Labour have chosen to make poor people poorer rather than
- Rejoin the European Union
- Stray from arbitrary fiscal rules
- Tax the inconceivably wealthy
- Borrow to invest in broken public services*
*National debt is at 95.5% of GDP. In 1947 when the NHS was established, it was 238%.
- Rejoin the European Union
- Stray from arbitrary fiscal rules
- Tax the inconceivably wealthy
- Borrow to invest in broken public services*
*National debt is at 95.5% of GDP. In 1947 when the NHS was established, it was 238%.
Comments
**In answer to the world weary replies: 'Yes', 'yes', 'I know' and 'yes'.
She *is* starting to talk about breaking through red lines.
She *is* taxing the inconceivably wealthy, where she can, although, not as much as I would like.
Borrowing, without careful consideration is dangerous - try it!
https://bsky.app/profile/nyebev4eva.bsky.social/post/3llcau5wp7s2h
The long reign of EU 🇪🇺 Federalism.
We've all been taken to the fkng cleaners.
The word is a 2% wealth tax would generate £24bn a year.
Today's Labour Party is simply the Tory Party's substitute, owned by the same people.
Or Centrist Dads as their gillets are not as non flammable as they might think.
If we do manage to rejoin we would have to convert to Euro along with getting a worse ‘deal’ than we had before (although from EU standards being generally better than ours it’s not such a bad thing)
It's like Stockholm Syndrome.....
https://open.substack.com/pub/thepoliticalgardener/p/the-great-freeport-con-how-britains?utm_source=share&utm_medium=android&r=2lbyd4
Governments make the same decisions over and over again and nothing ever gets better. Insanity is defined this way, so I hear.
We need to break this circle somehow.
As the sovereign issuers of a fiat currency, they can spend the money into existence.
The Household Budget myth is just that. A MYTH.
There is no maxed out govt credit card.
Thatcher’s most pernicious legacy.
When arithmetic says your outgoings are significantly greater than your incomings and collateral combined, the "Fat lady" is ready to sing the final verse.
The Liberarti is over.
But that ‘s usual for the brainwashed
Read. For God sake, read.
https://gimms.org.uk/fact-sheets/inflation/
You want educated, be a self-made man.
But if it is taken away from people who would to spend ...
Classical economics has failed every single test. The worst of all was its failure to predict/explain the 2008/09 global financial crash. The advice it gave in the lead up to that, both to govt and to banks, stank.
https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy?fbclid=IwAR17cNfRDLaUiMMxVxHGadnDZ_ucCgQaIB7EO1BqO8VZ1lLZR2oX4nauw5s&fs=e&s=cl
https://newrepublic.com/article/158221/government-can-afford-anythi-wants