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Old 17-09-2022, 14:32   #231
Sephiroth
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Re: New Prime Minister: Liz Truss

Quote:
Originally Posted by ianch99 View Post
Put the lazy tropes to one side for a moment and try and justify in rational terms why giving more money to wealthy helps those struggling to feed their children, pay their mortage/rent and to heat their homes. It has been proven beyond reasonable doubt that trickle-down economics is a failure so why do you pretend it still works? What do you personally hope to gain from supporting these policies that Truss is pushing?

You also miss the point that it was the unfettered greed, fuelled by excessive bonuses, of the casino bankers that caused the 2008 crash (see the Big Short film for an excellent exposure of this period). Truss's policy risks a repeat of this, learning nothing from history.

The other Truss policy of allowing the Energy companies to keep their obscene "war" profits, as opposed to enforcing a windfall tax like the EU have done, is another example of where the shadow figures that control her and her policies are visible. She appointed Matthew Sinclair, former boss at the right-wing TaxPayers’ Alliance, as her chief economic advisor. A hard-right economic think tank that is notoriously coy about its funding sources or backers.

Many people regard War profiteering as immoral; it seems Truss does not.
I've carefully explained the rationale for removing the limits on bankers' bonuses. It's a matter of economics in our principal service industry, including the tax take.

https://obr.uk/box/tax-revenues-from...ancial-sector/

July-2011_4.1_Chart-A.png

You, on the other hand (and one or two others), are taking the leftie's position of citing "wealth" and "greed" as reasons for not unshackling the economy.


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