Quote:
Originally Posted by Chris
I'm sorry Mertle but unreconstructed lefty hatred of those who have made a success of their lives is not going to fix anything. Some people are rich. That's life, so what?
We live in a capitalist economy with a fiat currency in which work results in wealth creation. Demanding that more of the existing wealth at the top of the pile is creamed off is not a sustainable solution. The sustainable solution is to get the people who are not working, doing work. This results in wealth creation and at the same time reduces a welfare bill that currently accounts for one third of government spending.
|
Problem is the system not working yes wages and jobs need creating but at zero cost to government no point in creating minimum wages if that cant support our standard living.
Not against rich good luck. However small section who inherited the wealth who not wise with it.
There is huge problem with crony capitalism which eating itself like a cancer. That is very bad you would naive to think there nothing wrong. OIne selfish interests businesses only look short termism and bottom line profits to syphon off to top echelons or shareholders is bad business practice. Very bad for the economy as a whole.
They cant put head in sand expect government to support there low paid workforce and say hell not paying taxes either. Its atitude which will tank the economy.
We got ourselves in muddle and impasse. We dont like anger homeowners we dont want upset those with money but reality this only answer. Yes governments have little room else they get wholesale riots. You have to support wages or do what only left to do thats wholesale delaverage of standard living. We put up interest rates to stop inflation will make alot homeowners angry many lose there homes.
We cant keep allowing rental markets freedon to raise prices to breaking point. We cant allow private landords freedom but wont let councils build waves council homes.
We doing everything backwards hope private business take up the slack without the DEMAND. That Demand getting sucked out of the economy at present.
No point unlevearaging the protection without the demand not rocket science economics there Chris. Its not leftist its every leading economist telling these useless idiots. Even ODS told them they tanked economy by 1.5 GDP.
Country cant support it without sucking our economy we have little export power to compensate the devauling pound. We would been far better doing nothing let the economy right its self then solve ills with better regulation tighter controls. Yes wish labour had got grips of runaway standard living but brown so drunk on it fact we been so drunk on housing booms(ponzi scheme for years).
Hugh thanks for the figures still pretty bad.