Increasing investment in defense spending to deter Russian aggression (I don’t mind this) and no mention of pension reform means that there are gonna be a lot more benefits cut and sales of government assets yes?
They simply want an excuse to roll the welfare state back entirely and this allows them a political weathervane to point to when facing blowback from the public for their absolutely calamitous economic policies.
Now, when these policies cannibalise public services and municipial spending, they can just point to the “rule” and say it’s because we haven’t reached our number yet.
Now, when these policies hurt the working and middle classes the hardest, they can just point to this Kokoomus-ass designed “rule” and say, it’s because it’s got to get harder before it gets better.
Why are we allowing a party with such an awful, failed economic record as Kokoomus to enshrine their economic policies as the law of the land? Why are they deliberately setting the terms of this shift longer than any parliamentary shift?
It reduces the power of elections, it reduces the power of parliamentarians. It ties the hands of any future governments to reverse course and increases the chance of Kokoomus returning to power periodically on the back of voters dissatisfaction at their perceived failure to correct the excesses of the previous administration.
And on and on it goes.
This is ridiculous as a policy and those targets are ridiculous too. This debt has been accumulating for a couple of decades and they aim to essentially halve it in 8 years when unemployment is at over 10% and wages are stagnating?
What happens when there is even less money circulating around the economy? People spend less and unemployment will increase.
What happens when unemployment increases? Real wages decline further.
What happens to tax revenue when less people are working and wages are not growing?
It shrinks.
The government’s debt brake is an economic brake. It will send this country backwards. If you want to reduce debt to GDP ratio, then grow the GDP. As wages grow, spending grows, GDP grows, and more tax revenue is generated. Then make small sacrifices along the way that do not demolish the economy.
If this goes through, the only possible way this can be achieved is by massively cutting welfare and privatizing revenue generating machines in Finland. The post will probably go and it’ll eventually collapse, next will be the railroads. If you think the train is expensive now, wait until it is a private monopoly. Fortum will most certainly be sold.
Crime is going to skyrocket, addicts without any money will switch from alcohol to more dangerous and cheaper things like peukku (bath salts) or methamphetamines. If you think your storage getting robbed, or bike getting stolen is a regular occurrence now, wait until there are hundreds of thousands of unemployed who can’t afford rent anymore.
To be honest, I see no hope of recovery in this country, my salary has hardly changed in years, and my company says they will not go any higher in these times. I see many friends with years of experience and master’s degrees taking much lower paying jobs than they worked before after being laid off, and it’s only looking to get worse.
Time to leave, it was good country to live in for a long time and it is my home, but this utter mismanagement is just unbelievable and I think that I would like to have a retirement. At this rate who knows where my pension money will end up lol. I’d rather take 24% of my pay and put it into another system where I know I will actually bloody get it.
3 comments
Increasing investment in defense spending to deter Russian aggression (I don’t mind this) and no mention of pension reform means that there are gonna be a lot more benefits cut and sales of government assets yes?
They simply want an excuse to roll the welfare state back entirely and this allows them a political weathervane to point to when facing blowback from the public for their absolutely calamitous economic policies.
Now, when these policies cannibalise public services and municipial spending, they can just point to the “rule” and say it’s because we haven’t reached our number yet.
Now, when these policies hurt the working and middle classes the hardest, they can just point to this Kokoomus-ass designed “rule” and say, it’s because it’s got to get harder before it gets better.
Why are we allowing a party with such an awful, failed economic record as Kokoomus to enshrine their economic policies as the law of the land? Why are they deliberately setting the terms of this shift longer than any parliamentary shift?
It reduces the power of elections, it reduces the power of parliamentarians. It ties the hands of any future governments to reverse course and increases the chance of Kokoomus returning to power periodically on the back of voters dissatisfaction at their perceived failure to correct the excesses of the previous administration.
And on and on it goes.
This is ridiculous as a policy and those targets are ridiculous too. This debt has been accumulating for a couple of decades and they aim to essentially halve it in 8 years when unemployment is at over 10% and wages are stagnating?
What happens when there is even less money circulating around the economy? People spend less and unemployment will increase.
What happens when unemployment increases? Real wages decline further.
What happens to tax revenue when less people are working and wages are not growing?
It shrinks.
The government’s debt brake is an economic brake. It will send this country backwards. If you want to reduce debt to GDP ratio, then grow the GDP. As wages grow, spending grows, GDP grows, and more tax revenue is generated. Then make small sacrifices along the way that do not demolish the economy.
If this goes through, the only possible way this can be achieved is by massively cutting welfare and privatizing revenue generating machines in Finland. The post will probably go and it’ll eventually collapse, next will be the railroads. If you think the train is expensive now, wait until it is a private monopoly. Fortum will most certainly be sold.
Crime is going to skyrocket, addicts without any money will switch from alcohol to more dangerous and cheaper things like peukku (bath salts) or methamphetamines. If you think your storage getting robbed, or bike getting stolen is a regular occurrence now, wait until there are hundreds of thousands of unemployed who can’t afford rent anymore.
To be honest, I see no hope of recovery in this country, my salary has hardly changed in years, and my company says they will not go any higher in these times. I see many friends with years of experience and master’s degrees taking much lower paying jobs than they worked before after being laid off, and it’s only looking to get worse.
Time to leave, it was good country to live in for a long time and it is my home, but this utter mismanagement is just unbelievable and I think that I would like to have a retirement. At this rate who knows where my pension money will end up lol. I’d rather take 24% of my pay and put it into another system where I know I will actually bloody get it.
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