Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Richard J Murphy" channel.

  1. The question is why Labour are saying nothing. It's because they are salivating at the prospect of using those powers.
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  2. Crap. The money is all lent out by banks, where its productively used.
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  3. They will deliver even more of it.
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  4. Inflation is the rise in prices. Where's your evidence that the prices revert back to what they were? It doesn't. The rate of inflation will change, but inflation is here to stay. Long term rate of price increase, 6% per annum. One reason for poor people in the UK
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  5. Where's the money to pay the debt coming from? Ah yes, austerity. Taxation without services, which decreases the wealth of the population.
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  6. There's £16 trillion of government pension debts. Debt is just negative wealth.
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  7. But richard says debt doesn't matter. Load it all up on the tax payer's credit card. But he does admit it results in future taxation. He doesn't admit that its taxation with no services. ie. Austerity.
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  8. But not freedom from the state stealing your money to pay Richard is million pound plus pension
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  9. Their money has left.
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  10. How's the RSPB going to pay its billions? Same for the MOD?
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  11. You've taxed wealth already. Asset stripped the workers of all those pension contributions. Where's that wealth?
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  12. Taxing cigarettes stops people from smoking. What does taxing work do?
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  13. Lets have consent. For those that want big state, they pay for big state.
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  14.  @littleones-yeahh  I know lots who have left. One of my brothers went to Luxembourg as one example. I left for 8 years for Switzerland, came back to look after parents. How are these highly skilled boat people going to replace the tax when 1.5 million aren't working and on welfare. That doesn't include those on low wages who get welfare on top.
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  15. No its not. It just says what happens and what you can and can't do. We've had 25 years of massive deficit spending. You can look at the historical numbers, but just look at the increase in debts. That's the cummulative deficit spend. Why hasn't that Keynsian stimulus worked?
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  16. GCSE paper. 2025. Who were the tories? 2026 who were labour? No cheating now I’ve give you the questions in advance
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  17. Exactly. They have impoverished people with their pension ponzi.
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  18. At a local junction, the offences are running at 1,200 a hour. 98% by cyclists. We already have a law enforcement agency (the police), but they do nothing. Why do we need another quango to do nothing?
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  19. No. Zero inflation. The target should be the price index. ie. If the current price index is 100. The target is 100. Very simple to do. If the index falls bellow 100, interest rates are cut. If prices go above interest rates go up A stable currency is a good thing.
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  20.  @charliemoore2551  You don't get it. You clearly do not understand capital adequacy.
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  21. Lets look at unproductive wealth. One of the biggest is Richard Murphy's pension. Massive debt = massive wealth for him. It's not doing anything. Lets tax it now. Richard has to find the cash, pay a 30% tax on that couple of million that is his pension. We can then piss it up the wall by spending it. Most other people of course put their money into funds that actually grow the wealth so you need to leave that alone.
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  22. Ah yes, floating rate mortgage + interest rate swap = fixed rate mortgage Labour proposes that the man or woman buying a house has to start buying options and other derivatives.
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  23. So Richard, How are people going to live in their old age when you don't pay them the pension they have paid for? Screw the pensioners.
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  24.  @jimshelley8831  He went to Switzerland. Fechy.
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  25. Exactly. Corruption in the UK is rife. Even within the police there's corruption on a large scale.
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  26. Their money has. Branson has gone. Dyson has gone. That awful plumber has gone. The hedge funds have their assets offshore so they can't be bailed in. They have left and even more. Even the middle class are bailing. That's the more worrying one since they are the ones that fund the mess
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  27. What investments? Where are the accounts for any "investment" the state has made.
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  28.  @GetGwapThisYear  You said "for investment and for the public good." The left constantly go on about investments. So an investment does one of two things. It produces cuts in spending because it saves money, or it generates an income. Those investments need to generate the savings/income to cover the cost of borrowing the money in the first place. So I'd like to see some accounts to see how any of these investments are going. To see if they work. Are they an asset or are they a liability. If the are an asset, its good. If they are a liability, its bad. The liabilities produce austerity.
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  29. You need to look at the bets in place at the time.
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  30. He's not in office. You're deluded.
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  31. If tax doesn't pay for government spending, abolish tax. No need to control inflation etc in Sterling, we all use the Dollar or Euro. It's controlled externally. So deluded. Completely deluded as a simple thought experiment shows.
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  32. Crap on the first bit. You clearly do not understand the role of the BoE when it comes to capital adequacy. On your second point spot on. If we take the second point. Lets abolish taxation. The government carries on spending. Everyone else switches to using the dollar. Now what? The government prints money, no one wants it. So we have a parallel currency. A currency with value, and vouchers. The government pays it workers in the vouchers it prints. For some reason I think that the public sector will object.
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  33.  @stephfoxwell4620  The wealth of Richard, is pilled up, one of the things it does is produce austerity. It's completely unproductive. It's in fact negative. But Richard wants to tax the productive wealth. Lets take one example Dyson. [Not that he's in the UK anymore]. Lots of wealth, but its productive wealth producing jobs sales and other taxes. Richards pension does none of that. Why not a 30% tax on it? He pays that tax now. He can borrow it. That money raised can now be spent by the state on anything.
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  34. Exactly. Politicians doing it directly for cash now, or for cash later.
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  35. Prices still rocketing. The Bank Of England says, please please can we have another go at the 2% target. The target needs to be the price index is the same
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  36. No he sane. He wants lots of tax. He also wants no services. The reason is he wants his fat cat pension paid. So more tax is needed so he can prosper [at other people's expense]
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  37.  GemApps  Oh we do. I suspect you don't. Lets start with a basic economic fact and see if you can answer it. Richard used to be a civil servant. He's owed a pension. Other people have paid the state for their old age pension. So the state owes them that pension. It's debt/liability. How big is that debt? [Balance sheet number] Can you answer? If not then you are the one whose ignorant. A little challenge for you
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  38. They didn't care ever.
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  39. MPs Greens Economic migrants
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  40.  @ster2600  They are hording land. Tax em. They aren't using the land effeciently. Easy to do. Get planning permission on their land, they have to pay the tax. Of course they go bust, state then owns the land so the state pays the tax.
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  41.  @helenheenan3447  No you are largely paying for council debts. Their borrowing where they have "invested" and lost billions. Then their pensions with massive black holes in the accounts that they demand get filled. It's not going on services you receive.
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  42.  @sebgierek1462  The UK doesn't have fractional reserve banking.
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  43. I'd be a bit careful about Richard teaching you accounting. He has a very strange view about debt. Debt in his world gets hidden when it suits him
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  44.  @jimshelley8831  For whom? His staff or himself
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  45. The reason is that after the state takes their surplus, they haven't much left. For example, 20% of their income is taken as NI, and given to someone else. Doesn't go on their services. What if that had been invested? How much wealth would they have had? What if you compare that with what the state offers, including all the off the book debts.
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  46. Pensions. The payout on state pensions is 40% of the value paid in, and they are going to cut that. Pension debts decreases private wealth.
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  47. Latvia has 20% taxes. Latvia isn't like Mogadishu, its not like Port au Prince in Haiti. Why does the government need 50% taxation? Ah yes, its your pension and other hidden debts.
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  48. The Guardian business model.
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  49. Which means it goes on the water bills. When the state has control, who pays the fines then?
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  50. Latvia does well on 20%. We get crap on 45%. Explain.
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