We need a revolution
Isn’t that one of the things you can be locked up for? Or is that only if it’s a call for a violent one?
Now, this is interesting:
It will have to commit to higher public spending – knowing that much of this will pay for itself by delivering tax paid, improved productivity and positive multiplier effects as state employees spend their wages.
How come we’ve got a deficit then? You know, with government spending at centuries long highs of GDP?
It has to commit to use quantitative easing to pay for this in the first instance – not much less than £200 billion will do, and maybe more. So far it has never been inflationary.
There will be a need for higher taxes on the well-off. Wealth will need to be taxed considerably more. This is not for revenue: it is time to reorder British society so that it is no longer structured to serve an elite, but everyone.
We don’t actually need it but let’s steal it anyway.
There may need to be tariffs on some imported goods to protect struggling UK businesses.
But if the pound’s collapsed then imports are already more expensive, no?
The financial markets will need a quiet revolution: the use of savings for speculation has to end if state subsidy for pensions and other savings is to be enjoyed.
People might be shocked by yesterday’s £65 billion intervention for pension funds, but they get that amount every year, with it all flowing into the City and not pension returns. That has to end unless the money is used for the public good
This is really, really, great. For of course the Tuberoso Plan is that we all invest in 1% bonds for our pensions. Which is exactly the part of the system that went screwy, 1% bonds, right?