Comments by "Safir Ahmed" (@safirahmed) on "The rich don’t spend enough – and that means they shrink the economy" video.

Richard J Murphy is not talking nonsense. The cold hard truth is that austerity, benefit cuts, reducing eligibility for social security benefits, cuts to public services, privatisation, reducing the availability and access to affordable quality housing supply and reducing access to NHS healthcare with increased social care costs and massively increased cost of living crisis with higher tax on the lower income groups and low tax on the wealthy will drastically reduce the size of the economy and increase poverty and lead to the collapse of companies with high unemployment, with associated lower quality of life and shorter lifespan in good health. Previous Conservative British government admitted the bedroom tax did not save money and only kept the bedroom tax because they believed it was popular with voters like New Labour does.
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@Nick-io9uk Government owned Bank of England has spent £4 trillion on Quantitative Easing from 2009 - 2022 with £200 billion spent in 2009 with most of Quantitative Easing money gone to institutional investors to support the financial markets, financial institutions and banks with bank bailouts due to deregulation, self regulation and light touch regulation to generate immense profits and bankers bonuses. Austerity is very destructive to the economy, business and the people as state supports reduced and withdrawn. The wealthiest including multimillionaires, billionaires and multinational corporations continue to have very low effective tax rates and continue to receive corporate welfare.
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@maria8809ttt Austerity is a policy that has always been unnecessary as deficits are an indicator of a healthy economy and economic growth thereby achieving government policy objectives to reduce debt.
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@maria8809ttt The entire capitalist system is a pyramid scheme where those at the lowest parts and base of the pyramid generate wealth that is always transferred to the highest parts and to the apex of the pyramid. However the pyramid can only function to benefit the wealthiest when the majority of its participants have confidence in the pyramid structure, scheme and systems and give valuable time, energy and effort in an attempt to provide themselves with financial security and reward for some being decades of contributions and when that confidence ends so will the capitalist system. Alien disclosure and the revelation that humans do not and have not controlled human civilisation and the disclosure of powerful interdimensional entities and sentient AI also will lead to the end of the capitalist pyramid scheme as people will fundamentally question all aspects of existence, question economic rule and ask how and why the wealthiest have always throughout history benefited whilst the poorest have suffered and continue to suffer greatly.
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@dopealien A modern version of the Christmas Carol could have AI busy getting getting robots to make very long heavy metal chains ready for the wealthiest in their eventual afterlife.
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@brad9205 There is a bedroom tax as this tax reduces the amount of benefits paid to the benefits claimant. Previous Conservative governments have admitted that the bedroom tax doesn't save money and the only reason the bedroom tax is kept is because the policy is popular among right-wing voters.
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@brad9205 A reduction in benefits is effectively a tax as this income from benefits is reduced.
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