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Richard J Murphy
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Comments by "" (@lonevoice) on "You can’t base macroeconomics on microeconomics" video.
I suspect that there are very influential seriously wealthy people that government is mindful of and is inhibiting government's ability to take the big picture view. They have the capability to be bold and transformative but all we are seeing at present is feeble.
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@musiqtee Since the last century there has been a continuing migration of wealth into tax havens. The people may be offshore but their political influence remains onshore. It is estimated that currently there is about $500bn of corporation tax and $200bn of personal taxes are lost each year through the use of tax havens across western countries. This growing loss and increasing wealth inequality generally is having an impact on the extent to which public services can be provided. There must be a fracture point somewhere, I don't know where it is but I suspect we will continue to sleep walk towards it.
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@musiqtee 👍
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@christinavuyk2026 Money controls the media and what the public think.
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