Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Who's getting rich from your mortgage?" video.

And all that money was REPAID IN FULL. At PENAL rates of interest, the state made a 35 bn profit on the bail out. The SLS creamed the cash.
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Where's the 20% of your income that's NI. Whose creaming that cash? Gary just trying to distract you. It's someone else, not the socialist that are robbing you blind and putting hyou into debt.
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@garyseconomics You want redistribution. However we already have redistribution. National Insurance is just redistribution. People pay in close to 20% of their income to the socialist welfare state. None of that money is invested to produce capital. It's all redistributed. That leaves a debt. A debt that you won't acknowledge. You've made clear statement that government debt is around the 2.5 trillion mark. That's not the debts. That's just the borrowing part of the debts. The borrowing is £2,646.45 bn as of this morning. DMO number. What about all the other debts? That's why you are trying to distract people. You go one about the debt, but only talk about the money owed to bankers. Why would you only be concerned with money owed to bankers and not money owed to the peasants?
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@ There's already been a massive tax on wealth. National insurance at the end of the day is a wealth tax. 20% of your income is taken and given to someone else. As a result you are deprived of the wealth that money would bring. For Mr Average, if his NI had been invested and he retired at the end of last year, his fund would have been worth 1.15 milllion. He's lost all that wealth. It's a wealth tax. Then we have the debts. He's owed a pension, as other people who have paid in. That's a debt that the state owes people. How big is that debt? Gary won't tell you how big it is. He will just tell you how big the borrowing is. That's the only debt that matters to him. I suspect its because he's a banker and bankers want to be paid even if the peasants aren't. He then comes along and says look the debt is affordable because the ratio of debt to GPD is 1. But if you want to fiddle affordability, what do you do? 1. Decrease the debt number. Leave off pensions, wages, invoices, insurance, damages, the EU, nuclear clean up. Makes the ratio look better. 2. Increase the income. Eg. GDP not tax receipts. Even that's an inflated number. 100% of tax going on debt's never going to work. The simple test for Gary is for him to come back and itemise the debts. I've given him a free starter. The borrowing this morning was £2,646.45 billion [DMO number] What do you conclude if he can't find any of the other numbers? What do you conclude when, if he does, that number exceeds the debt he reported on? Hiding the debts so the peasants carry on paying in is the name of the game.
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