If the very rich people then spend the money here and it 'trickles down', I don't see the problem.
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Trickling Down!
- Thread starter Eebo
- Start date
And in 2010 he probably wanted a 55" screen, now it would be 85" OLED - these super rich people always want the latest stuff.Riiiiigghhhttt ............ so in 2022 you think people in posh areas haven't already got home cinema's - fancy hi-fi's and other fancy goods but thanks to Fridays announcement will now consider it? Stephen Ireland was looking to install a fucking shark tank under his kitchen floor in 2010 and even us commoners have been able to buy of have installed wifi and hifi around the house.......I would think its unlikely the few who have held off until this tax cut was announced will save the UK economy.
bluethrunthru
Well-Known Member
And in 2010 he probably wanted a 55" screen, now it would be 85" OLED - these super rich people always want the latest stuff.
and that is going to drive our economy? So British contractors fitting a few S. Korean and China produced tv's is our road to recovery ? Why didn't Kwarteng tell us this economic miracle only he had known about?
and that is going to drive our economy? So British contractors fitting a few S. Korean and China produced tv's is our road to recovery ? Why didn't Kwarteng tell us this economic miracle only he had known about?
Well don't get me started on "S. Korean and China produced tv's" this is just a result of 'globalisation' which I am opposed to. The fact we rely on other countries for our energy needs is going to be a massive issue in the winter - yet we are sitting on 800 years worth of coal.
bluethrunthru
Well-Known Member
Well don't get me started on "S. Korean and China produced tv's" this is just a result of 'globalisation' which I am opposed to. The fact we rely on other countries for our energy needs is going to be a massive issue in the winter - yet we are sitting on 800 years worth of coal.
well as it stands we and Europe did produce white goods - had we kept on doing so they would now be unaffordable.
That coal is mostly unable to be mined. Post the strike and the shut down of the mines it was decided by the then govt there was no need to mothball and maintain accessibility to coal reserves despite warnings from commentators at the time
So you think that very rich people will spend the extra money in the local economy?If the very rich people then spend the money here and it 'trickles down', I don't see the problem.
Firstly, exactly how many trips to B&Q or the local sandwich shop do you think it would take them to spend the extra money they have just been gifted??
Secondly, the reality is that they are more likely to take it out of the country.
They might spend it on a super-yacht or a Country Estate.
Not sure how many super-yacht boatyards there are near you, but there are none in my area.
And if it goes on a Country Estate then that money is going to another rich person.
No wonder we have Liz Truss in charge with voters like you
west didsblue
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Why would they?If the very rich people then spend the money here and it 'trickles down', I don't see the problem.
An average Man City first team player takes home £4M after tax - more than enough to buy a new 85 inch OLED TV every week if he wanted. Thanks to this announcement the government are borrowing an additional £400K just to allow him to take home £4.4M.
Do you honestly think that person is going to spend the extra money in the local economy. Much more likely it will get invested to bring them in even more money or spent on foreign property etc. It’s delusional to think that any significant amount is going to trickle down.
urban genie
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Every government that has used this method has not got the desired effect, it is known as zombie economics as it is a dead carcas of an economic sollution but still lingers about killing the income for the majorityIf the very rich people then spend the money here and it 'trickles down', I don't see the problem.
It has been proven rather than spend the increased wealth the rich store it into tax havens and don't spend it on the economy.
It is a backwards failed idea only an idiot would a use, but then kwasi is such
Every government that has used this method has not got the desired effect, it is known as zombie economics as it is a dead carcas of an economic sollution but still lingers about killing the income for the majority
It has been proven rather than spend the increased wealth the rich store it into tax havens and don't spend it on the economy.
It is a backwards failed idea only an idiot would a use, but then kwasi is such
Ok - I don't want to fall out with fellow blues fans. I expressed an opinion, I have been advised I am wrong, but let us see in the next 18 months - 2 years.
Alan Harper's Tash
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- 12 Dec 2010
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- 61,326
The Tories have been shite for 12 years straight.
They‘re on their 4th leader in 6 years.
Let’s see if this new moron is any better and give her 2 years.
Lol.
They‘re on their 4th leader in 6 years.
Let’s see if this new moron is any better and give her 2 years.
Lol.