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https://eastangliabylines.co.uk/theres-plenty-of-money-its-just-that-the-very-rich-have-got-it-all/>
"Everywhere you look there is reason for the UK government to spend more money:
health, schools, water, transport, housing and energy. But the government and
Labour say there is no money left. That, I suggest, is simply not true.
The case for more government spending is obvious. The money to pay for it comes
from three sources: borrowing, money creation (or QE) and taxation. If
inflation is to be controlled, tax has to be in that mix.
So, if the government says there is no new money to cover the cost of spending,
then what it is really saying is tax is at the limit of what is possible. But
it very clearly is not. There is ample room for more tax in the UK, but it
would all have to be paid by the wealthy."
Via Christoph S.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
