Youtube comments of Greg Greg (@SlowhandGreg).
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@danielwebb8402 That's because the economy has been stagnant due to errr Austerity
The fiscal multiplier for Austerity was found to be 1.6 back in 2013 your literally causing your own economy to shrink by doing what they did at such a massive scale
Quote from the economist
In 2012, new IMF research suggested that, from the start of the world recession in 2008, fiscal multipliers were actually much larger than 0.5 – and in the range of 0.9 to 1.7. This is a finding consistent with earlier research on fiscal multipliers in the aftermath of the 2008 crisis.
If these figures are correct – and especially if the fiscal multiplier is well above 1 – austerity is not only unlikely to reduce a government’s fiscal deficit (and eventually public debt); its effect on overall economic performance will be seriously damaging. This is because, if, for example, the multiplier is 1.7, a reduction government spending of 1 percent of GDP will cause real GDP to fall by 1.7 percent.
In short, if the fiscal multiplier is positive but less than 1, austerity will cause GDP to fall by less than the reduction in government spending; but, if it is positive and greater than 1, austerity will cause GDP to fall by more than the public spending cut, thereby deepening the recession.
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from the LSE and lets not forget there's a 2 billion tax break for bankers in the next budget, government money is NOT a household budget it circulates generating more economic activity reducing / increasing wages has pro's and Con's
Quote
Pay rises are affordable
In the first instance, our intention was to undertake this analysis for AFC staff across the entire United Kingdom. However, as a result of limited data availability, to assess the affordability to the Government of potential pay increases for AfC staff, we estimated the net Exchequer impact associated with an illustrative 10% increase in the total pay bill for AfC staff in England (only) in 2021-22. Despite the focus of this analysis being AFC staff in England, the economic benefits accrued by the Exchequer reflect the enhanced spending benefitting all industries throughout the entire UK economy.
The headline Exchequer cost associated with this 10% pay bill increase was estimated to be £3.40bn. However, offsetting this cost, the aggregate Exchequer benefit resulting from this 10% increase in total AfC pay was estimated to be £2.74bn (or 81% of the initial Exchequer cost), consisting of:
£1.60bn in additional tax receipts from AfC staff and their employers – with PAYE taxation, employee National Insurance and employer National Insurance offsetting 22%, 11% and 14% of the initial Exchequer cost, respectively;
£0.89bn in wider direct, indirect, and induced tax receipts generated by AfC staff’s increased consumption throughout the entire economy – offsetting a further 26% of the initial Exchequer cost;
£0.13bn in cost savings from the improved recruitment and retention of NHS nurses and midwives (equating to 21,790 service years over the period of analysis) – offsetting a further 4% of the initial Exchequer cost; and
£0.13bn in cost savings from lower student loan write-offs for nursing students – offsetting a further 4% of the initial Exchequer cost.
The net cost to the Exchequer associated with this illustrative 10% increase in the total bill for AfC staff pay in England was therefore estimated to be £0.66bn. To place this in context, this net Exchequer cost represents approximately 0.075% of total government expenditure in 2019-20 – equivalent to 7½ pence per £100 of government expenditure.
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He won't like that long he's been known to take Adderall probably originally prescribed for his ADHD
Misuse of Adderall
Due to its addiction potential, a person can rapidly move from Adderall recreational use to misuse to addiction. The physical, psychological, and behavioral symptoms can include:
Sociability, talkativeness, and fast thoughts
A sense of grandiosity, invincibility, and intense wellbeing
Dry mouth, nausea, and vomiting
Nervousness, anxiety, and panic
Manipulating Adderall’s format (e.g., crushing and snorting it)
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Why would anyone leave the ECHR?
The rights and freedoms secured by the Convention include the right to life, the right to a fair hearing, the right to respect for private and family life, freedom of expression, freedom of thought, conscience and religion and the protection of property. The Convention prohibits, in particular, torture and inhuman or degrading treatment or punishment, forced labour, arbitrary and unlawful detention, and discrimination in the enjoyment of the rights and freedoms secured by the Convention.
Let me guess it precludes governments from behaviour akin to the 30's in sending refugees to concentration camps in East Africa
Aside from the fact it will cost 1 million per person the Rwanda scheme is nothing but a Pony show for the deluded
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The Asylum problem has exploded exponentially since Brexit its almost as if working closely with your partners and allies has real benefits
Now we have an insane policy costing millions complete logjam in the system and a promise that a concentration camp in East Africa is the answer as the British Government engages in people trafficking
Quote from the ECONOMIST
It is far too easy to run lawbreaking businesses in Britain
The Tories are obsessed by small boats. They should stop the dodgy car washes and sweet shops instead
Always judge a man by his shoes. What works as a rule of thumb for fashionistas also works for people rooting out dodgy employers in Britain. The best way to check whether a car wash is legitimate is to look at the workers’ feet, says Mary Creagh, the chair of Ethical Trading Initiative, which looks at labour abuses. A legal operation will have workers in proper boots, as they scrub vehicles by hand. A dodgy one will see poor souls scrubbing cars in soaking trainers. If a business is skimping on wellies, it is probably breaking other rules—whether paying below the minimum wage or hiring people who do not have the right to work in Britain.
Hand car washes, of which there are at least 5,000 across Britain, are the archetypal example of Britain’s black-market economy. Rishi Sunak, the prime minister, fears that the tens of thousands of people who cross the Channel in small boats each year will “just disappear” into this economy unless something is done. The government has launched a crackdown on arrivals, signing a £479m ($575m) deal with France to stop migrants and announcing draconian new laws to detain and deport those who make the crossing. But as the government panics about small boats, it ignores the reason why many make the trip: the Conservatives have made it too easy to run a lawbreaking business in Britain.
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This is the Trickle down Supply Side Economy the Tories have built with Millionaire Billionaire wealth doubling during the pandemic
Sunak's budgets have been full of tax breaks for the rich tax hikes for middle and lower class ex Millionaire pensioner tax break V Fiscal drag for middle and Lower Class
This is the economy the the Tories have built for the 1% whose wealth they won't touch enjoy your Turnip Serfs
Quote
Luxury goods boom in Britain as super-rich youngsters buck the recession
Rich kids fuel sales of brands such as Burberry, Louis Vuitton and Gucci
They’re young, rich and mortgage-free, and the scions of the 1% are having a roaring twenties.
Despite the economic gloom currently shrouding the UK and many other western countries, sales of luxury brands have been booming and growing numbers of buyers are young adults.
Swiss watches, Louis Vuitton trainers, rare Birkin bags and 81-year-old whiskies are among the products that are fuelling impressive growth in the bottom lines of luxury brands such as LVMH, Burberry and Kering.
Imports of Swiss watches to the UK were up by 31% in the first half of 2022, according to the Federation of the Swiss Watch Industry – the average spend at the Watches of Switzerland group being about £6,000. Meanwhile, sales of watches below £2,500, sometimes referred to as “mid-range”, are falling.
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Tories trusted on the Economy?
You have to be kidding Austerity + Thatcherism + Brexit = an economy going down the toilet
So how do labour cut taxes for workers simple reverse Tory FISCAL Drag
For example a 1p tax cut which the Tories are going to promise for the election
quote
With a total cost to the Treasury of just over £5 billion, that means around £2.5 billion would be handed back to those on the highest incomes – compared to £137 million to the lowest.
In cash terms, someone earning £20,000 would see their tax bill lowered by £74 a year, whereas someone earning £50,000 would gain £374 - more than five times as much.
EndQuote
If you look at Fiscal drag your taxes have rocketed
11,000 20% 2016
43,000 40%
12,570 20% 2023
50,270 40%
14,305 20% 2016 figures put into the BOE inflation calculator that is a staggering rise in tax at the lower end as that threshold includes NI EVEN those on 50k would be better off with higher thresholds
55,920 40%
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So protests are allowed if they don't upset anyone?
Suffragettes would be banned now and they resorted to far more activist campaign
stop vilifying the messenger and listen to the message
Renewable energy is cheaper than fossil
and
we are paying hundreds of billions in fossil subsidies
quote
Boué highlights the decision in 2016 by the then Chancellor, George Osborne, to zero-rate, rather than repeal, petroleum revenue tax. This meant that oil companies stopped paying any tax, but could still claim rebates from the government for the cost of decommissioning old oil rigs, estimated at £51 billion ($66bn) by energy consultants, Wood Mackenzie.
The UK Office for Budget Responsibility has forecast that between 2016 and 2022 petroleum revenue tax will result in a net loss to the exchequer of £500 million a year. “The UK government will be footing the bill for around 45 per cent of the future decommissioning costs in the North Sea,” Boué says.
“British taxpayers can look forward to a future in which the country will still be producing quite substantial volumes of oil and gas, but the petroleum fiscal income that the UK government will derive therefrom will be at best marginal, or more likely be negative.”
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@yodaguy6956 Probably not but I'm on a mission to get people to look at what "Supply Side Economics" is so there better informed anyway these 3 talking heads are boosters for it.
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.
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From Open Democracy
An influential Tory-linked lobby group leading the backlash against the UK government’s net-zero policy has received hundreds of thousands of dollars from an oil-rich foundation with huge investments in energy firms, openDemocracy can reveal.
The Global Warming Policy Foundation (GWPF), which also campaigns as Net Zero Watch, has also received more than half a million dollars through a fund linked to the controversial billionaire Koch brothers.
Tory leadership candidate Penny Mordaunt is under pressure to explain donations she has taken from prominent climate sceptics despite maintaining she backs the UK’s commitment to reduce greenhouse gas emissions to net zero by 2050.
The trade minister has previously received £20,000 from First Corporate Consultants, a company run by Terence Mordaunt, who chaired the Global Warming Policy Foundation (GWPF) between 2019 and 2021.
From a climate watch blog
Tory leadership candidate Kemi Badenoch, a junior minister in the department for Levelling Up, Housing and Communities, received £1,000 from Michael Hintze for a ticket to a Conservative Party fundraiser in November, according to the register of interests also that three other Tory leadership candidates – Suella Braverman, Penny Mordaunt and Jeremy Hunt – have links to climate science deniers.
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the Tories really are just useless and should to a man leave politics entirely if this is the calibre they have to offer there not even tackling the underground labour market people are coming here because we have NO ID cards and few checks
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It is far too easy to run lawbreaking businesses in Britain
The Tories are obsessed by small boats. They should stop the dodgy car washes and sweet shops instead
Always judge a man by his shoes. What works as a rule of thumb for fashionistas also works for people rooting out dodgy employers in Britain. The best way to check whether a car wash is legitimate is to look at the workers’ feet, says Mary Creagh, the chair of Ethical Trading Initiative, which looks at labour abuses. A legal operation will have workers in proper boots, as they scrub vehicles by hand. A dodgy one will see poor souls scrubbing cars in soaking trainers. If a business is skimping on wellies, it is probably breaking other rules—whether paying below the minimum wage or hiring people who do not have the right to work in Britain.
Hand car washes, of which there are at least 5,000 across Britain, are the archetypal example of Britain’s black-market economy. Rishi Sunak, the prime minister, fears that the tens of thousands of people who cross the Channel in small boats each year will “just disappear” into this economy unless something is done.
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Tax cuts don't encourage growth and most of the spending increases are self inflicted with Brexit
Quick economics primer
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.
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.
Which is whats been happening for the past 12 years
2010 debt to gdp 62%
2019 debt to gdp 82%
2022 its 100% with ZERO projected growth 1% of GDP = 8 Billion in TAX
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@mn5499 no there isn't I presume your a millionaire
Quote
"Based on our research, we would argue that the economic rationale for keeping taxes on the rich low is weak," Julian Limberg, a co-author of the study and a lecturer in public policy at King's College London, said in an email to CBS MoneyWatch. "In fact, if we look back into history, the period with the highest taxes on the rich — the postwar period — was also a period with high economic growth and low unemployment.
Quote
Start with the economy. Over the course of the neoliberal era, economies around the world have become more and more unequal. In the United States, the wealthiest 1 percent took home about 8.5 percent of the national income in 1976. After a generation of neoliberal policies, in 2014 they captured more than 20 percent of national income. In Britain, the top 1 percent captured more than 14 percent of national income—more than double the amount they took home in the late 1970s. The story is the same in Australia: The top 1 percent took about 5 percent of national income in the 1970s and doubled that to 10 percent by the late 2000s. As the rich get richer, wages have been stagnant for workers since the late 1970s. Between 1979 and 2008, 100 percent of income growth in the U.S. went to the top 10 percent of Americans. The bottom 90 percent actually saw a decline in their income.
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Tax cuts don't encourage growth and most of the spending increases are self inflicted with Brexit
Quick economics primer
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.
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.
Which is whats been happening for the past 12 years as they fail to tax high earners
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@mikeyacson9542 Tory policy is the disaster not Freedom of movement
Quote from the Economist
It is far too easy to run lawbreaking businesses in Britain
The Tories are obsessed by small boats. They should stop the dodgy car washes and sweet shops instead
Always judge a man by his shoes. What works as a rule of thumb for fashionistas also works for people rooting out dodgy employers in Britain. The best way to check whether a car wash is legitimate is to look at the workers’ feet, says Mary Creagh, the chair of Ethical Trading Initiative, which looks at labour abuses. A legal operation will have workers in proper boots, as they scrub vehicles by hand. A dodgy one will see poor souls scrubbing cars in soaking trainers. If a business is skimping on wellies, it is probably breaking other rules—whether paying below the minimum wage or hiring people who do not have the right to work in Britain.
Hand car washes, of which there are at least 5,000 across Britain, are the archetypal example of Britain’s black-market economy. Rishi Sunak, the prime minister, fears that the tens of thousands of people who cross the Channel in small boats each year will “just disappear” into this economy unless something is done. The government has launched a crackdown on arrivals, signing a £479m ($575m) deal with France to stop migrants and announcing draconian new laws to detain and deport those who make the crossing. But as the government panics about small boats, it ignores the reason why many make the trip: the Conservatives have made it too easy to run a lawbreaking business in Britain.
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We have eye watering levels of personal taxation due to Thatcherism = Supply Side Economics
We have private utilities we have no control over because Thatcherism
We have no control over our North Sea deposits because Thatcherism
Osborne Sunak same old failed policies recycled Thatcher got away with it by bribing people with Oil tax money and a one off sale of Britain's assets its a total failure since
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.
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Report in the New York Times, the Oligarch donor connection won't go away especially after Dorries comments about donors wanting Bozo
Major Donation to U.K. Conservative Party Was Flagged Over Russia Concerns
The donation, of $630,225, was made in February 2018 in the name of Ehud Sheleg, a wealthy London art dealer who was most recently the Conservative Party’s treasurer. The money was part of a fund-raising blitz that helped propel Prime Minister Boris Johnson and his party to a landslide victory in the 2019 general election.
But documents filed with the authorities last year and reviewed by The New York Times say that the money originated in a Russian account of Mr. Sheleg’s father-in-law, Sergei Kopytov, who was once a senior politician in the previous pro-Kremlin government of Ukraine. He now owns real estate and hotel businesses in Crimea and Russia.
“We are able to trace a clear line back from this donation to its ultimate source,” Barclays bank wrote in a January 2021 alert to the National Crime Agency. The bank, which maintained some of the accounts used in the transaction, flagged the donation as both suspected money laundering and a potentially illegal campaign donation.
A lawyer for Mr. Sheleg acknowledged that he and his wife received millions of dollars from his father-in-law in the weeks before the donation. But they said that was “entirely separate” from the campaign contribution.
“There is absolutely no basis for suggesting that Mr. Kopytov’s gift for his daughter was intended as, or for the purpose of making, a political donation to the Conservative Party,” the lawyer, Thomas Rudkin, wrote in response to questions from The Times.
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Free Market Economist?
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.
So free Markets don't work for 99% of the economy
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You've got it completely wrong there is no higher taxes the last budget gave a tax break to millionaire pensioner another to Bankers and the fossil industry the 1% doubled their wealth over the last 2 years Trickle Down Supply Side Economics is doing exactly what its designed to do.
Look at Sunak he payed 20% on the bulk of his income because CGT doesn't match income tax and even then if your salaried your paying NI as well.
They even have the word in their party name CON-servative
Quote
Luxury goods boom in Britain as super-rich youngsters buck the recession
Rich kids fuel sales of brands such as Burberry, Louis Vuitton and Gucci
They’re young, rich and mortgage-free, and the scions of the 1% are having a roaring twenties.
Despite the economic gloom currently shrouding the UK and many other western countries, sales of luxury brands have been booming and growing numbers of buyers are young adults.
Swiss watches, Louis Vuitton trainers, rare Birkin bags and 81-year-old whiskies are among the products that are fuelling impressive growth in the bottom lines of luxury brands such as LVMH, Burberry and Kering.
Imports of Swiss watches to the UK were up by 31% in the first half of 2022, according to the Federation of the Swiss Watch Industry – the average spend at the Watches of Switzerland group being about £6,000. Meanwhile, sales of watches below £2,500, sometimes referred to as “mid-range”, are falling.
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The reason we have high personal taxation is because the Tory boys don't want to touch taxation at the top or on unearned income or on wealth so pile it all on those with lower earnings.
Thatcherism = Supply Side Economics the root of 12 years of Austerity and the collapse of northern industries + now the collapse of SME's thanks to Brexit
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.
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Why would you ever vote Conservative I'm curious since the age of Thatcher they have pushed Supply Side Trickle Down economics that has devastated large parts of the country and Reform are a more extreme version.
Germany managed to keep large parts of its manufacturing during the change we just boarded ours up, the Thatcher economy was kept afloat by Asset Stripping, Oil Money and Council House giveaways with the money plowed into bribing a generation.
Blair / Brown slowed it right down as soon as Cameron came in it was back to Supply Side Trickle down with devastating effects which are going to see 2 decades of economic stagnation.
As an example 2 billion was in the budget for millionaire pensioners that had to be paid for by freezing tax allowances at the bottom
This is what you kept voting for
quote
Luxury goods boom in Britain as super-rich youngsters buck the recession
Rich kids fuel sales of brands such as Burberry, Louis Vuitton and Gucci
They’re young, rich and mortgage-free, and the scions of the 1% are having a roaring twenties.
Despite the economic gloom currently shrouding the UK and many other western countries, sales of luxury brands have been booming and growing numbers of buyers are young adults.
Swiss watches, Louis Vuitton trainers, rare Birkin bags and 81-year-old whiskies are among the products that are fuelling impressive growth in the bottom lines of luxury brands such as LVMH, Burberry and Kering.
Imports of Swiss watches to the UK were up by 31% in the first half of 2022, according to the Federation of the Swiss Watch Industry – the average spend at the Watches of Switzerland group being about £6,000. Meanwhile, sales of watches below £2,500, sometimes referred to as “mid-range”, are falling.
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I read the FT as well as numerous other financial sources
Qoute
Brexit and the economy: the hit has been ‘substantially negative’ The UK debate around Brexit is shifting in light of new data showing the consequences of leaving the EU. In new a four part series, the FT examines the impact on Britain’s economy, trade, business and politics.
Quote
There is also a cost. Bullying and harassment at the NHS was found to waste at least £2.3bn a year, through employee absence, diminished productivity as well as compensation and legal costs.
Stanford University professor Robert Sutton cites in his book The No Asshole Rule the example of Ethan, a star sales person who also routinely insulted and bullied coworkers. HR decided to quantify the cost of his bad behaviour, which it put at $160,000, including the cost of employment counsel, hiring and retraining an assistant, but omitted the fallout for targets, and bystanders, such as decreased productivity, staff turnover and reputation
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@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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If your going to go on a tirade over renewable Energy get your facts straight and don't introduce complete misleading BS and both Tata and Petroineos are private companies so how is Milliband killing British Industry?
Port Talbot is closing because of brex1t
On June 30, 2026 the carbon border adjustment mechanism (CBAM) will be fully operational in the EU.
(CBAM) applies a charge to carbon emitted during the production of imported carbon-intensive goods, such as aluminium, cement, iron and steel.
At which point it becomes uneconomic to export there and there is no certainty of exports to other markets since we decided to become billie no mates.
and
Petroineos is a joint venture between PetroChina International London (PCIL) and INEOS Group, a British chemicals firm founded by billionaire Sir Jim Ratcliffe.
The company cited economic difficulties as the reason for the closure, stating that the company had invested $1.2 billion since 2011, and returned losses in excess of $775 million over the same period.
"Grangemouth is increasingly unable to compete with bigger, more modern and efficient sites in the Middle East, Asia and Africa. Due to its size and configuration, Grangemouth incurs high levels of capital expenditure each year just to maintain its licence to operate," the company said.
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@coina-dig-tion6322 you can find anecdotal evidence to prove anything you want, I work in IT and am a bit of a numbers math man if you circle out and strip away the anecdotes and stories that the media use to get you to have an emotional response and analyse the data then your making decisions based on provable cause and effect.
There's a reason the murder rate is higher in Republican counties that voted for Trump but your not going to like it
NY has a low murder rates compared to LA (Louisiana) which is x4 the number of homicides reason 1 is NY has greater gun control a person shot with a handgun has a chance of surviving and their fire rate is way under an assault rifle, an assault rifle bullet travels 3x faster when it hits the body starts spinning and shatters bone as well as liquifying internal organs before making an exit wound the size of an orange the other side.
The second reason is Trump his grievance politics is fueled on hate and he's spent 4+ years amplifying the messages aided by right wing media, if you drum into a large enough population sample that the election was stolen, the Democrats are enemies, Muslims are all terrorists, Mexicans are drug pushers and rapists you'll get a much more violent response when these people are triggered into doing what they do.
Unemployment if you take a sample of 1000 in a small town make them unemployed then give them benefits while they seek re-employment they will continue to spend that money in the local community, the landlord gets his rent the utility company gets their money the local store still sells them goods. If you don't give them Unemployment benefit your punishing the local community who then take on the shortfall that the unemployed no longer put into local businesses. You get 1 or 2 per 1000 who abuse the system but trying to build a system that weeds them out screws over businesses that depend on the 998
In the case of the utility company they will pass the increased costs from default onto their paying customers the small businesses may have to sack some staff just making the problem worse.
Fiscal policy if you print trillions to prop up the economy its a good idea to know where its gone I'm comfortably off my portfolio has doubled in value and the property I own has gone up by 50% in 3 years, the media don't want to talk about it as if you tax the high earners it will slow the market and property price increases down, this year I've released 150,000$ from my savings portfolio to do extensive renovations and an office extension which - fuels inflation I would have done less comprehensive renovations if my investments had say been inflation +2%.
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this is an article from 2023 Aug
More than 100 MPs have enjoyed free hospitality to concerts and sporting events worth more than £180,000 this summer, with tickets given away by banks, oil companies, the gambling industry and media firms.
The chancellor, Jeremy Hunt, the deputy prime minister, Oliver Dowden, and the Labour leader, Keir Starmer, are among those who have benefited from a growing trend for politicians accepting giveaways.
If we want to change the system then we need to lobby for it
and
They all accept freebies this isn't a Labour thing and Starmer's 24k averaged a year isn't particularly noteworthy given he is leader of the opposition and would be wined and dined by various groups.
You could try ban it then transparency goes as it goes under the table
also
The biggest transgressors were the likes of Farage and Boris, Nige gets over 1 million a year from an offshore billionaire and Boris was hand out central he didn't pay for anything.
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