500 tourists visit Saint Catherine over past 24 hours    Egypt signs 4 agreements with French Development Agency    Italy calls for 'greater US involvement' in Libya    Thomas Cook: Tourists starting to return to Egypt    Report documents ISIS 'expansion' in Africa    ISIS still active in southern Sirte, Libya    Al-Bawaba hounours mothers of Egypt    Egyptian belly-dancer turns ‘religious preacher' next Ramadan    Just in: Israel urges citizens to leave Egypt's Sinai, citing IS threat    The Egyptian Stock Exchange gains LE3.1bn    Egyptian soldier shot dead, 8 terrorists killed in separate incidents in Sinai    EETC postpones tenders for transformer substations    Investment ministry's role is to remove obstacles for investors: Nasr    Leading figure of ‘Sinai Province' killed by second field army    Formula One: Vettel stuns Hamilton to win season-opening Australian Grand Prix    Pulisic performance leaves USA drooling    Banned from travelling to receive award, Nazra's director granted Alternative Nobel Prize    Security forces arrest 19 Muslim Brotherhood terrorists    Militants in Al-Arish blow up Al-Azhar educational building    EGP 16bn allocated to wheat purchase: minister    Egypt continues "Zayed 2" joint military exercise with UAE    Sameh Shoukry returns to Cairo after Washington's meetings against IS    Police arrests 13 alleged brotherhood members in Alexandria    European zoos take drastic steps to protect rhinos    Report: More dubious payments uncovered in German World Cup scandal    Press Syndicate leaders sentenced to suspended one-year term    Happy 70th birthday, Sir Elton    Earth Hour: Famous landmarks plunge into darkness - but why?    Rodin's lover, sculptor Camille Claudel, gets museum in Paris    Cairo Opera House hosts "Women from Egypt" Exhibition    "We Are Egyptian Armenians" screening in Cairo    Celebrations underway on Luxor Chosen Capital of Arab Culture 2017    Egypt wins 11 medals in Muay Thai amateur championship    Pictures: People in Upper Egypt mourned a deceased man with dance & drum music!    Messi visit delivers message to world on Egypt's stability - sports figures    Egyptian Mohamed Hamza wins bronze medal in Epee World Cup    تغريدة - ماذا قال نجوم الزمالك وأبرز رموزه بعد التتويج بالسوبر    حكاية خيسوس - القادم من ضواحي ساو باولو وفتن جوارديولا    Newsreel    New Year routine    Imminent cabinet reshuffle    Footballer furore    In quest of national consensus    ‘Protecting the weakest'    Briefs    IMF open to scrutiny    Art heist goes wrong    All the fun of the Book 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.