There’s a comforting story about how humanity escaped poverty: capitalism.
One variable, one chart, one conclusion. Incomes were flat for ten thousand years, then capitalism arrived and the line went up.
It’s wrong, spin, myth. A lie.
Let me tell you why🧵>>>
Kath needs educating.
1. UK spends by creating money via the Bank of England.
2. Taxes come after and destroy money.
3. Taxes control inflation and give the pound value. They don’t fund services.
4. Her figures are anyway gibberish. Even within her faulty logic.
Accumulate all the financial assets you like. If tomorrow there aren't enough doctors, food, energy or carers, those assets won't magically create them.
Retirement security also depends on future productive capacity.
But “just save more” makes a nicer slogan.
@YahshuaisKing do you think Putin is a corrupt and murderous dictator who has outlawed free speech, free elections and a free press and kills his political opponents to maintain his position?
@TheGreenParty, for the sake of our futures can you stop saying ‘raise taxes to pay for…’
Tax removes money from the economy - it doesn’t ‘fill government coffers’.
Multiple crises have arrived because our political parties do not understand this. For all our sakes, be better.