idea to kick start the UK economy

[BCG Jason]

I like the sound of this and the guy proposing this became a victim of the Blair government to standing up to their lies and disinfomation :

http://www.guardian.co.uk/commentisf...art-uk-economy

[CB100]

If you trust Michael Meacher's views on economics, good luck to you.

I like the sound of this and the guy proposing this became a victim of the Blair government to standing up to their lies and disinfomation :

http://www.guardian.co.uk/commentisf...art-uk-economy

[brianm]

Usual sloppy reporting too - comparing the wealthy to the deficit rather than debt.

Gave up reading after that...

[BCG Jason]

He talks about the very wealthy using tax havens and other methods to avoid paying tax like most of us need to do. To me that makes sense.

[CB100]

The problem with most politicians out of government is they are addicted to telling the public what they think they want to here. When in office, their ideas are usually shown to be unworkable.

I remember Gordon Brown criticising the then tory government for failing to build up the manufacturing sector and relying too much on financial services. And his policies? Ended up exacerbating the problem.

David Cameron said immigration should be restricted to the "tens of thousands". And his policies? It's in the hundreds of thousands.

He talks about the very wealthy using tax havens and other methods to avoid paying tax like most of us need to do. To me that makes sense.

[Roland]

I like the sound of this and the guy proposing this became a victim of the Blair government to standing up to their lies and disinfomation :

http://www.guardian.co.uk/commentisf...art-uk-economy

How many times must we try the same thing before we except it does not work.

If we were to take every penny these people have it would be absolutely no different in out come to Q.E. It would just be a lot of money released into the system, a short boom followed by a sharp increase in prices, not to mention the fact that all those with large amounts of wealth scared out of the country. We would achieve nothing.

[BCG Jason]

Roland,
'Every Penny' surely you are joking, they don't pay the normal rate, thanks to trusts, off-shoring or whatever other 'legal niceties' their money advisors can put together.

If currency flight was expected then country should plan with other countries, I also think the US is now making noises about this too.

[CB100]

Ahh but there's the problem. Some countries benefit from providing attractive offshore environments for investors. I don't think you will find they are willing to co-operate.

If currency flight was expected then country should plan with other countries, I also think the US is now making noises about this too.

[Roland]

If currency flight was expected then country should plan with other countries, I also think the US is now making noises about this too.

There is another problem what kind of monolithic political union do you want to create. Are we not trying to rid our selves of the pitfalls of ever increasing government power?

I want more rich people not less in this country not less. What would you rather an influx of millionaires or an influx of eastern Europeans?

[Geoffrey Collier]

How many times must we try the same thing before we except it does not work.

If we were to take every penny these people have it would be absolutely no different in out come to Q.E. It would just be a lot of money released into the system, a short boom followed by a sharp increase in prices, not to mention the fact that all those with large amounts of wealth scared out of the country. We would achieve nothing.

Roland: Q.E., irrespective of whether you like it or not, will be the economic orthodoxy for the USA, China, Britain, and eventually the EU, for many years to come. There is no other way, and the 'economic romantics' have little to add to this debate. The money supply, right across the world has slumped and is in a state of continuing contraction. It will not be possible to programme a continuing contraction of purchasing power into any fiscal policy. How will the financial instituitions survive if millions cannot service their debts, mortgages and other commitments? Britain will be recommencing QE very soon, and within the year the IBM's prediction of a further £100bn will be exceeded. The USA will be following suit and the Germans will have the 'riot act' read to them tomorrow by Cameron with the full support of Obama. Dreams of returning to the gold standard is the stuff that madness is made of. Do you really think that the USA, or any other major nation, would make the basis of their economy dependent upon the gold-producing nations? What would be the incentive to do that? Nations which do not like state-power have, nevertheless, intervened drastically in their economic structures since 2008. They know that once economic structures fall, political and constitutional ones will be next.