Money for No Deal scenario

by Pintel Thu Aug 01, 2019 3:12 pm

I was just wondering where the UK is getting all of this money for 'No Deal Brexit'. As there does seem to be a "magic money tree"? scratch

https://www.theguardian.com/commentisfree/2019/aug/01/deep-poverty-boris-johnson-tories-families

https://www.theguardian.com/commentisfree/2017/jun/06/magic-money-tree-theresa-may-banks-nurses

by Tarquin Flotsam Fri Aug 02, 2019 1:00 am

He wrecked London when he was Mayor, throwing money at useless projects, god knows how much he'll fritter away now he's the (hopefully for a very short time) PM....

by Guest Fri Aug 02, 2019 8:58 am

Pintel wrote:I was just wondering where the UK is getting all of this money for 'No Deal Brexit'. As there does seem to be a "magic money tree"?

Actually, there is, because the BoE can print as much as money as they want. It's called Socialism for the Rich.

by Pintel Fri Aug 02, 2019 2:24 pm

Tarquin Flotsam wrote:He wrecked London when he was Mayor, throwing money at useless projects, god knows how much he'll fritter away now he's the (hopefully for a very short time) PM....

It sounds like back to New Labour policy, where they spent money recklessly. And look where that sent the country into 'Austerity' Rolling Eyes

.

Also has anyone been keeping an audit on the money he said he will spend so far Question

Especially, if your being told that the services you need are being cut. Yet if you can afford travel on the train, your be happy... Money for No Deal scenario 507219341

by Tarquin Flotsam Fri Aug 02, 2019 2:42 pm

Pintel wrote:It sounds like back to New Labour policy, where they spent money recklessly. And look where that sent the country into 'Austerity'

Not sure where you got this information from. The Daily Mail or Telegraph?

by Pintel Fri Aug 02, 2019 3:02 pm

The internet @Tarquin Flotsam, for what it worth... albino

https://www.ifs.org.uk/bns/bn92.pdf

https://www.telegraph.co.uk/news/general-election-2015/11576801/Did-New-Labour-spend-too-much-in-government.html

https://www.bbc.co.uk/news/business-32549892

by Brutus Tue Aug 06, 2019 1:59 am

It sounds like back to New Labour policy, where they spent money recklessly. And look where that sent the country into 'Austerity'

The science of economy has an air of respectability that do not deserve.
A little like psychoanalysis in the past, it has managed, by virtue of applying lots of math, attracting large resources and intelligent people, to influence much of the fabric of society.

However, the bases for its construct are childish assumptions about human nature.

For instance, Marxism assumes, without proof, that humans subjected to collective mores will conform fully or neoliberalism assumes that the main basis of our behaviour is informed by selfishness.

Like religions, economics develope an internal logic but like the former, eventually, become divorced from reality.
The prove of that is that regardless of the modern sophistication and statistical analysis under which financial transactions are scrutinised, people still manage to lose money on the markets and regularly a full man-made financial crisis disrupts the lives and stability of entire nations.
If the power of prediction and reliability of this science were as advertised, these things would not happen the same way as there are no recurrences of illness for which a cure has been found and can be applied.

In the case at hand, the idea that reckless spending would result in years of austerity is simply bizarre.

We are collectively very rich, at least in this part of the world, it is the distribution of wealth that is askew.

Behind "austerity" there is the assumption that incorrect policies enacted by the ruling elites should be paid by those that have no voice in making them.
Policies that have resulted in an obscene increase in wealth for the same elites during the "austerity" years.

So the question is why anyone can believe that impoverishing the masses for the obvious benefit of the elites can possibly be justified as a sensible economic policy when backed by spurious calculations.

by Pintel Wed Aug 07, 2019 1:12 pm

https://www.theguardian.com/business/2019/aug/07/no-deal-brexit-call-to-suspend-competition-law-to-avert-food-shortages

“No-deal Brexit: pause competition law to avoid food shortages, say manufacturers"

https://www.bbc.co.uk/news/business-49258852

It seem like the Corporate Cartels have started already set their sights on undermining the current UK/EU laws. Look at any 'self-regulation', it doesn’t usually work when company profits are involved Evil or Very Mad

. Maybe I am wrong, but this sounds like the start of free for all of a no deal Brexit? And I heard that this could be only a ‘ temporary measure’, wasn’t income tax just that.

“Income Tax was the first tax in British history to be levied directly on people's earnings. It was introduced in 1799 by the then Prime Minister William Pitt the Younger, as a temporary measure to cover the cost of the Napoleonic Wars.”

https://www.politics.co.uk/reference/income-tax

by Caker Fri Aug 09, 2019 6:02 pm

thin end of the wedge.

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