Comments by "Aden Wellsmith" (@adenwellsmith6908) on "UK economy: £25bn in tax rises ‘needed’ to rebuild public services say IFS" video.

  1.  @legendarybluecollar  And add on top, subsidising EU nationals in the UK Simple solutions are no wefare and a 40K a year minimum tax code.
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  2.  @Patrick-fm5dk  There's a deficit. Mr Average 38.5K a year doesn't generate enough tax revenue from all sources to fund the state. Mr non working illegal migrant certainly doesn't.
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  3. Exactly.
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  4. Raising taxes means austerity for the peasants.
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  5. No its not. Public borrowing is 100%. Public debts are multiples of the borrowing. 16 trillion for pensoons for example.
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  6.  @mydogeatspuke  Socialism. The welfare state runs a socialist penson ponzi. It's not the label, [Labour or Tories], its the policies.
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  7.  @Jonny-w3w  No. The SLS [Special Liquidity Scheme] let money to the banks. The bailout. That was at penal rates of interest. All the money was repaid in full. The Bank of England made a 35 bn profit on the bailout, given to the treasury, and spent.
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  8. You're a peasant mate. An oik. Hand over your cash, doff your hat and say thank you to your lords and masters.
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  9. The cause of austerity is government debt.30% of tax goes on the debts.
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  10.  @mydogeatspuke  and the debts grew by 0.8% last month. That's the monthly increase in those hidden pension debts. So where's the other growth going to come from? How much growth do you need to stop things getting worse?
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  11.  @CrusaderKong  The debts, plural, are not 100% of GPD. The borrowing is, but the debts are way way bigger. Here are the top 10 debts 1. Borrowing 2. State pension 3. Civil service pension 4. Unpaid wages 5. Unpaid invoices 6. The EU 7. Expected losses on insurance contracts 8. Expected damages (Post office, NHS etc) 9. Nuclear clean up (paid up front, state pays for the work) 10. Expected losses on guarantees. Why just state that the only debts are the money owed to bankers?
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  12.  @CrusaderKong  No you are talking about the money owed to bankers. You have taken the numbers given by the state [the people who hide the debts at face value]. Why do you believe them? The borrowing, as of this morning Total Amount Outstanding (including inflation uplift for index-linked gilts) = £2,561.37 billion nominal That's the number for the Close of Business yesterday, from the debt management office. GDP in the UK is arround the 2,500 bn mark. That says your 100% number is borrowing to GDP, not debts to GDP Here's the way you can prove it. How big are the pension debts? That's on top of the bororwing. Clearly a lot of money. Can you find the number? PS That''s a trick question. The number is hidden.
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  13.  @CrusaderKong  PS. Some of those other debts are in the WGA. Whole of Government accounts. Search for the balance sheet.
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