"Rebajar impuestos a los ricos conduce a una mayor desigualdad tanto en el corto como en el medio plazo, sin ningún efecto en el crecimiento económico o el desempleo"
Finland gave every homeless person a house and within 6 months 85% had a job and were financially independent.
Less crime, less hospital visits, less suffering and even including the cost of the house, LESS COST than the UK/USA method of abandoning them on the streets.
Singapore’s government owns airlines, banks, telecoms companies, as well as >80% of housing and land. They’ve also got a debt-GDP ratio of >150% (ours is 100%).
If a Left party proposed this level of borrowing/interventionist dirigisme for the UK they’d be called “communists” who wanted to “take us back to the ‘70s”.
The difference in Singapore is that debt is consistently used for productive investment + infrastructure + capital assets — not to fund day-to-day cash transfers. We need to move away from a model of a primarily redistributive/entitlement state, and towards a productive/investment state that builds things & creates rather than doling out £££ to support weak demand/consumption.
The Norwegian example is illustrative. In the last few years, our wealth tax received massive media attention, described by media outlets as leading to an "exodus" of the wealthy.
But only ~1.7% of the ultra-wealthy actually left. Tax revenue boomed
Clement Attlee ignored the Balance the Books BS after WWII.
Britain was in debt and on rations. But his government still spent big to create the NHS and a welfare state.
80 years on, those institutions still stand. But today's politicians refuse to follow in his footsteps.
It's socialism — not capitalism — that creates prosperity.
Norway has one of the strongest welfare systems in the world.
In Singapore, most people live in housing built by the government.
In Luxembourg, social spending as a share of GDP is among the highest in the EU.
Most countries that score well on this chart do so because they have socialist policies in place that increase social mobility and reduce economic precariousness.
@anishmoonka Humans do the things they do because of chemicals in their brains too. Explaining something is not explaining it away. Maybe, like us, the cat feels love too.