Comments by "" (@lonevoice) on "Why Farage Is Beating Tories AND Labour In Latest Poll" video.

Labour have the ideal opportunity to be transformative with their massive Parliamentary majority. There is urgent work to be done, the chance won't come again yet they are throwing it away. Our surging wealth inequality is economically damaging. It is an obvious one yet Rachel Reeves has so far failed to acknowledge or address it. The problem with the wealthy is that they are incapable of spending enough. They always have a surplus above their spending needs that they invest. That tends to be into assets such as property, shares etc and over time as more and more money is chasing these assets, their price increases. The other side of this is that increasing amounts are being withdrawn from the active economy of jobs, business and services into asset purchases. It is an increasing drain on the active economy and it becomes increasingly difficult to achieve growth there. Nearly all of the growth that we see is in asset prices. That in turn has another detrimental effect on the active economy because as asset prices rise, their use within the active economy also becomes more expensive, most notably in the cost of rents. The solution is to reduce this drain on the active economy so that it is manageable. That can only be done through taxation.
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