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Post by snowstorm on Nov 16, 2017 18:56:17 GMT
Well it has been true for some time now that the wealthy keep getting wealthier, regardless of what’s happening to the rest of the population. The system is broken in that the wealthy can keep reinvesting, living off the proceeds and have money left over to further build their little empires. The tipping point is apparently about 7 million euro’s, that’s the point at which you no longer have to work for a living. Anything above that is gravy, at least for a single human lifetime. And as far as the wealthy are concerned, taxation may as well not exist. There is this idea sometimes that wealth is acquired just through hard work, but a lot of it is as you say making money out of money, making the money work. Then there is the side of business where people are providing a poor product/service but still manage to persuade people to part with cash. There's the whole circus of business/accountants saving tax through complicated loopholes. I also really question what would have happened if the few banks hadn't been bailed out at the time of the financial crisis, as surely no other sector would have been propped up like that.
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Post by Admin on Nov 17, 2017 10:18:34 GMT
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Post by Admin on Nov 19, 2017 7:47:27 GMT
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Post by snowstorm on Nov 19, 2017 12:05:16 GMT
Austerity has just been another word for paying for bailing out the banks. The BBC is too busy reporting on the view from business on every subject to get to grips with the whole topic.
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Post by Bodhitree on Nov 19, 2017 13:09:59 GMT
Well the bbc are largely just a mouthpiece with a conservative view... I think it’s clear that the two party system has largely shafted the uk in that a collection of interests are keeping the tries in power. A more social system closer to Scandinavian models might well suit the majority of British people better, thinking on reduced inequality.
But perhaps so many people are out only for their own enrichment that the country gets what it deserves.
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Post by Admin on Nov 23, 2017 11:01:43 GMT
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Post by Admin on Nov 24, 2017 14:22:13 GMT
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Post by Admin on Nov 24, 2017 17:22:15 GMT
Freshly Squeezed: Autumn Budget 2017 response Published on 23 November 2017 Public Finances and the Economy Britain is on course for the longest period of falling living standards since records began in the 1950s, with the current crunch forecast to last longer than the post-crisis income squeeze. Our overnight post-Budget report Freshly Squeezed highlights the unprecedented scale of the economic downgrade handed down to the Chancellor by the OBR, and how this impacts on the public and families’ finances. www.resolutionfoundation.org/publications/freshly-squeezed-autumn-budget-2017-response/
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Post by snowstorm on Nov 24, 2017 18:52:45 GMT
The future may not be bright, but it is orange - squeezed until the pips squeak...
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Post by Admin on Nov 25, 2017 11:11:09 GMT
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Post by snowstorm on Nov 25, 2017 13:32:18 GMT
This psychologist thinks conservatives are more fearful than liberals; making them feel safe makes them more liberal. It's interesting as well that it's quite a specific fear for their physical safety, makes me think about how threats are portrayed by different political sides e.g. Trump and his comments about Mexicans v more liberal wording like 'Obamacare'.
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Post by Bodhitree on Nov 25, 2017 14:59:00 GMT
Really interesting experiment. It makes me wonder about America’s gun culture - the whole country might end up being more liberal just by changing the gun regulations and thus making people safer.
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Post by Admin on Nov 27, 2017 6:03:39 GMT
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Post by Admin on Nov 27, 2017 6:54:19 GMT
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Post by Admin on Nov 27, 2017 17:52:57 GMT
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