Youtube comments of (@RichardJMurphy).

  1. Politely, that is total nonsense. A reduced liability reflects reduced debt. It is wholly misleading to suggest anything else. This comment is simply wrong.
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  2.  @IIC-GusBadran  Governments do not need credit ratings if they can create their own currency. The whole idea is laughable in that case.
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  3.  @PhilipMatthewsPAEACP  We have a. Small debt, but far too high an interest rate. Cutting the interest rate is important. Cut the debt and there will be no government created money left in the economy - and no economy at all. It’s not by chance we have had a national debt for 330 years now. It’s vital.
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  4. Thanks
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  5. So sorry for your experience, and good luck
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  6. Thanks
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  7.  @S34NP4THURL  These things take time…
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  8.  @roymillsjnr5172  Nothing. It’s all, ultimately, government created money.
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  9.  @skasteve6528  Accepted. I got that wrong, but the net outcome pretty much worked out exactly the same.
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  10.  @boptah7489  Politely, that is one of the silliest comments ever. Friedman would definitely disagree with you.
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  11.  @ProgressiveEconomicsSupporter  Thanks
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  12. It is not debt at all. Listen to what I am saying.
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  13. Why should we want to when the future is dependent upion doing so - as our past has been?
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  14.  @nicksutton7377  It’s harder - but actually, these governments do still have their own central banks, so it’s ultimately much the same.
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  15. Yes
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  16.  @col.hertford9855  No. No one has to join the euro.
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  17. We have a video on inflation coming soon
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  18.  @NotnotKingofficial  What is really funny is you will not identify yourself, rather making the point that all you claim is a veneer and the substance of the place persists - it is a secrecy jurisdiction
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  19.  @michaelmayo3127  Thanks
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  20. Wrong, London is not that different. Different yes, but not enough in any way to change my argument on earnings.
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  21.  @IIC-GusBadran  Agreed
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  22.  @jasonbutlerfinancialwellbe2412  No it’s not easy. Like much of what you do, you are making an unjustifiable claim here.
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  23. Of course, because that has no relevance any more.
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  24. What an utterly bizarre comment. You know I co-created the Green New Deal ?
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  25. It is just private savings. Exactly that. Nothing more. And those savings only happen because the government created the money that is saved.
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  26.  @Tensquaremetreworkshop  Thanks Charlie Moore. Why is Tensquare making up what I did not say?
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  27.  @foxmoongaze  Taxation is not, cannot, and never will be theft. Anyone saying that is always a far-right opponent of the existence of the state.
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  28.  @laurietaylor8982  Thanks
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  29.  @martinwright8108  Thank you, Martin; I appreciate your comment.
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  30. Yes. We know each other.
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  31.  @SarahWalker-Smith  They have the power to prevent it
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  32.  @colinbrammeld2038  There is no problem in Scotland and what I propose is not as tight. Nor is it remotely socialist. What else can you get wrong?
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  33.  @mortelski5814  Why make up what I am saying? I am not saying savings should be taxed. I am saying income from saving should be at the same rate as income from work. What is your problem with that?
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  34.  @IDK64  Therebis some discussion of it on my blog tomorrow
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  35. Since all money in our economy is debt created by banks, that would be a waste of time. Why talk about a world that does not exist?
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  36.  @JoinTheTemple  This is economic madness devoid of a relationship with reality, morality or need
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  37.  @colecohen4581  Thank you. Noted.
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  38.  @helenheenan3447  Thanks Helen
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  39. We've been working from home due to lockdown and illnesses. Some new equipment arriving over the weekend that should end the hiss from Richards voice. He currently only has access to an android phone for filming
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  40. Wrong, and the data shows it.
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  41.  @StudentDad-mc3pu  it is very confusing. That’s why I am making these videos
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  42.  @morturn  Positivity is now going to be a theme
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  43.  @woofpet  I will not do that
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  44. Pedantic, but accepted
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  45. I know this is the case in Scotland - but it is not in the centre of cities. There are ample other ways to address this issue in Scotland
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  46.  @ollieisaninja  that sounds like a real mess.
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  47. Thank you
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  48.  @catsupchutney  You need to watch my recent video in this. All money is debt. Nothing else.
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  49.  @laurietaylor8982  I really need to try to set this up
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  50. Did you listen to what i actually said?
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  51.  @SkyEcho7  noted
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  52.  @AndrewWainwrightPA  Yes…
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  53. We aren't. Most of that is not being paid. It is an accounting provision for sums that might be due, maybe, in 15 years time.
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  54.  @lawnvetsswindon4488  See The Taxing Wealth Report
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  55.  @markwelch3564  I admit I almost never watch videos that long
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  56.  @GetGwapThisYear  Sweden has been in for nearly 30 years after promising to adopt the euro and has not done so. Nor would we need to do so.
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  57.  @goodlookinouthomie1757  But that’s their choice. No one is asking them to do this.
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  58. Have you listened to all I said?
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  59. Slip of the tongue Ken. It is trillion
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  60. Why didn't you listen to what I said?
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  61.  @Tensquaremetreworkshop  I removed nothing that I know of. I never suggested removing limited liability from all companies. You made that up.
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  62.  @ProgressiveEconomicsSupporter  I think we are broadly agreeing
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  63.  @vinniep01  On what? If it is the unpaid tax it is in HMRC’s tax gap data - just search it
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  64.  @ProgressiveEconomicsSupporter  I confess I am nit sure what you are asking me
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  65.  @ProgressiveEconomicsSupporter  Yes
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  66.  @piccalillipit9211  No, but I am often told they know what I am saying.
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  67. There is already a video made and coming out next week covering all these topics
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  68. There can be no missing money - there was no income. So, yes, you can vary government tax revenue - bit it still does not make the money you owe if you do earn your own at any time
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  69.  @grolfe3210  What hole are we in? And a Thames crossing is a massive project. In itself your comment makes no sense. But there is literally no hole.
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  70.  @grolfe3210  That is utter nonsense. The UK government can fund whatever it likes if the idea is sound and at a lower cost than anyone else could. If these projects can be done with private finance, they can be done much better with public finance. So, why are you supporting the worst way to build projects when there are better available?
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  71.  @grolfe3210  They are literally the same thing. I suggest you watch a my economics truths series. Right now,n you make no sense..
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  72.  @grolfe3210  I have no idea who you are. But what I do know is you have no clue about macroeconomics.
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  73.  @SarahWalker-Smith  I will be going there
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  74.  @p8700-z5q  I am afraid you are completely wrong. It is not by chance that the highest taxed economies in the world are the richest, and the lowest taxed (excepting pariah tax havens and petrol states) the lowest. The evidence to refute your claim is there for all to see.
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  75. Glad you liked it!
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  76. Not unless you want the far right
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  77.  @PeterBullard  Sime Tories are neo-fascist, not neoliberal.
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  78.  @dcphillips1991  That is about to begin
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  79.  @Incognito-jf1dr  I will
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  80.  @Nemo59646  Both are good - and friends
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  81.  @robertstorey7476  I was a chartered accountant for 40 years. I am a professor of accounting. I have prepared a great many consolidated accounts. I created country-by-country reporting which makes me the only person in the world to have created a new worldwide accounting system alive right now. I think I know exactly what I am talking about. Who are you?
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  82.  @SarahWalker-Smith  there have to be resources for the money lent to be spent on. The limits are always physical.
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  83.  @daphnegilbert7136  the videos are on Spotify
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  84. I am planning to retuire from most of my jobs in the next year...what will be left is what I really enjoy
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  85.  @shazmeister2005  Thanks
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  86.  @VinceLammas , I have suggested to Danny Blanchflower that we do this.
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  87. What do you suggest?
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  88. But, they need to do it….and they have not followed through before
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  89.  @chrism3084  Politely, your claim is utterly ridiculous. Of course you cannot pay more than the proceeds times the marginal tax rate. Why make up nonsense?
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  90.  @Hiram8866  Thanks
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  91.  @flamesintheattic  I was not proposing a wealth tax - I was proposing taxing the income and capital gains from wealth at fair rates. Tread the Taxing Wealth Report. And as I made very clear - I propose nothing that would result in market chaos. So what are you making upon false arguments for?
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  92.  @alex.velasco  Why be confused? Just realise they are acting out of self interest.
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  93.  @foxmoongaze  Politekly, only far-right extremists subscribe to such notions
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  94.  @lkearney7299  No it was not. All that happened was government money creation replaced commercial bank money creation. No serious commentator thinks QE created the inflation in 2021 - 23. Covid reopening and war did that. Politely, your claim is completely untrue.
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  95. Serious answer: I am a social democrat sitting in the middle of where Labour might have been in the 70s. I am totally committed to the mixed economy and was a practising chartered accountant for 40 years, amongst other things. Why on earth do you think I am a Marxist / communist when I have never been near being so?
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  96. I listened again - and could not spot the issues. Sorry you found it that way.
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  97.  @nikolaimiroshnichenko2689  I have written about 22,000 blog posts on this. But if you want a summary Google the Taxing Wealth Report 2024. Start at section 14, but work through all 400 plus pages.
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  98.  @plinble  45,000 people have watched this video. What do you mean?
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  99.  @soulfuzz368  Your concerns are well placed and appropriate
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  100.  @monkey2244  None of which would in any way change this analysis, so what is your point?
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  101.  @catherineclark8589  Only domestic water though……
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  102. Glad to hear that!
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  103. Because in a legal sense it exists
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  104.  @VinceLammas  That would be nice. It would require some lessons in tolerating difference for some of them.
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  105.  @polypoly7966  Politely, you are offering 19th century analysis that is utterly irrelevant today
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  106.  @seanlander9321  What are you talking about?
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  107.  @seanlander9321  But it is not a trillion - and very clearly no longer exists, by consent. So why raise it?
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  108.  @seanlander9321  I suspect very strongly that the debt does not exist. They can be written off.
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  109. you know I co-authored the Green New Deal?
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  110. I did that yesterday.
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  111.  @marcusmoonstein242  Morally, you wish to deny the existence of community and the state or any firm of co-ordinated collective care as if you are utterly indifferent to others. Is that how you define morality, because no wisdom reaction does?
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  112.  @abody499  Then you are part of the problem impeding progress to successful independence.
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  113.  @Mikeybhoy1979 @Mikeybhoy1979  You really have to be very stupid to say that tax is legalised theft. Just think about it and you might (I say might) work out why.
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  114.  @martinsingfield  I never said the provider had to pay the tax, although try not operating PAYE when you should and see what happens. I said tax due was not the legal property of the recipient but of the state. You claim to be very clever. I doubt it when you make comments like this.
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  115. Sorry - it is not. The SNP totally ignores its membership and most are deeply neoliberal. Please don’t pretend otherwise.
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  116.  @Incognito-jf1dr  Thanks
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  117.  @colsylvester639  We have met, but I think it very unlikely she would meet now.
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  118.  @stephenjenkins1323  Thanks. And agreement is definitely not required.
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  119.  @RogerBacon-p1y  I am well aware I promote ideas that might impose cost on me. There is no hypocrisy in that.
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  120.  @vinniep01  Phoenixing has been common for decades. It still is. I have no current data, but a lot of anecdote
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  121.  @Tensquaremetreworkshop  OK, your comments make no sense then. Let’s leave it at that.
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  122.  @adenwellsmith6908  You really are making a mistake. The UK government has no debt. It provides a safe deposit facility. That is a baking arrangement. But it does not have debt, as it creates the means of settlement. It can, therefore always pay.
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  123.  @BenRavilious  I fear they take too much time to organise
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  124.  @michaelhurley3171  Correct
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  125. Politely, I am a middle ground, mixed economy, social democrat. You are the extremist.
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  126.  @joemomberg8624  Such rates do not exist, except in a few very exceptional cases - and I would suggest removing them all. So, politely, you are taking nonsense. WHy not deal with the actual facts?
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  127. So are you planning to appropriate land? Yiu think that rates at that level would be affordable for everyone else? How? Or might better taxes on land transfers be better at achieving this goal? I suggest they would be
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  128. Explain
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  129. Thanks 👍
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  130.  @55tranquility  Most of this nonsense
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  131.  @bettyswallocks6411  I, respectfully, differ.
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  132.  @jamesgould7373  You do realise that if investment is to pay there has to be customers? My policy helps create those customers. You have miss3ed the whole point of what I said. I suggest you start learning some economics…
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  133.  @machindave  Money saved is simply withdrawn from circulation. It never funds lending by banks. There are videos on that. There will be more soon.
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  134. it’s a mistake. Sorry.
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  135.  @adenwellsmith6908  What are you talking about? Your comment makes precisely no sense.
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  136. I am using the governments own analysis to argue with the government. it may not make sense. But I am playing in accordance with their rules and they say this is right. I would not use these accounting standards, for the record.
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  137. it is £1.4 trillion
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  138. I am a political economist and was a practising chartered accountant for 40 years.
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  139. So?
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  140. I am most definitely not a Tory …..
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  141. But this is complicated - and I simplified it as far as possible.
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  142.  @simonadams4807  Yes. Tax charges. Trusts are really not tax efficient now.
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  143. MMT is all about economic reality, as is my video. what are you talking about?
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  144.  @battybibliophile-Clare  I said all that. And I suggested how to solve it too.
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  145.  @roddychristodoulou9111  Read what I said: we aren’t
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  146.  @RuthDouglas-h1b  Can you explain the relevance of that?
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  147.  @SarahWalker-Smith  It has not been 90% since before 2008. Now it is 60% and vastly more regulated. Your claim is very out of date, like most made re money.
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  148.  @danmurphy6541  Thank you
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  149.  @pamelabaines3604  Yes. The owners should sell them whilst orcas are high.
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  150. They create money under licence from the BoE.
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  151. The NHS median wage is uk median wage
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  152.  @timcooke2656  I oppose the tax system you refer to. Read the Taxing Wealth Report 2024
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  153.  @robertstorey7476  I am not saying consolidated accounts don’t have a use for shareholders, but even then they do not reveal a great deal of risk. Why are you happy not to know? And try getting accounts from Jersey. Your claim is completely wrong.
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  154.  @200405InVision  What are you talking about?
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  155.  @200405InVision  Simple answer to that one….
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  156.  @legalfictionisfraud  Why. I was at university at the time and no one showed the slightest comprehension of this at that time.
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  157. I missed nothing. That was not talked about. And changikng the rule also changed nothing. In itself it just created excuses. I was talking about substance.
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  158. We never needed bailing out. But fiat money was not understood then, immediately post the hold standard
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  159. Minimum wage is £11.44 - which is £21,000 near enough for a 35 hour week
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  160.  @sirden1521  Oh dear. If you really think the market economy is not rigged you are sadly deluded. And I am not proposing a command economy. I am pointing out the absurdity of current practice.
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  161. Just because you can, lots cannot. Why not think of others?
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  162.  @RickProcterLane  First, I can’t see the glitches at those points. And let’s not pretend I can do television style production in the time / budget available. And I am a socially liberal social democrat
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  163.  @chrislambert9435  You are missing the point. I am discussing the economics of this, not the minutiae you are clearly concerned about.
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  164. But 45 years’ real world experience certainly does
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  165. Why then has a new law been required to esure it has a clean water supply that does not exist?
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  166. I come on, stop being a pedant.
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  167.  @clivebroadhead4381  That’s a really good memory
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  168.  @seamusweber8298  My commiserations - and good luck with it, even though it makes you feel very alone
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  169. You are welcome
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  170.  @philiphoddell5549  Listen to what I said. The economic migrants are wanted here.
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  171. Glad you like them!
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