Comments by "Greg Greg" (@SlowhandGreg) on ""This Will All Be REVERSED!" - Economics Expert On "Unsustainable" Tax Cuts In Jeremy Hunt Budget" video.

  1. How will he pay for it? 130 billion borrowed last year, 120 billion in interest payments as debt to gdp reachs 100%? Austerity shrinks the economy
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  2. Everything a government does on tax and spend has an economic multiplier, removing spending has an economic cost, leveling up should be structural investment which has an economic multiplier > 1 which means removing it costs more to the economy than going ahead and spending it. Your shrinking GDP which brings in less tax so you raise taxes to compensate, this is the current doom loop were in
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  3. 1/3rd of uk councils are on the verge of bankruptcy many are Conservative or were when they got into difficulty The root cause of this is Austerity and spiralling cuts from central government
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  4.  @DJLalr  Every £1 you cut doesn't save £1 its anywhere from +20p to -£1.60p+ Also tax cuts don't grow the economy enough again you could be as low as 20p return in increased GDP to the £1 As I said every part of government tax and spend has a multiplier.
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