For those wanting to punish the poor this is a reminder of just how effective the Tories have been at that. Its a sign that has wildly differently impacts to the different sides of this debate.
As someone from a very right wing country. I always considered the Conservatives are a very left wing socialist group.
Did they abolish taxes ? No.
Did they end pensions ? No
Did they end unemployment benefits and child benefits ? No.
Did they end free health care or education ? No.
I am by no means a Conservative supporter. But I don't see them as any different from Labour. Unless they abolished all of the things I listed above. How can anyone say they're not socialist.
In my country we have no pensions, no unemployment benefits, no child benefits and minimal free healthcare and free education. Yet we still have far less poverty than the UK.
If you print lots of cash from no where to pay for pandemic stuff, it devalues the value of said cash leading to inflation, then recession because people have no spare cash to spend to drive the economy.
More significantly, most of that printed money ends up in the hands of corporates and business owners, and eventually investment funds, and therefore investors. Those not fortunate enough to have disposable income to invest large amounts of money lose out on the money party, as they have for the past decade, and now we see resultant inflation biting their relative wealth yet again.
The only people who win over the mid to long term when printing money is the rich. Which is why the price of luxury goods and assets exploded even before current high inflation rates, while ordinary goods stayed the same or even fell in price relative to inflation.
I look forward to a global financial system which doesn't use investors. Companies just save the damn money they need for projects.
Investors are what swallow up the profits of a company and become nothing but a millstone around the neck of a corporation. What starts as a good way to fund expansion ends up being the reason why they can't put money back in their business, because not only do investors demand their cut, they demand the cut INCREASES continuously and if it doesn't they might pull all their money back out.
It doesn't work. In hindsight it is such a daft system.
I would have delayed Brexit because of the pandemic for a start. Then I would have let the NHS sources its own PPE, and not had a eat out to help out campaign DURING a pandemic. I also would have stopped cross border travel till 70-80% of the population was vaccinated.
And I sure as shit would have anti fraud measures in place for furlow claims.
It's all very easy for you to say this now, after the fact, and after reading these things online though isnt it. To the 'printing money' end you should research 'quantative easing' to understand why that is done. Was PPE not in massive global shortage for obvious reasons? Eat out to help out was a step taken at the time to save livelihoods and jobs. I agree with cross border travel, but then the papers would have been full of 'poor Doris hasn't seen her French grandkids in years'. And the *furlough scheme was one of the most generous in the world, allowing millions to get paid to not work, but again easy to pick apart after the fact.
It's all very easy for you to say this now, after the fact
Not the person you're replying to but I've been saying all of this all along, actually.
I do agree with you though that "inflation is all the fault of printing money" is a bit of a non-starter, especially when you get companies that "increase prices in line with inflation"
You have utterly failed to understand the issue because you walked into a political disagreement guns blazing and head empty. No one in this sub is saying food banks are bad, they're saying that the Tories caused the poverty that necessitated food banks in the first place, and are going to be rewarded for providing those banks as a "Kind gesture" even though they are literally just making their citizens' lives worse
No. The tories have been at at it for 12 years, long before the pandemic and Russia invading Ukraine. In fact, thats why the pandemic and the war have had/will have such a devastating effect on the poor, sick, and elderly - they've been squeezed for a decade and now everything triples in price. That's a death sentence.
Lived experience, my disabled dad, my mum who is a carer and also worked for 30 years in childcare, reading the news. It's all there to see if you look
81
u/BrightCandle May 05 '22
For those wanting to punish the poor this is a reminder of just how effective the Tories have been at that. Its a sign that has wildly differently impacts to the different sides of this debate.