Because being a gamble rather than an unthinking action implies some form of assessment of odds?
Read if you dare the awful “Britannia Unchained” book she and some of their other Johnson placemen wrote to see where she’s coming from.
Summary – “The British are among the worst idlers in the world” and we therefore need to slash everything and race India to the bottom on things like labour rights and environmental regs.
I get what she’s saying when she says that our economic policy hasn’t provided enough growth over the last x years, even though HER party were custodians of it, BUT….
It IS a hell of a gamble, increasing the national debt by £30 (odd) billion when interest rates are on the rise with the hope of it stimulating growth when any tax cuts will be absorbed purely by cost of living rises is a MASSIVE gamble.
>Truss insists her plan to cut taxes to boost growth is not a gamble…
… for her sure, for us it most certainly is, its our future she is borrowing against.
What I don’t get is that they know full well that *investment* is what has largely been responsible for boosting the growth of their own personal fortunes, yet, for purely ideological reasons, they act against the nation’s best interests, choosing not to apply the same logic to growth of the economy, and investing *more*, not less, in infrastructure, people, communities, culture, education etc.
“The last 20 years economic policy has failed”
Thats what she said, so what is she doing different?
Ah, fuck all. Well I am shocked that professional gormless chicken inpersonator Lizz Truss’s economic policy will continue to disenfranchise the majority of the country.
It depends where and who she cuts taxes for.
The conservatives are rather stupid and outdated when it comes to the economy, they really don’t know how to manage a nation in a global modern economy.
They often cut taxes on buissness, thinking that will work, except there’s no guarantee in this modern economy that a buissness will reinvest that saving into this country’s economy, rather they are likly to invest it in other country’s or emerging markets, which ultimately dosnt help our citizens, and can actualy further hurt out economy.
In this world there are producer economy’s and consumer economy’s, China is an example of a producer, they make goods to sell and there gov makes money on the export of those goods.
We are a consumer economy, we make money by buying things, which is a concept conservatives can’t seem to understand, but it relys on us being a wealthy people with high paying service sector jobs and some form of wealth redistribution to those who don’t have those high paying jobs to ensure as many people have disposable income to spend, the people spend money, the buissness’s grow, import more and pay more and thus we spend more, and the gov makes it money via tax all along that route,
Tax cuts in a consumer economy should be targeted at incentivising people to spend, so v.a.t primeraly,
The root of this crisis is back in the crash of 2009 and the conservatives response when they took power in 2010, recession has (as was predicted) lead to a stagnation of wages and a winning gab between costs and pay, and thus this crisis is the inevitable result of a lack of investment in the people of this country.
Cut our taxes or just the taxes of the rich?
Relying on the same “economics expert” who predicted a no deal Brexit would be a roaring success
Cutting taxes to boost growth has always worked before, 5/7, perfect plan.
She’s backed by the ERG who are hard brexiters and climate change deniers.
Watch as she burns workers rights, and the rest of the country to the ground.
Her only action as Prime Minister should be to call a General Election.
She’s right. To be gambling, there has to be a chance of winning.
Insufferable Numbskull aka Truss
Well no, it’s not a gamble, gambles have a chance to work.
Any tax cuts in the short term will feed inflation as most people will use them to fund the rising cost of household utilities, travel to work, food, etc
By cut taxes she means cut taxes for the rich business owners.
Trickle down economics doesnt work so can she stop pretending now an just say i dont give a fuck about people in this country.
She’s barely even heard of economics let alone having a proper understanding
20 comments
Because being a gamble rather than an unthinking action implies some form of assessment of odds?
Read if you dare the awful “Britannia Unchained” book she and some of their other Johnson placemen wrote to see where she’s coming from.
Summary – “The British are among the worst idlers in the world” and we therefore need to slash everything and race India to the bottom on things like labour rights and environmental regs.
I get what she’s saying when she says that our economic policy hasn’t provided enough growth over the last x years, even though HER party were custodians of it, BUT….
It IS a hell of a gamble, increasing the national debt by £30 (odd) billion when interest rates are on the rise with the hope of it stimulating growth when any tax cuts will be absorbed purely by cost of living rises is a MASSIVE gamble.
>Truss insists her plan to cut taxes to boost growth is not a gamble…
… for her sure, for us it most certainly is, its our future she is borrowing against.
What I don’t get is that they know full well that *investment* is what has largely been responsible for boosting the growth of their own personal fortunes, yet, for purely ideological reasons, they act against the nation’s best interests, choosing not to apply the same logic to growth of the economy, and investing *more*, not less, in infrastructure, people, communities, culture, education etc.
“The last 20 years economic policy has failed”
Thats what she said, so what is she doing different?
Ah, fuck all. Well I am shocked that professional gormless chicken inpersonator Lizz Truss’s economic policy will continue to disenfranchise the majority of the country.
It depends where and who she cuts taxes for.
The conservatives are rather stupid and outdated when it comes to the economy, they really don’t know how to manage a nation in a global modern economy.
They often cut taxes on buissness, thinking that will work, except there’s no guarantee in this modern economy that a buissness will reinvest that saving into this country’s economy, rather they are likly to invest it in other country’s or emerging markets, which ultimately dosnt help our citizens, and can actualy further hurt out economy.
In this world there are producer economy’s and consumer economy’s, China is an example of a producer, they make goods to sell and there gov makes money on the export of those goods.
We are a consumer economy, we make money by buying things, which is a concept conservatives can’t seem to understand, but it relys on us being a wealthy people with high paying service sector jobs and some form of wealth redistribution to those who don’t have those high paying jobs to ensure as many people have disposable income to spend, the people spend money, the buissness’s grow, import more and pay more and thus we spend more, and the gov makes it money via tax all along that route,
Tax cuts in a consumer economy should be targeted at incentivising people to spend, so v.a.t primeraly,
The root of this crisis is back in the crash of 2009 and the conservatives response when they took power in 2010, recession has (as was predicted) lead to a stagnation of wages and a winning gab between costs and pay, and thus this crisis is the inevitable result of a lack of investment in the people of this country.
Cut our taxes or just the taxes of the rich?
Relying on the same “economics expert” who predicted a no deal Brexit would be a roaring success
Cutting taxes to boost growth has always worked before, 5/7, perfect plan.
She’s backed by the ERG who are hard brexiters and climate change deniers.
Watch as she burns workers rights, and the rest of the country to the ground.
Her only action as Prime Minister should be to call a General Election.
She’s right. To be gambling, there has to be a chance of winning.
Insufferable Numbskull aka Truss
Well no, it’s not a gamble, gambles have a chance to work.
Any tax cuts in the short term will feed inflation as most people will use them to fund the rising cost of household utilities, travel to work, food, etc
By cut taxes she means cut taxes for the rich business owners.
Trickle down economics doesnt work so can she stop pretending now an just say i dont give a fuck about people in this country.
She’s barely even heard of economics let alone having a proper understanding
Let me guess, more trickled down economics.
How is this growth supposed to help me again?