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Aden Wellsmith
Richard J Murphy
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Comments by "Aden Wellsmith" (@adenwellsmith6908) on "What is the point of the Tories?" video.
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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Where are the trillions the workers have paid the socialist welfare state?
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@bouncy19661 The problem still remains that the socialist won't face up to. The reason is they have a belief system, and to change your beliefs is hard. People would rather beleive in complete falsehoods than change their beliefs. So lets try it with you. How big are the welfare state's pension debts? A number. Current value. How do you pay it? Again with numbers. For example, the rich will pay. Well that can only happen if their wealth exceeds the debts, and they decide to accept it.
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@bouncy19661 Neoliberalism is just a word used by the left. A magic word that has no meaning. What we need to do is look at policies that cause the mess. The welfare state has zero assets to pay its debts. It's unfunded pensions. It's debts are off the books, again a deliberate policy to keep the money flowing in. The actual number for the curent debt is 16 trillion pounds. All caused by redistribution the contributions, no investing them to produce capital to pay the debts. That a PAYG pension system. That's how the system works. So look at the consequence. Wealth inequality. the state has taken the wealth. So the workers don't benefit from asset inflation as with QE. Pensioner poverty. Now even the income is being stripped from the poor by labour. Austerity. 30% of tax goes on the debts. The state is making a 30% gross profit margin on its services. Low take home pay. It's going on the debt. So you get a cost of living crisis You also get a lack of investment problem The current migration policy won't fix it. Most migrants pay less tax than they cost, and they will demand pensions of their own.
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@bouncy19661 No it cant. The taxable wealth, total wealth of the billionaires in the UK based of the sunday times rich list is 220 bn. I've removed those whose wealth is clearly overseas and not british. I've left in brits even though in some cases I know their wealth is off shore. There's a 16,000 bn pension debt increasing at 10% a year. So what's your plan again? What numbers are you working off? Look, you've been sold a fairy story, that someone else will pay for the mess that the state has created. It's false. But its part of your belief system which is why you have a problem when the numbers are presented.
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@bouncy19661 Explain what you mean by solve? You could solve the pension debt problem by the simple expedient of canceling all state and public sector workers pensions. It's not a palatable solution. People starve and freeze. So unless you can extract the cash from anyone, you are going to get a set up where its even worse than now. Somewhere between what we have an zero pensions.
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@bouncy19661 I know you said tax the rich. The assumption in there is that the rich have enough money/wealth to pay the pension debts. Present your evidence that they do
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@bouncy19661 As I predicted. The question of how much debt and the idea that rich will pay causes you a problem. Your belief, and its a belief that if only the rich have their wealth taken, everything would be fine. But that debt number compared to how much you can get from the rich, shows it won't work. Your beliefs are shown to be wrong, and people can't handle beliefs being destroyed in that way. It's just like victims of fraud handing over more money to fraudsters to get it back. Or gambler's doubling down.
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