Comments by "Greg Greg" (@SlowhandGreg) on "Boris Johnson 'has become a massive liability' says professor" video.

  1. we've had 3 years of chaos and were now getting higher taxes than at any time since WW2 plus a shrinking purchasing power and that's after negative wage growth and a stagnant economy under Cameron / May. In those 12 years we've had huge increases in corporate profits and money flowing to the top creating the biggest wealth gap in comparison to other European countries. Voting Tory is literally bad for your wallet
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  2.  @markbanner6473  Under Blair / Brown real wages rose by 25% the deficit was a fraction of its current dizzy heights and we had real growth. Under Cameron real wages fell by -3% and the economy stagnated in terms of growth under Johnson real wages are shrinking again and were in stagflation with the highest personal taxation since the war. The economy has performed that badly in the last 12 years that even before the pandemic the deficit was rising under Tory priorities and we've seen a reduction of 25% in services.
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  3. we've had 3 years of chaos and were now getting higher taxes than at any time since WW2 plus shrinking purchasing power and that's after negative wage growth and a stagnant economy under Cameron / May. In those 12 years we've had huge increases in corporate profits and money flowing to the top creating the biggest wealth gap in comparison to other European countries. Voting Tory is literally bad for your wallet so why are you an activist and what do the Conservatives stand for apart from vomiting on carpets for people on minimum wage to clean up after?
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  4.  @markbanner6473  ? me Your the one denying the statistical reality of 12 years of Tory Supply Side Economic policy. All lower taxes for the rich have done over the last decade and a half is expand inequality reduce services lower people's disposable incomes and increase personal taxation.
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  5.  @markbanner6473  Tory Supply Side Economic policy of tax cuts for the rich has seen an unprecedented reduction in services shrinking disposable income skyrocketing house prices eye watering increases in costs put on graduates and the highest personal tax burden since WW2. The wealth gap has ballooned in the last decade even in lockdown the rich just minted it in while we had to tighten our belts because god forbid you tax someone who can afford it
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  6.  @markbanner6473  The data is from the Office for National Statistics compiled by the government Quotes Britain has now experienced a “decade without growth” according to the Institute for Fiscal Studies and the latest official projections (2018) . FT 2022 Feb The UK is facing two lost decades on living standards The Times Feb 2022 Boris Johnson is leading Britain into the trap of becoming a “low growth, high tax” economy that will lead to a “lost decade” for prosperity. etc etc Leading Economist from the LSE J Van Reenen 2007 The economy is probably the most successful legacy of the Blair years. ... Britain has enjoyed 15 years of continuous growth combined with low inflation.
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  7.  @markbanner6473  I've posted overall trends even the FT regards the Tory decades as shyte I could explain why but your immune to economic theory it would seem
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  8.  @markbanner6473  selective about what 12 years of data
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  9.  @markbanner6473  The current economic plight is rooted in Thatcherism (Supply Side Economics ) and Brexit both tenants of the current regime put both together and your going to have a collapsing economy that will take years to even get back to anything like real growth. Supply-side economics assumes that lower tax rates boost economic growth by giving people incentives to work, save, and invest more. A critical tenet of this theory is that giving tax cuts to high-income people produces greater economic benefits than giving tax cuts to lower-income folks. Essentially, the more money the rich are able to keep, the more the whole economy will grow. But the evidence reveals two fundamental problems with this story. First, its primary prediction is wrong—giving tax cuts to the rich does not increase economic output or create new jobs. Instead, tax cuts for middle- and low-income taxpayers are much more effective at boosting macroeconomic activity. Second, supply-side theory misunderstands the actual mechanism by which tax rates influence macroeconomic activity. While supply-siders maintain that lower rates at the top incentivize people to earn more money, the evidence shows that tax cuts boost output mostly by putting money in people’s pockets and thereby stimulating demand. Why is supply-side economics controversial? Opponents of supply-side economics argue that rather than increasing revenue for the government, lowering taxes will instead increase the deficit. As a result, the government will have to cut programs or raise other taxes to make up for this shortfall, unless it wishes to run a permanent deficit. Most of the UK’s soaring inflation is down to Brexit in an article with Bloomberg Adam Posen a leading US economist said 80 per cent of the reason why the UK will see the highest inflation of any G7 country next year, as per the latest IMF forecasts, is due to the impact of Brexit on immigration and the labour market. He warned that Britain is showing to be less elastic than its counterparts in its post-pandemic recovery, and that it could be trapped in a high inflationary period for longer. “You’ve seen a huge drop in migrant labour, a disruption in labour markets that everybody experienced due to Covid and reopening, but with fundamentally less elasticity… and that [Brexit] has to be a major part of it,” he told a conference at Kings College in London yesterday. “When you look at the monetary factors, the growth factors… the UK doesn’t look that different from the euro area. “When you look at the macro factors, it’s very difficult to see anything other than the labour market issues. “There’s been no regulatory changes… It really seems like Brexit has to bear a disproportionate role in explaining the inflation.” And his analysis doesn't even touch on the trade friction introduced at the borders which has seen a drop of 15% in exports to the EU massive delays and mountains of paperwork adding large huge additional costs on imports/exports.
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  10. we've had 3 years of chaos and were now getting higher taxes than at any time since WW2 plus a shrinking purchasing power and that's after negative wage growth and a stagnant economy under Cameron / May. Boris is the worst PM this country has had and is drain on your wallet, his only skills appear to be employing people who can't hold their drink and vomit all over the place so cleaners on minimum wage have to clear up after them
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