The Labour Government

blueinsa said:
Tories would be blamed if you flipped it is my guess.

The demand for patience and time, whilst cute and frankly laughable given who they’re from on here, won’t wash I’m afraid.

Labour are in power, it’s on them. That’s how it was always spelt out.
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The depth of financial shit this country is in is more than alarming. No point in blaming any one party, but I’m fucked as to how any party is going to get us out of it.
 
It is quite relevant that the UK's credit rating fell quite sharply under the Tory geniuses.

I'm sure various factors are to blame for this, but as with anyone else, a lower credit rating inevitably leads to higher borrowing costs.

I remember newspapers wanking on about our AAA credit rating and how important it was. Yet suddenly, when we fell to B+, or whatever shit rating it is now (I forget,) they made surprisingly little of it. Probably because we had a Tory government at the time. Had it happened under Labour's watch, we'd still be hearing about it in 2065.
 
hilts said:
There is approx 8 billion and rising that is a simple fact, neither doomsday or Logans Run just yet. Although the prequel did mention a Bob who years before said Whaddy gon a do? fuck it growth forever.

Normally the sane folk try to prevent things from actually happening. Its probably why the young are more ideological Its still their future I guess.

We go back and forth but it always comes down to you'll be gone so you don't really care.
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He would care if a house next to him was commandeered by the council to put up a family of Roma gypsies or converted to a HMO for the lads in the Epping hotel. His open borders do not extend to his road.
 
hampshireblue said:
I stopped reading at the Taxpayers' Alliance. One of the Tufton Street mob. A "friend" of mine donates as he wants to see much lower taxes and services in the UK-he lives in Cyprus and also voted for Brexit!

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Does he know Oldham Exile?
 
BobKowalski said:
World population is expected to peak at the end of this century then decline. Only Africa has a significant birthrate above the replacement rate and even that is trending downwards.

And right now, yes “what you gonna do?” How will growth manifest itself? Will AI fuel a productivity boom or is it a case of over promise and underperform? How do we beat the demographic time bomb and an aging and declining population worldwide? Can it be beat or are we delaying the day of reckoning until AI and technology can provide a solution?

Personally, I err on the side of optimism and going for AI and tech to provide the solutions. In short, don’t write off or cull the human race just yet.
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How hot is it gonna get and how much damage do we do while we wait for something to save us that might not?

Cracking plan

BTW the demographic time bomb is not as factual as some claim. But its a good excuse for more folk.

Like the American pharmaceuticals convince people the answer to your problems is what they are selling and then you become addicted. Can't get enough.
 
mosssideblue said:
The depth of financial shit this country is in is more than alarming. No point in blaming any one party, but I’m fucked as to how any party is going to get us out of it.
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The richest 1% in the UK now own more than the bottom 70% combined.

Time for the Taxpayers' Alliance to explain how we get some of that.
 
Vic said:

The richest 1% in the UK now own more than the bottom 70% combined.

Time for the Taxpayers' Alliance to explain how we get some of that.
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Problem is governments have been happy to be living beyond our means and are now dependent on additional borrowing to run the country.

I think we have tipped the tipping point and we will never recover
 
hilts said:
How hot is it gonna get and how much damage do we do while we wait for something to save us that might not?

Cracking plan

BTW the demographic time bomb is not as factual as some claim. But its a good excuse for more folk.

Like the American pharmaceuticals convince people the answer to your problems is what they are selling and then you become addicted. Can't get enough.
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I assume you define ‘damage’ as people coming here to live and work. Well, I guess we can’t have people turning up here and working. Perish the thought.

On the other hand, people turning up to live and work here is our current plan. And the last Govt’s. And the one before that and…well, you get the idea.

Not as ‘factual’? It’s either factual or it isn’t, or at least the maths is factual, I guess you could extrapolate different ‘conclusions’ from the maths or paint a picture that chronological age is no longer a reliable guide to physical age ie todays 70 is yesterdays 65 - basically, 50 is the new 40. There is some merit in this, but you are still fighting biology and it’s a fight we will all ultimately lose.

Medical and tech advances can’t be ruled out of course - hence my optimistic outlook about human ingenuity and necessity being the mother of invention - so I’ll stick with that as my ‘projection’ for the future. I also prefer it to humanity being culled and the demise of the planet. What can I say? I’m a hopeless humanist at heart.
 
Vic said:
The richest 1% in the UK now own more than the bottom 70% combined.

Time for the Taxpayers' Alliance to explain how we get some of that.
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They wont, instead politicians will continue to hammer what's left of what people call middle class until the gap between the top 1% and the other 99% becomes unbridgeable. Nothing for anyone to aspire to, everyone knowing their place.

You see it on here, on social media, if you earn a bit above the median then you should be taxed more so you only get the same as everyone else. Meanwhile those with wealth are provided with loop holes which no government seems keen to close.

Building a society with no upward path is a route to extreme politics and civil insurrection.
 
Kompany Car said:
They wont, instead politicians will continue to hammer what's left of what people call middle class until the gap between the top 1% and the other 99% becomes unbridgeable. Nothing for anyone to aspire to, everyone knowing their place.

You see it on here, on social media, if you earn a bit above the median then you should be taxed more so you only get the same as everyone else. Meanwhile those with wealth are provided with loop holes which no government seems keen to close.

Building a society with no upward path is a route to extreme politics and civil insurrection.
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Said it a few times but we normally have a reset event which curbs the extremely wealthy and allows the middle class to be aspirational for a while after.

It does tend to be a war that does it though, a long enough peacetime and the population divides and creates it itself.

Social media and the internet are accelerators but the world really is the same as it ever was, behaviour is always just history repeating itself.
 
Kompany Car said:
They wont, instead politicians will continue to hammer what's left of what people call middle class until the gap between the top 1% and the other 99% becomes unbridgeable. Nothing for anyone to aspire to, everyone knowing their place.

You see it on here, on social media, if you earn a bit above the median then you should be taxed more so you only get the same as everyone else. Meanwhile those with wealth are provided with loop holes which no government seems keen to close.

Building a society with no upward path is a route to extreme politics and civil insurrection.
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I don’t see that on here. People may see an imbalance, but want to see all pay their share.
 
meltonblue said:
Said it a few times but we normally have a reset event which curbs the extremely wealthy and allows the middle class to be aspirational for a while after.

It does tend to be a war that does it though, a long enough peacetime and the population divides and creates it itself.

Social media and the internet are accelerators but the world really is the same as it ever was, behaviour is always just history repeating itself.
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I’d usually agree but something seems to have changed. The richest have gone down a line that has made a real difference, across the world.

Reminds me of that doomsday film where the richest get a place on the ark. Do they know something we don’t?
 
meltonblue said:
Said it a few times but we normally have a reset event which curbs the extremely wealthy and allows the middle class to be aspirational for a while after.

It does tend to be a war that does it though, a long enough peacetime and the population divides and creates it itself.

Social media and the internet are accelerators but the world really is the same as it ever was, behaviour is always just history repeating itself.
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War that is fought by those who cant afford to avoid it. Get rid of a few of the other 99% and there are less people to share the money across so people appear better off.

Look at Ukraine, if peace breaks out tomorrow who will benefit the most financially ? The general population, the poor buggers who have been maimed for life ? No those who had sufficient money to leave and preserve their wealth offshore who will then go back and make a fortune rebuilding the country, along with all the leaches like BlackRock, JP Morgan etc who already have massive funds just waiting for the opportunity.
 
mosssideblue said:
Problem is governments have been happy to be living beyond our means and are now dependent on additional borrowing to run the country.

I think we have tipped the tipping point and we will never recover
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We might not be living beyond our means if more people had more of the means that the 1% have. Redistribute some of that wealth to the 70% and the economy would boom.

I expect there will be some rushing to the Laffer Curve to pretend that there is nothing to be done about growing disparity of wealth. Yet somewhere along the line, someone took policy decisions to take money from the poor and give tax cuts to the rich.

Where was the Taxpayers' Alliance when that was happening? Agreeing with the policy, I guess.
 
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