Fixing the deficit.
#26
(05-16-2020, 07:26 PM)Protheroe Wrote:
(05-16-2020, 09:59 AM)Pneumann Wrote:
(05-15-2020, 07:32 AM)Protheroe Wrote:
(05-15-2020, 06:11 AM)Pneumann Wrote: Invest in infrastructure, doesn’t matter how. UK is literally a generation behind on this.

Who are we a generation behind?

Have you been to Germany or the States? German infrastructure in particular is in a shocking state.

Yes, and yes. I’ll concede the US and its hopelessness at accepting that public goods can be funded by the public purse. Germany? Ahead of the UK. Scandinavia? A generation ahead. Take off those Blighty Blinkers, Proth.

It's generally accepted (even by the Germans) that their investment in infrastructure is hugely behind the rest of the developed world - largely due to the costs of reunification.

When's the last time a UK airport closed because one of its runways was being relaid whilst the other cracked in unseasonably warm weather?

It's not blinkers pal, it's FACTS.
True, reunification costs were huge--not least in infrastructure, not least in the East. Which, by the way, is in Germany.

But  moving from the general, to your illustrative "example", when's the last time a German motorway had to systematically and chronically use the emergency lanes for traffic--with deaths a result? Or had to close The World's Leading International Airport for want of snow moving equipment (to misuse specific "FACTS" examples in the same way)? Tit-for-tat "facting," like farting in a lift, gets us nowhere.

---

The point remains, invest in infrastructure, and drive the UK into the mid-21 century by the mid C21. That remains a cost effective mode of investment and stimulus for the overall economy.

Financing that prioritization can be done at low interest rates, though borrowed cash will have to be paid back.

As someone else wrote, some method of actually taxing corporations rather than the current laying out of saucers of cream should be one way. That would have to be done internationally, and, as was written further up, unlikely given cut-price Britain's strategy of a pared down tax and regulatory environment. For want of other methods of financing that suggests personal tax hikes (for the financially immobile) and service cuts: Austerity 2.0.

---
The problem with raising marginal tax rates is that they hit people best able to avoid paying them, which can lead to the greasy pole of higher tax rates sliding down to those who can't "manage" their tax liability.
Reply


Messages In This Thread
Fixing the deficit. - by The liquidator - 05-14-2020, 01:52 PM
RE: Fixing the deficit. - by baggy1 - 05-14-2020, 01:59 PM
RE: Fixing the deficit. - by The liquidator - 05-14-2020, 02:04 PM
RE: Fixing the deficit. - by fuzzbox - 05-14-2020, 02:08 PM
RE: Fixing the deficit. - by Borin' Baggie - 05-14-2020, 02:11 PM
RE: Fixing the deficit. - by fuzzbox - 05-14-2020, 02:23 PM
RE: Fixing the deficit. - by The liquidator - 05-14-2020, 02:24 PM
RE: Fixing the deficit. - by fuzzbox - 05-14-2020, 02:32 PM
RE: Fixing the deficit. - by FenlandBoing - 05-22-2020, 07:53 PM
RE: Fixing the deficit. - by Fido - 05-22-2020, 07:57 PM
RE: Fixing the deficit. - by The liquidator - 05-14-2020, 02:38 PM
RE: Fixing the deficit. - by fuzzbox - 05-14-2020, 02:40 PM
RE: Fixing the deficit. - by Tom Joad - 05-14-2020, 02:40 PM
RE: Fixing the deficit. - by fuzzbox - 05-14-2020, 02:51 PM
RE: Fixing the deficit. - by Pickle Rick - 05-14-2020, 02:49 PM
RE: Fixing the deficit. - by Tom Joad - 05-14-2020, 06:16 PM
RE: Fixing the deficit. - by Pneumann - 05-15-2020, 06:11 AM
RE: Fixing the deficit. - by Protheroe - 05-15-2020, 07:32 AM
RE: Fixing the deficit. - by Pneumann - 05-16-2020, 09:59 AM
RE: Fixing the deficit. - by Protheroe - 05-16-2020, 07:26 PM
RE: Fixing the deficit. - by Pneumann - 05-23-2020, 04:21 AM
RE: Fixing the deficit. - by The liquidator - 05-15-2020, 06:57 AM
RE: Fixing the deficit. - by baggy1 - 05-15-2020, 07:27 AM
RE: Fixing the deficit. - by billybassett - 05-15-2020, 07:44 AM
RE: Fixing the deficit. - by Borin' Baggie - 05-15-2020, 09:40 AM
RE: Fixing the deficit. - by The liquidator - 05-15-2020, 08:37 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)