The Labour Government

[Colin Bells Boots]

OK? fucks that supposed to mean....getting all moody?

Save it for tomorrow

Moody ?

Lost me there mate.

 

[metalblue]

Growth is an irrelevance. It would be better to see zero growth and actually tackle the numerous problems there are in society.

Growth helps pay for all those problems. It’s never irrelevant.

 

[Churchlawtonblue]

Growth is an irrelevance. It would be better to see zero growth and actually tackle the numerous problems there are in society.

That is utterly nonsensical.

 

[Mr Kobayashi]

That is utterly nonsensical.

Is it? Italy has had practically zero growth since they joined the Eurozone. But they have a better standard of living than most of the UK outside of London.

The trouble you have is that because you have a narrow frame of reference you project it on others.

 

[Churchlawtonblue]

Is it? Italy has had practically zero growth since they joined the Eurozone. But they have a better standard of living than most of the UK outside of London.

The trouble you have is that because you have a narrow frame of reference you project it on others.

So no growth needed! Why are you telling all of us this? Surely you would be better emailing your idea to the PM and Chancellor and tell them they have got their economic strayegy all wrong with their narrow frame of mind!

 

[blueinsa]

That is utterly nonsensical.

Give it a while and negative growth and the resulting recessions will be the holy grail for some on here lol.

 

[west didsblue]

Some of the problems with this country:

1. Huge imbalance of wealth between the ultra-rich and the rest.
2. A great reluctance to tax wealth (as opposed to income) to change this.
3. A largely under-educated/trained workforce in an increasingly high-tech world.
4. An absurd tendency to nostalgic hankering for a supposed golden age that never was.
5. An extreme tendency to insularity.
6. A deeply corrupt and biased media.
7. Too much fawning to the USA in the mistaken belief they are our 'friends', not ruthless business competitors.
8. A lack of realism in the population, with a demand for European levels of services for USA levels of taxation.
9. Genuine poverty in a huge proportion of the population, not just pensioners.
10. An absurdly small internal market, thanks to Brexit.
11. Poor trading arrangements, with most of the 'deals' trumpeted by the Tories worthless or next to worthless.
12. A tendency to invest in property, not industry.

Agree with most of that but how do you tax wealth? Most wealth is in illiquid assets that can decrease in value as well as increase. Forced sale of shares, property or other assets to fund a wealth tax bill would have huge consequences. The only current significant wealth tax is incurred after death in the form of IHT, and any increases in scope of that causes huge pushback. The only other one I can think of is council tax but that reaches an upper limit long before you get to the wealth of the super rich. Other than that taxing people’s wealth when alive is a non-starter.

 

[Brewster's millions]

So no growth needed! Why are you telling all of us this? Surely you would be better emailing your idea to the PM and Chancellor and tell them they have got their economic strayegy all wrong with their narrow frame of mind!

Using Italy as an example of universally high living standards in comparison to the UK’s poorer regions is particularly insightful as well, given of course the well known lack of regional income inequality across Italy, and how these regional inequalities (if they exist at all!) don’t tend to get much worse during periods of recession.

But I suppose the trouble here is that this is just a narrow frame of reference. Apologies for the projection.

 

[BlueMoonday]

You have to admire how articulate Angela Rayner is.

 

[Brewster's millions]

You have to admire how articulate Angela Rayner is.

That Swiss finishing school was worth every penny wasn’t it?