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Keir Starmer: ‘We can’t win power by spending. We need to reform and create wealth’
(www.theguardian.com)
this post was submitted on 16 Jul 2023
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It's really sad that you are talking deceptive nonsense with so much conviction.
This means you are printing money, which devalues your currency. This leads to inflation, and will increase the cost of goods, and in your scenario would encourage more printing further causing issues.
You need to tax the rich, we need to make all wealth even if it's overseas liable to tax, and encourage new wealth generators, through new small businesses so that the spending is not concentrated and funneled up to a single group, and fix the manufacturing situation so that exports can bring in new money.
Promising spending without a plan is what the Tories do for their buddies.
[Edit] Taxing overseas wealth is something that would help us claw back some of the offshored tax havens that the royals, Cameron and Jimmy Carr take advantage of.
But does Starmer talk about taxation?
We didn't increase tax, because that's not the Tory way.
Unless you are advocating for Tory policies?
Not increasing the taxes to pay for our commitments ends up coming out as loans, paid by gilts, which we absolutely do pay back. The Tories are relying on our credit being good, so are borrowing as much as possible, which is putting our reputation at risk. This will increase the cost of borrowing, and Starmer would be a fool to promise spending without a proper funding mechanism.
https://feddit.uk/post/747091