Comments by "" (@lonevoice) on "Is Labour ready for government?" video.

With worsening public services, a housing crisis and a growing and economically damaging wealth inequality, Labour need to be transformative but so far all we see are timid Tory Lite policies. They have the scope, whether through MMT, borrowing, a wealth tax etc but so far there is nothing and I doubt that is going to change.
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@RobinHarris-nf4yv Yes transformative. That is what is needed. Perhaps you think that public services are fine, that there is no housing crisis and that the growing wealth inequality is not a problem. Is that really the case? I would be surprised if it is. What is meaningless about a wealth tax? There is a growing wealth inequality within the UK. Having a wealth tax is one means of addressing that. The problem with this inequality is that the affluent are unable to spend enough. They always have a surplus each year which they invest in assets such as shares and property, then as their surpluses grow, they buy more and more assets. This results in ever increasing asset prices through the increased demand and with it increased letting and rental costs. We are then left with a process of a continual drain on the real economy of jobs, services and business which is economically damaging. Interesting that you think that MMT does work. How is that?
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