptian Exchange gains EGP 2 billion on Thursday    Obama Passes Torch to Clinton, Slams Trump    Egypt in the international media    Azhar rejects Egypt govt decision to standardise Friday sermons    British delegation agreed MB designation as a terrorist group, MPs    Egypt in the international media    Egyptian Lebanese House to release Shahawy's new book next month    Antiquities Min. to extend Archaeological Transcripts& Books Fair    







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.