Comments by "Greg Greg" (@SlowhandGreg) on "Do we need to raise taxes?" video.

@maria8809ttt If only Keynes was around today. A lot of current capital and market activity is locked up in FIRE (Finance, Insurance, Real Estate. Post 2008 crash we've seen a huge tax cut for corporations both in the US and UK, it's estimated that the Fortune 500 companies alone spent 3.5 trillion on stock buy backs. We also have the growth in multi national cartels (Oligopolies) especially in Fossil Fuel, Shipping and Wheat. So how much of the old theories still hold is moot.
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Corbyn was a waste of space I've been visiting my brother in Norway, every corporation in Norway has to be incorporated in Norway and pay Norwegian tax no offshoring, plus no zero hour and they control migration.
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The BOE uses interest rate hikes to cool consumer spending creating unemployment which tightens the Labour market We already have a contracted Labour market so the BOE interest rate hikes do nothing bar chill growth and put some businesses into bankruptcy because the current squeeze on consumption is with energy and food which are essential commodities and are controlled by external entities. It doesn't matter how hard the BOE squeezes if people need to heat their homes and eat food to live that consumption will to a certain extent still happen.hence sticky inflation. Any government should look inwards on energy and food production as a strategic resource.
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Look selling off around 1 trillion of your assets and leasing it back is a fk stupid idea you need to factor in between 3-5% profit on 1 trillion that's a 50 billion loss to the public purse from a fixed asset we used to own same goes for water and council houses as a country if we still owned those assets we would be 80+ billion better off, Thatcherism the long tail
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@NigelHeath-gi7xg It's a pretty blunt instrument non of the current fiscal tightening has had any effect on inflation which has been caused primarily by a combination of energy inflation and greedflation by multi nationals profiteering on global instability
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@NigelHeath-gi7xg The way to deal with some of it is to claw back a large portion of the 700 billion government spend from where it has trickled up to. Also apply sweeping windfall taxes. This is from the FT governments know where it's gone As the virus spread, central banks injected $9tn into economies worldwide, aiming to keep the world economy afloat. Much of that stimulus has gone into financial markets, and from there into the net worth of the ultra-rich. The total wealth of billionaires worldwide rose by $5tn to $13tn in 12 months
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BOE owns 25% of all UK debt Banks also have to deposit a % of their funds
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@keithparker1346 Full employment is regarded by economists as < 4% After accounting for the disabled, those on special needs then the unemployable your left with a small % who are in the wrong place, don't have the skills or are just too old to do a physical job
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