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Thread: Any suggestions on how Britain can create more wealth ?

  1. #1
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    Default Any suggestions on how Britain can create more wealth ?

    Politics is about deviding up the cake, and who should get the biggest slice of the cake.

    Economics is about how the make the cake bigger in the private sector.

    In the British parliament it seems to be taboo to mention the subject of wealth creation.

    I have been following politics for 40 years and I have yet to hear a single word of discussion of wealth creation in the British parliament.

    But we are now in a dire economic crisis, and we must change the habits of a lifetime and talk about how and who creates the wealth in Britain.

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    i suggest that the government will focus on its manpower. They should train them to become an asset to the country and bring some luck.

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    David Cameron believes that wealth is created by giving all the big manufacturing contracts to Germany, and giving crumbs from the table to companies like Bambardier. But only time will tell if this bears the fruit of higher employment in Britain.

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    Reduce regulation on business with regard to any matter that can be decided by the market.

    Clamp down on false advertising in the psychologically manipulative sense.

    Reduce licensing to professions, especially the legal profession so that more businesses can afford to defend their rights in law.

    Relax employment law as far as discrimination is concerned. Make it easy to hire and fire people.

    Cut all subsidies to zero. Energy subsidy especially, but also subsidy to big business. Make certain all tax is collected but reduce the rate of taxation.

    Block mergers where there is a risk of monopolising a market sector. Demand some firms are broken up for being too large, especially in the banking sector. This could be done by a monopoly tax that is progressive thereby making the running of a monopoly unprofitable.

    Cut out the cr@p on social affairs and politics taught in school and make the curriculum more useful, e.g. teach economics at secondary schools and increase the quality of science.
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    Mervyn King at the Bank of England at the Bank of England believes that wealth is created by Quantititive Easing. QE is just printing endless money. Mervyn King has printed 325 billion pounds and pumped it into the British economy. The Bank of England claims that it has increased GDP by 1%. This is quite magical as he has created wealth, and nobody has had to do a stroke of work to achieve it.

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    New Labour believed that wealth was created by investment. Investment in the public services that is. So they employed millions of extra civil servants, and this was indeed a huge boost to British GDP. In fact GDP grew so fast that the economy went bust.

    The fact that Britain went bust at the end of it suggests to me that it was not real wealth they were creating, but some sort of illusion of prosperity. The coalition are now having to cut away all those useless layers of blubber in the public services, that New Labour called growth and was such a huge boost to British GDP.

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    Stopping the wealth leaving the country in evaded tax would be a start.

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    Quote Originally Posted by SDP View Post
    Mervyn King at the Bank of England at the Bank of England believes that wealth is created by Quantititive Easing. QE is just printing endless money. Mervyn King has printed 325 billion pounds and pumped it into the British economy. The Bank of England claims that it has increased GDP by 1%. This is quite magical as he has created wealth, and nobody has had to do a stroke of work to achieve it.
    SDP: There is more to Q.E. than just printing money. For your information it exchanges assets from the institutions which cannot be maximised, in exchange for electronic deposits which can. Very little of that QE generated capacity has been used. The BOE, the Treasury, the CBI, and the government agree with Q.E. It ensures low interest rates for a start; that is good for business, and that increases the likelihood of jobs being created.

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    David Cameron says that British industry will flourish and create jobs, when the EU Single Market is completed.

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    The LibDems believe that wealth will be created if we can have more Europe.

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