OccamsBadger
33p39 comments posted · 2 followers · following 0
5 years ago @ http://www.conservativ... - Welby's next stop shou... · 0 replies · +1 points
First do no harm. How does he know he's right?
I'd be curious whether he thinks Keynes was short on economic understanding or short of compassion when he said that the books should be balanced over a business cycle. Then if he thinks the money is out there, it's all just greedy businesses and rich people paying enough tax, I'd like to know how he knows this. Because it's a much more complicated picture than than, involving trade-offs and unintended consequences (and the poor are at the bottom so the most vulnerable to politicians getting it wrong).
Then when it comes at advocating the state takes on a bigger role, I'd like to know what ways he could foresee that going wrong and why he's sure it won't. (Has he read Road to Serfdom?).
If it was as easy as getting people with the moral character (lol) of Corbyn and McDonnell in charge, why isn't the world a better place already? If it was just a case of the state spending loads of money, why aren't some countries like Greece far better off than they are?
Anyway, I think the proper answers to these issues must surely start with some quality moral leadership. That will inform the politics. He's got it backwards.
5 years ago @ http://www.conservativ... - Welby's next stop shou... · 0 replies · +1 points
5 years ago @ http://www.conservativ... - Welby's next stop shou... · 2 replies · +1 points
5 years ago @ http://www.conservativ... - Welby's next stop shou... · 0 replies · +1 points
5 years ago @ http://www.conservativ... - Welby's next stop shou... · 2 replies · +1 points
Unfortunately Welby is too busy being a pound shop Chomsky to pay any attention to the hard stuff.
6 years ago @ http://www.conservativ... - Nola Leach: Hammond sh... · 0 replies · +1 points
6 years ago @ http://www.conservativ... - Nola Leach: Hammond sh... · 2 replies · +1 points
IIRC a single earner household nudging into the 40% tax rate is still in the lower half of household incomes. Yet they're paying marginal tax rates quite a bit more than 40% (due to NI, possible student loan etc).
When 40% was introduced it hit 1 in 20, now it's 1 in 6. So it's a double whammy of fiscal drag and not being able to transfer allowances.
Yet on the other hand, aren't benefits considered as a household? Apply for most of them and they want to know all about your partner and what they earn! Government having cake and eating it.
6 years ago @ http://www.conservativ... - Nola Leach: Hammond sh... · 2 replies · +1 points
6 years ago @ http://www.conservativ... - Carys Roberts: To win ... · 0 replies · +1 points
That's got to be cheaper than the doll, there's the benefit of some economic activity that otherwise wouldn't be had, and people get the benefit of the jobs. The only downside is the productivity figures take a hit.
Forcing wages up for the higher skilled probably means less risk taking, it makes new businesses more risky (higher costs before you can hope to see a return on your big idea).
Making it harder for people to get jobs is not a good thing at all either. Companies being too risk averse when it comes to hiring leads to dumb myopic company cultures, which can't be good for productivity. And then you get huge companies having an advantage, because they are big enough to have their own flexible internal labour markets.
6 years ago @ http://www.conservativ... - Carys Roberts: To win ... · 0 replies · +1 points
The big problem though is the Tories don't have a clue and are weak and rudderless at the moment. That isn't enough to beat Corbyn, who is copying the Trump playbook, and understands the terrifying implications of social media.