Starmer's vision quest

[Deleted member 49]

I've said it about Tory attitudes and policy, and I'll say it about anything really. A pandemic was inevitable. OK we couldn't be sure of the details, the timing or the specific virus, but that it would happen was an absolute certainty. To not prepare for it and to divert resources elsewhere is merely to bet that it won't happen in the current election cycle, and to blame it for a major change in policy is to admit that you prepared badly and had no contingency.

I said the same thing about the 2007 financial crash. Nobody saw it coming did they? Well if you've been chancellor of the exchequer for the best part of a decade then to make plans just in case something like that did happen might actually be part of your farking job.

But Covid also showed us there's money when it's needed....just as there was money to bail banks out.

 

[Deleted member 49]

Can't stand Vine...but every credit.🙄

View: https://twitter.com/UndercoverPostE/status/1564896759674986497?t=ABHePbXshVthzZtDkXZspw&s=19

 

[winjim]

But Covid also showed us there's money when it's needed....just as there was money to bail banks out.

Money's a wonderful thing. The government has the ability to create it out of thin air. They don't even get it from taxes, they just magic it into existence.

 

[Deleted member 49]

Money's a wonderful thing. The government has the ability to create it out of thin air. They don't even get it from taxes, they just magic it into existence.

They sometimes like to call it "debt" except when it's used for friends or war.

 

[theclaud]

Bernie Sanders spoke at the RMT rally today .


View: https://twitter.com/PoliticsJOE_UK/status/1565046427411169283?t=wMBEtPyaFWh0b3UBMsDAnw&s=19

 

[Deleted member 49]

Bernie Sanders spoke at the RMT rally today .


View: https://twitter.com/PoliticsJOE_UK/status/1565046427411169283?t=wMBEtPyaFWh0b3UBMsDAnw&s=19

Putting the current Labour leader to shame ☹️

 

[Salty seadog]

But Covid also showed us there's money when it's needed....just as there was money to bail banks out.

Indeed, and it's coming out of your pocket and mine. The only money government's have is ours.

 

[theclaud]

Indeed, and it's coming out of your pocket and mine. The only money government's have is ours.

Not true.


View: https://twitter.com/RichardJMurphy/status/1372207039800299521?t=hgFy0_zesZ-KS1bugaBFhw&s=19

 

[winjim]

The government can create money as it wishes. Tax and all that malarky is a means of curbing inflation in order to make sure that the money it creates is actually worth anything. By the time they tax you the money's already been spent.

 

[winjim]

Not true.


View: https://twitter.com/RichardJMurphy/status/1372207039800299521?t=hgFy0_zesZ-KS1bugaBFhw&s=19

I guess true in the sense that the money,once created, belongs to the pool of all the money we collectively have, (so the more money they create the poorer we all are because proportionally we have less). Not true in the sense that we don't need to actually give them our money before it can be spent.

IANAEconomist.

 

[Deleted member 49]

Indeed, and it's coming out of your pocket and mine. The only money government's have is ours.

The myth of the magic money tree...banks create money out of nothing every day. After the financial crash of 2008 governments around the world created money in theiir trillions and got bailed out.
If they really are going to just print money and tell us it's "our debt" at least fecking give it to us !

 

[Salty seadog]

The government can create money as it wishes. Tax and all that malarky is a means of curbing inflation in order to make sure that the money it creates is actually worth anything. By the time they tax you the money's already been spent.

Who ends up worse off through this?

 

[winjim]

Who ends up worse off through this?

As a general principle in a well managed economy, or under the current government?

 

[Salty seadog]

As a general principle in a well managed economy, or under the current government?

Either, Just a matter of how much your economic power is diminished.

 

[Deleted member 49]

Who ends up worse off through this?

It's allways going to be us worse off...that's how it works.It doesn't have to be,but when you've got a goverment such as this it's never going back to us.
Just like the energy crisis,austerity was a political choice...they never willingly want to share the wealth.They allways choose to protect their own.