Quote:
Originally Posted by Hugh
Re your last line - that's working so well for Greece.....
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whats happening in greece fella bunch crooks forcing them to austerity. to death this result 3 to 4 levels austerity. Its bad example for the success of austerity or the flag for it. Coupled with tax not being paid guess what thats exactly happens many at the top dont believe paying it here.
Now is thought provoking comment.
If all countries follow austerity gameplan what do you think going to happen. What will the worlds economy end result. You got Modern living standards bills/energy/housing wages being killed to levels which wont sustain economy. Not forgetting the rich getting richer its not across spectrum.
I all for pulling back 1970's if everything does thats wages, rich wealth, standard living(food, goods, energy, housing prices). You cant do one without the rest. Illusion market forces would driven the standard living down is that illusion. Then the other issue wages lower taxasion lower net result debt burden impossible to reduce.
Therefore Austerity wrong and unworkable way to debt manage. Getting wages higher to generate higher taxasian therefore sadly business have to accept profits must slip. They must create jobs for good of the country.
To do that they got understand as long they not making a loss and supporting jobs and better wage it will help the country. If they can afford to pay better they should pay better. If they can afford to create jobs they should.
Governments indeed dont get away with it they can do more but business might not like it. They want there favourite tax cuts but what will work is this. Ban 12 hour shifts reduce working week to 32 hours but keep wages. Increase minimum wage or have 2 stage minimum wage for skilled unskilled. My more inclined to abolish it. If abolished give them carrot to keep wages high. Only give tax cuts to those business who create jobs and pay there workers more.
Business wont like proposals but they will create jobs they will create workers with disposable income and better free time to spend it.
What was needed was calm heads, clear minds of not to panic.
That was from businesses, consumers, governments and best all those banks/money men. Many panicked when
Economy will drive once businesse give out wages and creates jobs. When those with money dont panic. Those with money in pocket go out and spend.
Once wealth redistrubuted better such top wages reduce inline back to reality.
Once all these in place and taxes paid then we will see government debt come down. It went out control from 2008 at the point of saving banks but the favourite blame the party in power at the time.
We had worse debt after the war we solved that over the years why cant money stop demanding it quickly. Why pressure with threats when they know it will be resolved. They knew it was not governments but banks fault.
They willl get money back it wont be in the unrealistic 4-5 years they expect it.
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