Forum | You get what you pay for? by saint901

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You get what you pay for? 11:32 - Jul 9 with 294 views

So does it matter if we use our own money or somebody else's?

I don't know if Labour did indeed inherit an unfunded commitment to build hospitals etc but I do know that their financial plan is not going to survive withdrawals of policy on heating allowances and benefits. It is inevitable that to pay for those, we will see tax increases.

For so long as we want to have Scandi levels of welfare and a free medical service but pay US levels of taxation, we are going to see nothing except increasing national debt and therefore increased costs of servicing that debt.

No politician is going deliver the bad news of an increase in tax (I've seen estimates from basic rate rising between 5% and 10% just to stand still) or a reduction in welfare. That is political suicide.

Instead we see a gradual but accelerating slide into more debt and more cost.

More so because of threats from Russia and the fact that the US is prepared to add trillions of dollars to its debt - gambling in increased prosperity to repay it in 30 years' time. (A bit like Truss economics on speed).

There is talk of a wealth tax. History shows that they hardly ever work. There is talk of "cracking down" on tax avoidance/benefit fraud - again history shows that these have at best a minimal impact.

Would restricting benefits force more people into work and into looking after themselves and contributing economically to the UK? Or this is inhumane and result in genuine hardship and perhaps death for some?

Would you pay more tax to maintain services where they are given that all talk of cost cutting is just that - talk?

You get what you pay for? on 12:00 - Jul 9 with 245 views

saintmark1976

Well thought out article 901.

I’ve many more years behind me than ahead and life has taught me that you only get what you pay for.

Scandinavian levels of taxation are high but they have one of the happiest populations.

Will we follow suit ? Regretfully, all current evidence points in the opposite direction.

Poll:

Where will we finish in the upcoming season?

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