Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Understand the Economy Part 2: What Is Wealth Inequality?" video.
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They didn't run away when the Debt-To-GDP ratio was 270%,and the top rate of tax was 90%. It took until the 1960's,with the expansion of the tax haven network, before we had that. Tax is needed to maintain the infrastructure upon which business relies, and the theft and grift we have been allowing is not helping. So, no more free lunches. No more socialism for the asset wealthy and unfettered capitalism for everyone else. It's about paying their fair share. Yes, they can bugger off to Singapore, or Abu Dhabi, but why go to those places? It's not just the tax, because they are taxed on their consumption, and the state owns everything, and ensures every citizen has a roof over their heads, and has decent Healthcare. It's not free either. But this what you don't get. You are being reductionist and short-sighted. You don't look under the hood of those places. They can only exist if those who live their permanently are content. That the bit about Singapore on Thames BS ignored. Why? Because it was the fantasy of wannabe rich kids who've never even run a tuck shop in their lives, thinking they could run a country like Jeeves and Wooster, who then were seduced by the wads of cash of foreigners who don't care about this country. The people are this country too. They have needs and they were being failed. (And if you saw how the poor native Singaporeans live, you wouldn't be so impressed. They don't even have places to hang their washing except out of the windows of the tower blocks they live in.) Britain could be like London if it's elites had more imagination, and actually care about anyone else but their kith and kin. The one thing a former empire should never do is bring back the norms of the colonies to the home country. And the Chumocracy are so out of touch with the real world, they tried to do that, and took a bullet. Just a thought.
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I suggest your information doesn't reflect the reality of the teaching profession in the US. So many teachers there are leaving the profession, for pretty much the same reasons as British ones. And wages vary by state, so $80,000 in California might just be chicken feed, especially when there are reports of people earning $100,000 pa and living paycheck to paycheck in the US. Should big doesn't it. But when breakfast in a diner in LA costs you $20, you can eat there every day. That's why takeaway food firms, and other discretionary spending products are reporting losses because US consumers are tightening their belts. Hell, even Louis Vuitton (LMVH) is reporting lower profits as their sales are significantly down. And teachers do work outside the classroom and at home, and often end up doing 60 hour weeks. That's why both US and UK teaching professions are haemorraghing talent. It's not just giving the lessons. It's the lesson plans, the marking, writing reports, pastoral care, as well as dealing with children who might have special needs or personal problems, such as poverty, hunger, or behavioural problems, nevermind the parents. Classes are too big, and under-and malinvestment over decades in education is reaping the whirlwind. To be honest, in the Anglo-sphere, our brand of economics is selling families short. And teachers get the brunt of that. You can tell? Why? In the UK, the dropout rate for teacher training alone was about 75%. So 3 out of every 4 graduates drop out before they get their PGCE. And of the those that get through the training, almost all are leaving the profession within 5 years. That's the reality of teaching. It's a vocation, more than a job, because it is personally and professionally demanding, as well as being poorly paid for doing what you're are expected to do. They're underfunded and so are the other staff, and so are the schools. That's why we're selling families short. And no wonder some kids fall off the rails. We need to wake up to what we're sleepwalking our society into.
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Are you familiar with the ONS? Then look up the Labour Share of GDP since 1980. Immigration is not your problem. Nobody from abroad told you to have too few children to support your economic model. You listened to your meal mouthed elites, your betters, who took every cookie jar your ancestors put away since 1945, and shared them with their kith and kin, and rewarded their donors with it. And you voted for that. And now you spout the same mealy mouthed scapegoating of those who robbed you? You are too easily manipulated. You are not in charge of your economy. Your mealy mouthed tubthimpers are, and how they shaped that economy wasn't for the benefit of anyone earning a wage. It was for the ones who own most of this country's assets. All they want you and the migrants to do is get them the money to buy more assets for themselves. And to keep you distracted, they give you migrants to blame for the worries you and your biases allow to take root. They gave you single mothers, the sick and the poor as well to throw under the bus.
What you don't realise that it will be your turn next. They have their plans for you to keep on making them richer, and you and your descendants might just end up under the bus as well. Freeports were only to be the beginning. Open working prisons, with no workers rights, legally outside the law. Let's hope Starmer doesn't have to let those schemes go through, because the only way he's going to avoid it, is by doing as Gary asks.
It's funny that, but you read Gary's book? He was a working class kid in a mixed race area. His neighbours was Asian, and you know a funny thing. He was friends with the eldest boy, and his mum befriended him, and encouraged him to settle down in school, and to work hard, as she was doing with her son. And he listened. His mum and dad upstanding people, god-fearing too. But they didn't get through to him. Not his teachers, not his other mates. That Asian woman did.. She understood him, and saw him not as just kid. She swa his potential. That's the Britain I like. Not the fearful, anxious, petty, mean-spirited Britain, where you can fulfil your potential and put something back, even if it's a kind word. She could have seen him as a rival to her son, and not taken an interest in him. She wasn't vowed by her poverty. She wasn't vowed by fear, or false pride, or envy. She was truly strong enough to be kind. That's what's been buried for so long in this country. And I hope we rediscover that spirit again.
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You must be pretty bored today. You've obviously never had an original thought of your own. Or 1) you would have worked out that Gary was and still is a capitalist. 2) Capitalism is like Ice Cream - it just doesn't come in vanilla flavour. Other countries are less wealthy than the US, but the quality of life for those who work hard, save, and pay their taxes is much better than the US. They have better outcomes like longer life expectancy, less homelessness, less suicide, and less mental health issues than the US, and they're capitalist too. Perhaps it's beyond your Ken, but in many ways you are aren't doing so hot. As Scott Galloway said, America's place to make your money, but Europe is a place to live and spend it. You need to get out more, and see the world as it really is, and learn what it's really like. You'll learn that the American way isn't the only way to do capitalism. There is no perfect way to do capitalism except one - ensure people have what they need, more than what they want. If they want more they can go for it, but not at everyonelses expense. And not at the Planet's expense either. It's the only home we have.
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