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Tax the rich, which the British have done in earnest since the end of WW II, and you, too, can be poor. If the rich don't have discretionary money to invest, they don't, and who wants to invest in a decaying economy anyway?
originally posted by: schuyler
Tax the rich, which the British have done in earnest since the end of WW II, and you, too, can be poor. If the rich don't have discretionary money to invest, they don't, and who wants to invest in a decaying economy anyway? Investing in rust isn't cost-effective. Unintended consequences: Britain has found them. Hurry, USA, and catch up! Prove your Anglophilia! Tax the rich! Then we can all have nothing together! Equality at last!
The cause of this is extremely simple: House price inflation. The excessive cost of having to put a roof over your head in the UK is the sole and only reason behind this.
The only winners are bankers and politicians.
Unfortunately 95% of the uk population are far to apathetic and dumb to realise this.
All part of the - divide and keep them conquered routine, as I'm sure you know.
originally posted by: Freeborn
Just as many southerners perceive us as flat-cap wearing, whippet racing, Brown Ale drinking Neanderthals many here stereotype all Southerners as silver spoon fed, toffee nosed public school boy spoilt brats or Harry Enfield like 'Loadsamoney' pricks - the realities are quite different.
originally posted by: Freeborn
a reply to: schuyler
The rich aren't over taxed in the UK - far from it.
And the wealthy elite have ample 'discretionary money' to invest, which they do, with the single purpose of accruing even more wealth. But they refuse to invest in the things that matter like the infrastructure or industry that provides well paying jobs that enables people to spend more in the economy.
Money is either being drained out of the country or the wealthiest insist on sitting on top of gross amounts of money whilst doing absolutely nothing constructive whatsoever.
originally posted by: Freeborn
The rich aren't over taxed in the UK - far from it.
originally posted by: Freeborn
And the wealthy elite have ample 'discretionary money' to invest, which they do, with the single purpose of accruing even more wealth. But they refuse to invest in the things that matter like the infrastructure or industry that provides well paying jobs that enables people to spend more in the economy.
originally posted by: Freeborn
The reality is that the manufacturing base of the country has been run down to the point of it being almost non-existent. We have become a nation of service providers.
In addition, with the introduction of the minimum wage previous well paid jobs now pay minimum wage - profit goes up as labour costs go down.
originally posted by: Freeborn
We have seen the advent of the criminal zero hour contract, something many employers use and abuse to maximise profits at the expense of workers rights.
originally posted by: Freeborn
Britain has enormous amounts of wealth - wealth that could and should be used to improve standards and conditions for all of its people and not just a select few and those from London and the surrounding regions.