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Aden Wellsmith
Richard J Murphy
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Comments by "Aden Wellsmith" (@adenwellsmith6908) on "How are you going to pay for it?" video.
Investment. How did that work in Croydon?
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@davidmcculloch8490 Investment. Croydon made big investments. Croydon went bad. Trickle down I agree. It will never work. So why aren't the poor workers investing and building wealth? The answer is that the socialist welfare state takes 20% of their money and redistributes it. That's why you get wealth inequality and other shit outcomes.
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We aren't the 5th, because you are ignoring the debts.
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@GlennLeinster So how big are the UK government's debts? Here's the list of debts 1. Borrowing 2. Pensions 3. Nuclear clean up 4. Losses on insurance contracts 5. The EU 6. Unpaid wages 7. Unpaid invoices 8. Expected payouts - eg post office, NHS damages. I'll start you off. The borrowing first thing this morning was published by the DMO Total Amount Outstanding (including inflation uplift for index-linked gilts) = £2,456.28 billion nominal Can you get the numbers for any of the others? Number 2 surely must be easy. [PS it's a trick question]
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Austerity and spending cuts. The only way.
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@marknaylor9394 How else? The money is going on debts, not services. So public austerity. Or you try and tax your way out. Low take home pay. Personal Austerity. Or you cancel civil service pensions. Austerity for the creditors.
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