Quote:
Originally Posted by dhine31  Labour = give money to the poor. That money means the poor in the short term becomne better off. However by taxing the rich (primarily the owners of British Industry - like Cadburys) they will wipe out any kind of a British economy we have. The new found wealth of the poor will buy their cheap imported goods and all the money will leave Britain and line the Chinese/American pockets (like Craft). Long run, our economy will collapse as we have no raw materials or anything to bargain with and EVERYONE will become poor. |
The UK economy now is built upon the services industry. Labour has been in govt for 13 years now and the services industry has grown a massive amount since they were in power as the industrial power of the UK withered away. If it werent for labour looking after the services and making the UK the leading financial center the UK really wouldnt be good at everything.
Quote:
Originally Posted by dhine31 Conservatives= give money to the Rich. They will reinvest it into British industry. Goods will become cheaper and therefore everyone will benefit. The pound will become strong again and we can start to develop our economy back to full strength. The wealth does filter down to the poor! |
No, how do you expect wealth to filter down the system? Without a progressive tax system the poor will never get the same chances as the richer folk. The conservatives typically have been about the enticing the private sector and this stems to schools and business. If you bring in more private school it will make it harder for the poorer to get educated and thus limit the opportunities they have. Goods one become cheaper because there isnt much british industry to invest in...services techinically isnt even a british industry because it is comprised from many multinational firms, britain is just lucky it stands between the US and EU and have capitalized by reducing the taxes on the transactions made from the US to EU if they pass it through the UK...
Quote:
Originally Posted by dhine31 I don't think anyone realises that in a democracy there will be an inequality gap and there will be the rich and the poor. Unless we go communist (which clearly doesn't work) we are never going to achieve full equality. What we must strive for is that the gap is as small as possibly and that even the worst off are living comfortably. |
Democracy is built upon the capitalist system, so it is capitalism that will bring inequality which is true. There are better ways to deal with inequality than making the rich richer...and yes i know they work for it...
IMHO...i think labour saved the economy from something much worse. Look what happened when the US didnt bail out Lehman brothers, the world markets and economies where left in turmoil...and that is just 1 bank, imagine of northern rock, RBS, Lloyds TSB etc where all allowed to go dowm, what would the economy look like now. There would literraly be no market confidence and the world would have a very bleak outlook.
You cant blame labour for something that has happened to pretty much every economy in the world. The UK is based upon services and will always be exposed to the threats of the market...no matter what govt was in power the effects would be the same.
Yes the debt is bad but it isnt as bad as what could have happened and thank God labour acted when they did and pioneered the bailouts worldwide.
Moving forward, what do you think is better? Making sure unemployment and consumer demand dont fall? OR making sure the deficit is amended at detriment to these factors. Remember the deficit will always be worsening until 2014 no matter what, but its just the amount that they are arguing about...no govt can get rid of it just like that it just wont happen. However what is needed is demand so in the long run so the deficit will take care of itself, while the economy starts to expand again...instead of going into recession again or maybe even worse stagflation :S
I can write more but cba lol
...BRING BACK TONY BLAIR!
!
