27 Aug
4:15pm, 27 Aug 2024
25,439 posts
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larkim
No reason why taxing the right people shouldn't be done. That would probably include me and my family, and I'm happy to increase my contribution. I've no particular view about borrowing, other than the old fashioned Keynsian stuff that borrowing to "invest" in the country can and should play its part in wealth creation. Bottom line is that fixing things costs money, at least in the short term. Hence the early line of attack on taxing / borrowing and the black hole. |
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27 Aug
4:16pm, 27 Aug 2024
25,440 posts
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larkim
And yes, not lost on me that the Brexit word is ignored.
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27 Aug
4:18pm, 27 Aug 2024
25,441 posts
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larkim
I don't think it would be fair of me to say Brexit commentary is "whatabouttery", but it would not be 100% of the answer. So, if that is agreed (?), what other critiques are available beyond the Brexit one?
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27 Aug
4:32pm, 27 Aug 2024
7,642 posts
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ThorntonRunner
For me, fixing the NHS and sorting out the care system are paramount, and if you want to talk about "British values" the NHS is the epitome of that. Given that if additional taxation/prudent borrowing is required so be it, and I'd look to fund the care system through inheritance tax. After all, at the moment, those who are unlucky enough to need significant care are seeing their inheritance go on those costs. I'd invoke the British value of us sharing those types of costs, with those most able to pay contributing the most
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27 Aug
4:34pm, 27 Aug 2024
17,697 posts
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jda
The overarching critique is that the “household budget” analogy is completely wrong and has been the cause of untold harm over decades. I think it was probably Thatcher who popularised it more than anyone, and I can see how people would accept it, but political leaders really need to be aware of economic reality. Money actually does grow on trees, at the national level. |
27 Aug
4:36pm, 27 Aug 2024
45,851 posts
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SPR
I've seen a clip from NewsAgents essentially saying this is Osborne's legacy.
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27 Aug
4:41pm, 27 Aug 2024
45,852 posts
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SPR
x.com
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27 Aug
4:57pm, 27 Aug 2024
25,442 posts
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larkim
Agree with the economics 101 position there jda - govts have massive flexibility. However, the old oil tanker analogy is still there; even if the govt decided to harvest from the magic money tree in a way never seen before, the UK's problems wouldn't be solved by Christmas. |
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27 Aug
6:09pm, 27 Aug 2024
17,698 posts
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jda
Yebbut what’s Christmas got to do with anything? Did someone say “if we can’t do it by Christmas we shouldn’t try”?
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27 Aug
6:49pm, 27 Aug 2024
21,668 posts
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Dave W
Liz Truss considered scrapping all cancer treatment on the NHS in a desperate bid to repair the damage caused by her disastrous economic policies, according to a new book. WTAF! |
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