Comments by "Alex" (@Alex-cw3rz) on "Channel 4 News" channel.

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  360.  @tjmarx  your analogy is so childishly simplified, it's hilarious. A government doesn't work like that. Governments constantly have inflows and outflows of money, governments have giant amounts of Leverage that can be used to pay for things such as education that not just pay for themselves but also grow the economy massively in the long term. For example every £1 spent on education 16 pounds will be generated. I understand you have never been taught economics in your life so simplified things make intuitive sense to you, rather than actually making sense in reality. I bet you are one of the types that say run your country like your house. Austerity is not sound economically because it causes an economic slump due to lower government investment, services and assistance, this means less is spent in the economy and the less spent in the economy = lower tax revenues meaning that you have to raise taxes more or increase the debt to keep going. I.e. the UK that went through austerity and the debt increased by over 1 trillion in a decade and the tax burden today is the highest since WW2. To put it into your analogy, the next year you wouldn't get 100, you'd get 60 so even though you have cut spending you are still in debt. Now if you cut it more you'll no longer get 60 but 40, and so on. So what normally happens is the government becomes paralysed as due to their economic illiteracy this is not what they expected. So they'll raise taxes and increase debt. As there one goal to give tax cuts to themselves and sell off assets at corruptly cheap prices to their mates, continues.
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  362.  @crown9413  did you genuinely just say the new deal extended the great depression 🤦‍♂️ It ended it this is observable fact. If it caused economic growth why can you give zero examples of that happening. Also I know you are totally out of your depth on the topic on economics but can you explain a "free up labour and resources from the government" would mean. Please just look this up, government spending in real terms has dropped since 2010, look it up now, because if you can't even acknowledge reality this conversation cannot continue. You don't even believe this do you, companies are made of people who at the top want to get rich, if you inventive them to keep more profit they are more likely to take that option so they can get richer. We both know this. What you just said is nonsencial tax is only on profits, therefore unless a company said we have to have X amount of profit after taxes. Which no company on earth does and again I will challenge you to name one, which you keep failing to do. Companies that do talk of profitability talk of pre tax profits. Again remember profits, is post investment, they are post purchases, post maintaince, post wages. How a lower profit percentage return after taxes would effect the other you'll have to explain because as we both know, that's not how it works. Firstly the country with the largest amount of inward investment in europe right now is France with a higher corporation tax than us and a lot higher than Ireland. Not to mention tax havens are not a boom for the people living in those nations as the company economically does not interact with your country causing no effect for the general population. This is really basic economics and obviously observable fact when you look at many tax havens. "We have has Kaynesian economics has been constantly used" are you drunk? What does that even mean are you trying to claim the UK is using Kaynesian economics now? Because that just Shoes you know nothing about economics, do you not feel em barrassed at all? So let's address the first three economic terms you've used this entire conversation it's a shame you have no clue what they mean or how they relate to economics. 1. Deficit spending is occurring because tax cuts on the rich coupled with austerity which causes an economic slump, means the government cannot collect enough money. That is not Kaynesian, in fact that's the opposite 2. Qualitative easing again is occurring because the government is having short falls due to it's economic mismanagement. This again is not Kaynesian economics as it's not even being used in anyway that is used in Kaynesian economics. You should know this this is really basic now. 3. Monetary policy includes the other two, see this is the issue when you have no clue what you are talking about. Not to mention how has our monetary policy caused our current inflation, inflation has been historically low for a decade and it spiked due to profiteering and supply chain shortages. This is a fact just look it up. Sorry did you just blame the international factors in the 1970s on Kaynesian economics in the 60s 🤦‍♂️ you are one baffling human.
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